Naples Global Advisors LLC Trims Stock Holdings in Cheniere Energy Partners, L.P. $CQP

Naples Global Advisors LLC trimmed its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,989 shares of the company’s stock after selling 200 shares during the period. Naples Global Advisors LLC’s holdings in Cheniere Energy Partners were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Alps Advisors Inc. grew its stake in Cheniere Energy Partners by 16.6% in the 1st quarter. Alps Advisors Inc. now owns 9,019,585 shares of the company’s stock valued at $595,653,000 after buying an additional 1,283,564 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Cheniere Energy Partners by 24.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,953,675 shares of the company’s stock valued at $195,061,000 after buying an additional 575,788 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in Cheniere Energy Partners by 6.9% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 712,703 shares of the company’s stock valued at $47,067,000 after buying an additional 45,870 shares in the last quarter. LPL Financial LLC grew its stake in Cheniere Energy Partners by 43.2% in the 1st quarter. LPL Financial LLC now owns 120,393 shares of the company’s stock valued at $7,951,000 after buying an additional 36,307 shares in the last quarter. Finally, Miller Howard Investments Inc. NY grew its stake in Cheniere Energy Partners by 0.3% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 104,438 shares of the company’s stock valued at $5,854,000 after buying an additional 281 shares in the last quarter. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on CQP. Barclays reduced their price objective on shares of Cheniere Energy Partners from $56.00 to $55.00 and set an “underweight” rating for the company in a research note on Thursday, August 14th. Bank of America boosted their price target on shares of Cheniere Energy Partners from $50.00 to $53.00 and gave the company an “underperform” rating in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company reduced their price target on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating for the company in a research report on Tuesday, August 12th. Five research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Cheniere Energy Partners currently has a consensus rating of “Strong Sell” and a consensus price target of $54.60.

Cheniere Energy Partners Price Performance

CQP opened at $53.81 on Friday. The company has a fifty day moving average price of $54.32 and a 200-day moving average price of $56.93. The firm has a market capitalization of $26.05 billion, a P/E ratio of 13.06 and a beta of 0.37. Cheniere Energy Partners, L.P. has a one year low of $47.55 and a one year high of $68.42.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Thursday, August 7th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.05). Cheniere Energy Partners had a negative return on equity of 503.86% and a net margin of 24.62%.The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.21 billion. The company’s revenue was up 29.6% compared to the same quarter last year. On average, analysts expect that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

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