Atria Wealth Solutions Inc. Cuts Stock Position in Cheniere Energy Partners, L.P. (NYSE:CQP)

Atria Wealth Solutions Inc. lessened its stake in Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 53.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,098 shares of the company's stock after selling 10,583 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Cheniere Energy Partners were worth $601,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new stake in shares of Cheniere Energy Partners during the 1st quarter worth about $34,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Cheniere Energy Partners in the fourth quarter valued at approximately $29,000. Montag A & Associates Inc. acquired a new stake in shares of Cheniere Energy Partners in the first quarter valued at approximately $53,000. Garrison Bradford & Associates Inc. acquired a new position in Cheniere Energy Partners during the first quarter worth $106,000. Finally, NBC Securities Inc. increased its holdings in shares of Cheniere Energy Partners by 104,900.0% in the first quarter. NBC Securities Inc. now owns 2,100 shares of the company's stock valued at $138,000 after purchasing an additional 2,098 shares during the last quarter. Institutional investors and hedge funds own 46.55% of the company's stock.

Cheniere Energy Partners Stock Down 1.2%

Shares of NYSE:CQP traded down $0.65 on Friday, hitting $54.06. 48,838 shares of the company traded hands, compared to its average volume of 140,328. Cheniere Energy Partners, L.P. has a 52 week low of $47.02 and a 52 week high of $68.42. The stock has a 50 day simple moving average of $55.52 and a 200-day simple moving average of $59.15. The company has a market cap of $26.17 billion, a PE ratio of 13.12 and a beta of 0.44.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued 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). Cheniere Energy Partners had a net margin of 24.62% and a negative return on equity of 503.86%. The firm had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.21 billion. The firm's quarterly revenue was up 29.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, August 8th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Friday, August 8th. Cheniere Energy Partners's dividend payout ratio (DPR) is 75.24%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the company an "underweight" rating in a research note on Monday, April 28th. Barclays decreased their price target 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. Finally, Bank of America boosted their target price on Cheniere Energy Partners from $50.00 to $53.00 and gave the company an "underperform" rating in a research report on Wednesday, June 25th. Five analysts have rated the stock with a sell rating, Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $54.60.

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.