Mediolanum International Funds Ltd Sells 77,980 Shares of Cheniere Energy Partners, L.P. (NYSE:CQP)

Key Points

• Mediolanum International Funds Ltd reduced its stake in Cheniere Energy Partners, L.P. by 80.8%, leaving it with 18,511 shares valued at approximately $1.2 million.
• Several other institutional investors have also modified their positions, with Wealth Enhancement Advisory Services LLC increasing its stake by 65.5% during the same quarter.
• Analysts have shown mixed opinions on CQP, with a consensus rating of "Reduce" and an average price target of $55.80. Barclays recently adjusted its price target to $56.00.

Mediolanum International Funds Ltd cut its holdings in shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 80.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,511 shares of the company's stock after selling 77,980 shares during the quarter. Mediolanum International Funds Ltd's holdings in Cheniere Energy Partners were worth $1,222,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CQP. Alps Advisors Inc. raised its position in shares of Cheniere Energy Partners by 16.6% in the first quarter. Alps Advisors Inc. now owns 9,019,585 shares of the company's stock valued at $595,653,000 after purchasing an additional 1,283,564 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cheniere Energy Partners by 5.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,377,887 shares of the company's stock worth $126,313,000 after buying an additional 122,956 shares during the period. SOA Wealth Advisors LLC. acquired a new position in Cheniere Energy Partners in the 1st quarter valued at about $1,734,000. Raymond James Financial Inc. bought a new position in Cheniere Energy Partners in the 4th quarter valued at about $1,365,000. Finally, Founders Capital Management bought a new position in Cheniere Energy Partners in the 1st quarter valued at about $1,441,000. Institutional investors own 46.55% of the company's stock.

Cheniere Energy Partners Price Performance

NYSE:CQP traded down $1.24 during trading hours on Friday, reaching $56.43. 58,498 shares of the company were exchanged, compared to its average volume of 194,860. The company has a market capitalization of $27.31 billion, a P/E ratio of 13.56 and a beta of 0.42. The business has a 50 day moving average of $56.23 and a 200 day moving average of $59.62. Cheniere Energy Partners, L.P. has a 1-year low of $47.00 and a 1-year high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 414.56% and a net margin of 26.27%. During the same quarter last year, the company posted $1.18 EPS. The company's revenue was up 30.2% on a year-over-year basis. As a group, equities research 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 company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy Partners's dividend payout ratio is 74.52%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CQP shares. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $61.00 target price (up previously from $59.00) on shares of Cheniere Energy Partners in a research report on Wednesday, June 25th. Bank of America boosted their price target on Cheniere Energy Partners from $50.00 to $53.00 and gave the company an "underperform" rating in a research note on Wednesday, June 25th. Barclays increased their price objective on Cheniere Energy Partners from $54.00 to $56.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the company an "underweight" rating in a research report on Monday, April 28th. Five investment analysts have rated the stock with a sell rating, According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $55.80.

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.