Cheniere Energy Partners, L.P. $CQP Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its position in Cheniere Energy Partners, L.P. (NYSE:CQP) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 973,118 shares of the company’s stock after selling 24,122 shares during the quarter. JPMorgan Chase & Co. owned 0.20% of Cheniere Energy Partners worth $52,373,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CQP. Northwestern Mutual Wealth Management Co. increased its position in shares of Cheniere Energy Partners by 180.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock valued at $27,000 after purchasing an additional 306 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Cheniere Energy Partners by 68.3% during the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after purchasing an additional 205 shares in the last quarter. MAI Capital Management grew its stake in shares of Cheniere Energy Partners by 1,339.3% during the second quarter. MAI Capital Management now owns 1,612 shares of the company’s stock worth $90,000 after purchasing an additional 1,500 shares in the last quarter. CENTRAL TRUST Co increased its holdings in Cheniere Energy Partners by 203.1% in the third quarter. CENTRAL TRUST Co now owns 1,864 shares of the company’s stock valued at $100,000 after buying an additional 1,249 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in Cheniere Energy Partners in the third quarter valued at $126,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

Shares of NYSE:CQP opened at $67.65 on Friday. The company has a 50-day simple moving average of $59.41 and a 200-day simple moving average of $55.36. Cheniere Energy Partners, L.P. has a one year low of $49.53 and a one year high of $69.49. The company has a debt-to-equity ratio of 34.21, a quick ratio of 0.68 and a current ratio of 0.78. The stock has a market capitalization of $32.74 billion, a price-to-earnings ratio of 13.08 and a beta of 0.40.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results on Wednesday, February 25th. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $1.27. The firm had revenue of $2.91 billion for the quarter. Cheniere Energy Partners had a negative return on equity of 1,446.48% and a net margin of 27.76%.The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 EPS. On average, analysts predict that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 9th were paid a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, February 9th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 59.96%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays lifted their price target on Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a report on Friday, February 27th. Citigroup cut their target price on Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating on the stock in a research report on Monday, January 12th. Bank of America boosted their target price on Cheniere Energy Partners from $51.00 to $57.00 and gave the stock an “underperform” rating in a research note on Friday. Zacks Research raised Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Finally, Weiss Ratings upgraded shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Cheniere Energy Partners currently has an average rating of “Reduce” and a consensus price target of $56.43.

Cheniere Energy Partners Profile

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.