Barclays PLC Reduces Stock Holdings in Cheniere Energy Partners (NYSE:CQP)

Barclays PLC lessened its position in Cheniere Energy Partners (NYSE:CQP - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 605,310 shares of the company's stock after selling 52,675 shares during the quarter. Barclays PLC owned approximately 0.13% of Cheniere Energy Partners worth $32,154,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of Cheniere Energy Partners in the 4th quarter worth approximately $1,365,000. Texas Yale Capital Corp. raised its stake in Cheniere Energy Partners by 1.4% in the 4th quarter. Texas Yale Capital Corp. now owns 49,835 shares of the company's stock valued at $2,647,000 after acquiring an additional 700 shares during the period. Invesco Ltd. grew its holdings in shares of Cheniere Energy Partners by 1.7% during the 4th quarter. Invesco Ltd. now owns 269,671 shares of the company's stock worth $14,325,000 after purchasing an additional 4,383 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Cheniere Energy Partners by 3.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,457 shares of the company's stock valued at $715,000 after purchasing an additional 511 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of Cheniere Energy Partners by 18.0% during the fourth quarter. LPL Financial LLC now owns 84,086 shares of the company's stock worth $4,467,000 after acquiring an additional 12,840 shares during the last quarter. Institutional investors and hedge funds own 46.55% of the company's stock.

Analyst Upgrades and Downgrades

CQP has been the topic of several research reports. Stifel Nicolaus lowered shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and lifted their price objective for the stock from $50.00 to $51.00 in a research report on Friday, February 21st. Barclays raised their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, January 16th.

Cheniere Energy Partners Price Performance

Shares of Cheniere Energy Partners stock traded up $0.38 during trading hours on Thursday, reaching $59.54. The stock had a trading volume of 16,397 shares, compared to its average volume of 210,338. The business's 50 day simple moving average is $62.20. The firm has a market capitalization of $28.82 billion, a price-to-earnings ratio of 13.98 and a beta of 0.57. Cheniere Energy Partners has a 1 year low of $46.71 and a 1 year high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.37 billion. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. On average, equities analysts predict that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were paid a $0.775 dividend. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.04. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date was Monday, February 10th. Cheniere Energy Partners's payout ratio is currently 72.77%.

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.