IFP Advisors Inc Has $101,000 Stock Holdings in Cheniere Energy Partners, L.P. $CQP

IFP Advisors Inc trimmed its holdings in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 29.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,816 shares of the company’s stock after selling 761 shares during the period. IFP Advisors Inc’s holdings in Cheniere Energy Partners were worth $101,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Maryland State Retirement & Pension System boosted its stake in shares of Cheniere Energy Partners by 6.3% during the 2nd quarter. Maryland State Retirement & Pension System now owns 34,897 shares of the company’s stock worth $1,956,000 after buying an additional 2,056 shares during the last quarter. Chung Wu Investment Group LLC bought a new stake in shares of Cheniere Energy Partners in the 2nd quarter valued at about $56,000. Ameritas Advisory Services LLC bought a new stake in shares of Cheniere Energy Partners in the 2nd quarter valued at about $26,000. Founders Capital Management raised its holdings in shares of Cheniere Energy Partners by 2.2% in the 2nd quarter. Founders Capital Management now owns 22,291 shares of the company’s stock valued at $1,249,000 after purchasing an additional 471 shares during the period. Finally, ORG Wealth Partners LLC raised its holdings in shares of Cheniere Energy Partners by 331.6% in the 2nd quarter. ORG Wealth Partners LLC now owns 14,019 shares of the company’s stock valued at $776,000 after purchasing an additional 10,771 shares during the period. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, August 12th. Barclays dropped their target price on shares of Cheniere Energy Partners from $56.00 to $55.00 and set an “underweight” rating on the stock in a report on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cheniere Energy Partners in a report on Wednesday, October 8th. Finally, Bank of America upped their target price on shares of Cheniere Energy Partners from $50.00 to $53.00 and gave the company an “underperform” rating in a report on Wednesday, June 25th. One analyst has rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Strong Sell” and a consensus price target of $54.60.

Cheniere Energy Partners Stock Down 1.0%

Cheniere Energy Partners stock opened at $50.36 on Monday. The stock has a market cap of $24.38 billion, a P/E ratio of 12.22 and a beta of 0.37. Cheniere Energy Partners, L.P. has a twelve month low of $47.55 and a twelve month high of $68.42. The company’s 50-day moving average price is $53.42 and its two-hundred day moving average price is $55.91.

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

Cheniere Energy Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 8th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Friday, August 8th. Cheniere Energy Partners’s dividend payout ratio is currently 75.24%.

About Cheniere Energy Partners

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.