Cheniere Energy Partners (NYSE:CQP) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its stake in Cheniere Energy Partners (NYSE:CQP) by 40.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,091 shares of the company’s stock after selling 3,420 shares during the period. Sanctuary Advisors LLC’s holdings in Cheniere Energy Partners were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in CQP. Millburn Ridgefield Corp acquired a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at about $116,000. Larson Financial Group LLC acquired a new stake in shares of Cheniere Energy Partners in the third quarter valued at approximately $146,000. BIP Wealth LLC acquired a new stake in shares of Cheniere Energy Partners in the third quarter valued at approximately $244,000. Van ECK Associates Corp purchased a new position in shares of Cheniere Energy Partners during the third quarter worth approximately $416,000. Finally, M&T Bank Corp acquired a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at $587,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Wall Street Analysts Forecast Growth

CQP has been the topic of several research reports. Wells Fargo & Company raised their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th. Bank of America initiated coverage on Cheniere Energy Partners in a research report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price target on the stock.

Cheniere Energy Partners Stock Performance

NYSE:CQP opened at $53.49 on Friday. The stock has a market cap of $25.89 billion, a price-to-earnings ratio of 11.55 and a beta of 0.73. The firm has a fifty day moving average price of $53.23. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $59.40.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Thursday, October 31st. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.08). The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. As a group, equities research analysts anticipate that Cheniere Energy Partners will post 4.29 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 66.95%.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.