Cheniere Energy Partners, L.P. $CQP Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its stake in Cheniere Energy Partners, L.P. (NYSE:CQP) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,160 shares of the company’s stock after selling 1,209 shares during the quarter. Cetera Investment Advisers’ holdings in Cheniere Energy Partners were worth $2,699,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cheniere Energy Partners by 24.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,953,675 shares of the company’s stock valued at $195,061,000 after purchasing an additional 575,788 shares during the period. Empowered Funds LLC raised its stake in Cheniere Energy Partners by 139.0% during the first quarter. Empowered Funds LLC now owns 82,511 shares of the company’s stock worth $5,449,000 after purchasing an additional 47,985 shares during the period. Tortoise Capital Advisors L.L.C. boosted its holdings in Cheniere Energy Partners by 6.9% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 712,703 shares of the company’s stock valued at $47,067,000 after purchasing an additional 45,870 shares during the last quarter. LPL Financial LLC grew its stake in shares of Cheniere Energy Partners by 43.2% in the 1st quarter. LPL Financial LLC now owns 120,393 shares of the company’s stock valued at $7,951,000 after buying an additional 36,307 shares during the period. Finally, Everstar Asset Management LLC acquired a new stake in shares of Cheniere Energy Partners during the 1st quarter worth approximately $1,787,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays decreased their price objective on Cheniere Energy Partners from $56.00 to $55.00 and set an “underweight” rating on the stock in a report on Thursday, August 14th. Wells Fargo & Company lowered their price target on Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday, August 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cheniere Energy Partners in a report on Tuesday. One research analyst has rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Strong Sell” and an average price target of $54.60.

Cheniere Energy Partners Trading Up 1.6%

CQP stock opened at $54.50 on Friday. The business’s fifty day moving average price is $52.76 and its 200 day moving average price is $54.67. Cheniere Energy Partners, L.P. has a 12-month low of $49.53 and a 12-month high of $68.42. The company has a market capitalization of $26.38 billion, a PE ratio of 13.23 and a beta of 0.40.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Wednesday, October 29th. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.21). The firm had revenue of $2.40 billion during the quarter. Cheniere Energy Partners had a net margin of 24.62% and a negative return on equity of 503.86%. Cheniere Energy Partners’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 earnings per share. Research analysts predict that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were issued a dividend of $0.775 per share. The ex-dividend date was Friday, November 7th. This represents a $3.10 dividend on an annualized basis and a yield of 5.7%. Cheniere Energy Partners’s dividend payout ratio is 80.73%.

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.