Stratos Wealth Partners LTD. Reduces Stock Position in Cheniere Energy Partners, L.P. $CQP

Stratos Wealth Partners LTD. lessened its stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 9.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,674 shares of the company’s stock after selling 600 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Cheniere Energy Partners were worth $318,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of Cheniere Energy Partners during the 2nd quarter valued at about $26,000. Montag A & Associates Inc. purchased a new position in shares of Cheniere Energy Partners in the first quarter worth approximately $53,000. Chung Wu Investment Group LLC purchased a new position in shares of Cheniere Energy Partners in the second quarter worth approximately $56,000. SVB Wealth LLC purchased a new position in shares of Cheniere Energy Partners in the first quarter worth approximately $69,000. Finally, Garrison Bradford & Associates Inc. purchased a new position in shares of Cheniere Energy Partners in the first quarter worth approximately $106,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CQP. Barclays dropped their price objective on shares of Cheniere Energy Partners from $56.00 to $55.00 and set an “underweight” rating on the stock in a report on Thursday, August 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cheniere Energy Partners in a report on Friday. Finally, Wells Fargo & Company dropped their price objective on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and a consensus price target of $54.60.

Cheniere Energy Partners Price Performance

Shares of NYSE:CQP opened at $54.26 on Friday. Cheniere Energy Partners, L.P. has a 1-year low of $48.00 and a 1-year high of $68.42. The company has a market capitalization of $26.26 billion, a P/E ratio of 13.17 and a beta of 0.37. The firm’s 50 day simple moving average is $53.29 and its two-hundred day simple moving average is $55.78.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.91 earnings per share 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 for the quarter, compared to analysts’ expectations of $2.21 billion. The firm’s quarterly revenue was up 29.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 8th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.28 annualized dividend and a yield of 6.0%. Cheniere Energy Partners’s payout ratio is currently 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.