Cheniere Energy Partners, L.P. $CQP Holdings Lowered by PFG Investments LLC

PFG Investments LLC decreased its stake in Cheniere Energy Partners, L.P. (NYSE:CQP) by 21.7% in the second quarter, HoldingsChannel reports. The firm owned 15,165 shares of the company’s stock after selling 4,209 shares during the period. PFG Investments LLC’s holdings in Cheniere Energy Partners were worth $850,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new stake in Cheniere Energy Partners during the first quarter valued at about $34,000. Montag A & Associates Inc. purchased a new stake in shares of Cheniere Energy Partners in the 1st quarter valued at approximately $53,000. SVB Wealth LLC acquired a new position in Cheniere Energy Partners in the 1st quarter worth approximately $69,000. Garrison Bradford & Associates Inc. purchased a new position in Cheniere Energy Partners during the 1st quarter worth approximately $106,000. Finally, NBC Securities Inc. raised its stake in Cheniere Energy Partners by 104,900.0% during the 1st quarter. NBC Securities Inc. now owns 2,100 shares of the company’s stock valued at $138,000 after purchasing an additional 2,098 shares during the period. Institutional investors and hedge funds own 46.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CQP shares. Bank of America raised their target price on Cheniere Energy Partners from $50.00 to $53.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 25th. Wells Fargo & Company lowered their target price on Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 12th. Finally, Barclays reduced their price target on shares of 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. Five equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average target price of $54.60.

Cheniere Energy Partners Price Performance

Shares of CQP stock opened at $53.81 on Friday. Cheniere Energy Partners, L.P. has a fifty-two week low of $47.55 and a fifty-two week high of $68.42. The stock’s 50-day moving average is $54.32 and its two-hundred day moving average is $56.93. The firm has a market cap of $26.05 billion, a P/E ratio of 13.06 and a beta of 0.37.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.91 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.21 billion. Cheniere Energy Partners’s revenue for the quarter was up 29.6% on a year-over-year basis. As a group, research analysts expect that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, August 8th were paid a dividend of $0.82 per share. The ex-dividend date was Friday, August 8th. This represents a $3.28 annualized dividend and a dividend yield of 6.1%. Cheniere Energy Partners’s dividend payout ratio is 75.24%.

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.