Janney Montgomery Scott LLC Has $593,000 Position in Cheniere Energy Partners, L.P. $CQP

Janney Montgomery Scott LLC cut its stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 10.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,583 shares of the company’s stock after selling 1,281 shares during the period. Janney Montgomery Scott LLC’s holdings in Cheniere Energy Partners were worth $593,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in shares of Cheniere Energy Partners in the first quarter worth about $34,000. Montag A & Associates Inc. purchased a new position in shares of Cheniere Energy Partners during the first quarter worth about $53,000. SVB Wealth LLC purchased a new stake in Cheniere Energy Partners in the first quarter worth approximately $69,000. Garrison Bradford & Associates Inc. purchased a new stake in Cheniere Energy Partners in the first quarter worth approximately $106,000. Finally, IFP Advisors Inc boosted its stake in shares of Cheniere Energy Partners by 41.2% during the first quarter. IFP Advisors Inc now owns 2,577 shares of the company’s stock valued at $171,000 after purchasing an additional 752 shares during the period. 46.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CQP. Bank of America lifted their target price on shares of Cheniere Energy Partners from $50.00 to $53.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Cheniere Energy Partners in a report on Wednesday, October 8th. Wells Fargo & Company decreased their target price on Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating for the company in a research report on Tuesday, August 12th. Finally, Barclays decreased their target price on Cheniere Energy Partners from $56.00 to $55.00 and set an “underweight” rating for the company in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Strong Sell” and an average price target of $54.60.

Cheniere Energy Partners Stock Performance

NYSE CQP opened at $51.03 on Friday. The company has a market capitalization of $24.70 billion, a P/E ratio of 12.39 and a beta of 0.37. Cheniere Energy Partners, L.P. has a one year low of $47.55 and a one year high of $68.42. The stock has a 50 day moving average price of $53.50 and a 200-day moving average price of $56.16.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Thursday, August 7th. The company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.05). Cheniere Energy Partners had a net margin of 24.62% and a negative return on equity of 503.86%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.21 billion. The company’s quarterly revenue was up 29.6% on a year-over-year basis. As a group, equities analysts predict that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 8th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 6.4%. The ex-dividend date was Friday, August 8th. Cheniere Energy Partners’s dividend payout ratio is presently 75.24%.

Cheniere Energy Partners Company 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.