Stifel Financial Corp Has $382,000 Holdings in Cheniere Energy Partners LP (CQP)
Stifel Financial Corp raised its stake in shares of Cheniere Energy Partners LP (NYSE:CQP) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,852 shares of the company’s stock after acquiring an additional 1,200 shares during the period. Stifel Financial Corp’s holdings in Cheniere Energy Partners were worth $382,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Virtu KCG Holdings LLC purchased a new stake in Cheniere Energy Partners during the 2nd quarter valued at approximately $225,000. Advisor Group Inc. raised its stake in Cheniere Energy Partners by 1.6% during the 2nd quarter. Advisor Group Inc. now owns 9,228 shares of the company’s stock valued at $299,000 after acquiring an additional 149 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Cheniere Energy Partners by 0.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 9,256 shares of the company’s stock valued at $300,000 after acquiring an additional 63 shares during the last quarter. Alliancebernstein L.P. raised its stake in Cheniere Energy Partners by 40.6% during the 1st quarter. Alliancebernstein L.P. now owns 10,748 shares of the company’s stock valued at $347,000 after acquiring an additional 3,104 shares during the last quarter. Finally, BB&T Corp purchased a new stake in Cheniere Energy Partners during the 2nd quarter valued at approximately $360,000.
Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Tuesday, August 8th. The company reported ($3.71) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($4.19). Cheniere Energy Partners had a return on equity of 39.76% and a net margin of 4.64%. The business had revenue of $992.00 million during the quarter, compared to the consensus estimate of $771.91 million.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd will be issued a $0.44 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 6.29%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.43.
Several research firms have commented on CQP. Scotiabank set a $34.00 price objective on Cheniere Energy Partners and gave the company a “hold” rating in a research note on Saturday, July 22nd. Zacks Investment Research downgraded Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, September 18th. Royal Bank Of Canada reduced their price objective on Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a research note on Monday, October 16th. BMO Capital Markets began coverage on Cheniere Energy Partners in a research note on Monday, September 25th. They set an “outperform” rating and a $32.00 price objective for the company. Finally, Barclays PLC downgraded Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 price objective for the company. in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $34.14.
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Cheniere Energy Partners Profile
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
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