Cetera Investment Advisers Reduces Holdings in Cheniere Energy Partners, L.P. (NYSE:CQP)

Cetera Investment Advisers lowered its position in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 0.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,369 shares of the company’s stock after selling 269 shares during the period. Cetera Investment Advisers’ holdings in Cheniere Energy Partners were worth $3,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Alps Advisors Inc. grew its holdings in shares of Cheniere Energy Partners by 16.6% in the first quarter. Alps Advisors Inc. now owns 9,019,585 shares of the company’s stock valued at $595,653,000 after purchasing an additional 1,283,564 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cheniere Energy Partners by 5.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,377,887 shares of the company’s stock valued at $126,313,000 after buying an additional 122,956 shares during the period. Invesco Ltd. boosted its position in Cheniere Energy Partners by 1.7% in the 4th quarter. Invesco Ltd. now owns 269,671 shares of the company’s stock valued at $14,325,000 after buying an additional 4,383 shares during the period. McGowan Group Asset Management Inc. grew its stake in shares of Cheniere Energy Partners by 0.3% in the fourth quarter. McGowan Group Asset Management Inc. now owns 239,305 shares of the company’s stock worth $12,712,000 after acquiring an additional 735 shares in the last quarter. Finally, Miller Howard Investments Inc. NY increased its position in shares of Cheniere Energy Partners by 2.0% during the first quarter. Miller Howard Investments Inc. NY now owns 104,157 shares of the company’s stock worth $6,879,000 after acquiring an additional 2,035 shares during the period. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Down 0.9%

Shares of Cheniere Energy Partners stock opened at $56.69 on Wednesday. Cheniere Energy Partners, L.P. has a fifty-two week low of $47.00 and a fifty-two week high of $68.42. The business’s fifty day moving average is $56.17 and its two-hundred day moving average is $59.54. The firm has a market cap of $27.44 billion, a PE ratio of 13.63 and a beta of 0.44.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a net margin of 26.27% and a negative return on equity of 414.56%. Cheniere Energy Partners’s revenue was up 30.2% on a year-over-year basis. During the same period last year, the business earned $1.18 EPS. Equities research analysts anticipate that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current year.

Cheniere Energy Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Friday, August 8th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 74.52%.

Wall Street Analysts Forecast Growth

CQP has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an “underweight” rating in a research report on Monday, April 28th. Barclays raised their price objective on shares of Cheniere Energy Partners from $54.00 to $56.00 and gave the company an “underweight” rating in a report on Wednesday, June 4th. Bank of America increased their target price on Cheniere Energy Partners from $50.00 to $53.00 and gave the company an “underperform” rating in a report on Wednesday, June 25th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $61.00 price target (up from $59.00) on shares of Cheniere Energy Partners in a report on Wednesday, June 25th. Five research analysts have rated the stock with a sell rating, According to data from MarketBeat.com, Cheniere Energy Partners has a consensus rating of “Reduce” and an average price target of $55.80.

Cheniere Energy Partners Profile

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.