Insider Selling: Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) COO Sells 7,649 Shares of Stock

Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP – Get Rating) COO Corey Grindal sold 7,649 shares of Cheniere Energy Partners stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $45.93, for a total transaction of $351,318.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Cheniere Energy Partners Stock Performance

Shares of Cheniere Energy Partners stock traded down $1.23 during trading on Friday, hitting $44.91. 242,683 shares of the stock traded hands, compared to its average volume of 206,889. The stock has a market cap of $21.74 billion, a P/E ratio of 9.87 and a beta of 0.85. The company has a fifty day moving average price of $46.76 and a two-hundred day moving average price of $52.59. Cheniere Energy Partners, L.P. has a twelve month low of $40.20 and a twelve month high of $62.08.

Cheniere Energy Partners (NYSEAMERICAN:CQP – Get Rating) last posted its earnings results on Tuesday, May 2nd. The energy company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.73. Cheniere Energy Partners had a net margin of 25.45% and a negative return on equity of 133.75%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $3.01 billion. On average, equities research analysts expect that Cheniere Energy Partners, L.P. will post 3.06 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 8th were given a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 6.90%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.62. The ex-dividend date was Friday, May 5th. Cheniere Energy Partners’s dividend payout ratio is presently 44.99%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CQP. StockNews.com raised shares of Cheniere Energy Partners from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 11th. Stifel Nicolaus decreased their target price on Cheniere Energy Partners from $53.00 to $49.00 in a research report on Wednesday, May 3rd. 92 Resources reissued a “maintains” rating on shares of Cheniere Energy Partners in a research report on Thursday, May 4th. TheStreet upgraded Cheniere Energy Partners from a “c” rating to a “b-” rating in a research report on Friday, March 3rd. Finally, Royal Bank of Canada lowered their target price on Cheniere Energy Partners from $56.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 3rd. Three analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Cheniere Energy Partners currently has a consensus rating of “Hold” and a consensus price target of $51.14.

Hedge Funds Weigh In On Cheniere Energy Partners

Several institutional investors have recently bought and sold shares of CQP. Mirae Asset Global Investments Co. Ltd. raised its holdings in Cheniere Energy Partners by 83.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,579,620 shares of the energy company’s stock worth $146,703,000 after acquiring an additional 1,171,872 shares during the period. Alps Advisors Inc. increased its stake in shares of Cheniere Energy Partners by 15.5% in the fourth quarter. Alps Advisors Inc. now owns 7,199,141 shares of the energy company’s stock worth $409,415,000 after purchasing an additional 964,036 shares during the period. Infrastructure Capital Advisors LLC lifted its position in shares of Cheniere Energy Partners by 655.1% during the 1st quarter. Infrastructure Capital Advisors LLC now owns 446,581 shares of the energy company’s stock worth $21,132,000 after purchasing an additional 387,442 shares during the last quarter. HRT Financial LP acquired a new position in shares of Cheniere Energy Partners during the 1st quarter worth about $9,250,000. Finally, Clearbridge Investments LLC boosted its stake in Cheniere Energy Partners by 24.1% during the 1st quarter. Clearbridge Investments LLC now owns 949,727 shares of the energy company’s stock valued at $53,527,000 after purchasing an additional 184,500 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Company Profile

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Cheniere Energy Partners LP engages in the operations of liquefied natural gas. The company was founded in 2006 and is headquartered in Houston, TX.