JPMorgan Chase & Co. Sells 24,122 Shares of Cheniere Energy Partners, L.P. $CQP

JPMorgan Chase & Co. reduced its position in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 2.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 973,118 shares of the company’s stock after selling 24,122 shares during the period. JPMorgan Chase & Co.’s holdings in Cheniere Energy Partners were worth $52,373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Cheniere Energy Partners by 180.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after buying an additional 306 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Cheniere Energy Partners by 25.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 924 shares of the company’s stock worth $52,000 after acquiring an additional 188 shares during the last quarter. MAI Capital Management increased its holdings in Cheniere Energy Partners by 1,339.3% during the 2nd quarter. MAI Capital Management now owns 1,612 shares of the company’s stock valued at $90,000 after purchasing an additional 1,500 shares in the last quarter. MTM Investment Management LLC acquired a new stake in Cheniere Energy Partners during the 2nd quarter valued at $95,000. Finally, CENTRAL TRUST Co raised its position in Cheniere Energy Partners by 203.1% in the 3rd quarter. CENTRAL TRUST Co now owns 1,864 shares of the company’s stock valued at $100,000 after purchasing an additional 1,249 shares during the last quarter. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Trading Down 1.0%

Shares of Cheniere Energy Partners stock opened at $58.89 on Thursday. The stock’s fifty day simple moving average is $56.04 and its 200 day simple moving average is $54.27. The company has a market capitalization of $28.51 billion, a PE ratio of 15.34 and a beta of 0.42. Cheniere Energy Partners, L.P. has a 12 month low of $49.53 and a 12 month high of $68.42.

Cheniere Energy Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 9th were given a $0.775 dividend. The ex-dividend date was Monday, February 9th. This represents a $3.10 annualized dividend and a dividend yield of 5.3%. Cheniere Energy Partners’s payout ratio is currently 80.73%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup decreased their target price on Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating on the stock in a report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Cheniere Energy Partners in a research report on Monday, December 29th. Zacks Research downgraded shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Bank of America decreased their price target on shares of Cheniere Energy Partners from $53.00 to $51.00 and set an “underperform” rating on the stock in a research note on Thursday, December 11th. Finally, Morgan Stanley dropped their price objective on shares of Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell” and a consensus target price of $54.00.

Cheniere Energy Partners Company 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.