Energy Income Partners LLC Decreases Stake in Cheniere Energy Partners, L.P. $CQP

Key Points

• Energy Income Partners LLC has reduced its position in Cheniere Energy Partners (CQP) by 28.2%, selling 382,725 shares, and now owns 0.20% of the company valued at $64.36 million.
• Cheniere Energy Partners reported $0.91 earnings per share for the latest quarter, which is below the consensus estimate of $0.96, despite a revenue increase of 29.6% year-over-year.
• The company announced a quarterly dividend of $0.82 per share, with an annualized dividend yield of 5.9%, reflecting a dividend payout ratio of 75.24%.

Energy Income Partners LLC lowered its position in Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 28.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 974,558 shares of the company's stock after selling 382,725 shares during the quarter. Energy Income Partners LLC owned 0.20% of Cheniere Energy Partners worth $64,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CQP. Alps Advisors Inc. boosted its holdings in 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 acquiring an additional 1,283,564 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cheniere Energy Partners by 5.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,377,887 shares of the company's stock valued at $126,313,000 after acquiring an additional 122,956 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in Cheniere Energy Partners by 6.9% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 712,703 shares of the company's stock valued at $47,067,000 after acquiring an additional 45,870 shares during the last quarter. LPL Financial LLC boosted its holdings in Cheniere Energy Partners by 43.2% in the first quarter. LPL Financial LLC now owns 120,393 shares of the company's stock valued at $7,951,000 after acquiring an additional 36,307 shares during the last quarter. Finally, SOA Wealth Advisors LLC. bought a new stake in Cheniere Energy Partners in the first quarter valued at approximately $1,734,000. 46.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America increased their price target on Cheniere Energy Partners from $50.00 to $53.00 and gave the stock an "underperform" rating in a report on Wednesday, June 25th. Barclays cut their price target on Cheniere Energy Partners from $56.00 to $55.00 and set an "underweight" rating on the stock in a report on Thursday, August 14th. Finally, Wells Fargo & Company cut their price target on Cheniere Energy Partners from $61.00 to $56.00 and set an "underweight" rating on the stock in a report on Tuesday, August 12th. Five investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of "Strong Sell" and an average price target of $54.60.

Cheniere Energy Partners Stock Up 0.6%

NYSE CQP traded up $0.33 on Thursday, reaching $54.12. The company had a trading volume of 48,755 shares, compared to its average volume of 180,710. Cheniere Energy Partners, L.P. has a 52-week low of $47.50 and a 52-week high of $68.42. The stock has a market capitalization of $26.20 billion, a P/E ratio of 13.14 and a beta of 0.42. The company's fifty day moving average is $54.91 and its 200 day moving average is $58.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.91 earnings per share (EPS) 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 business had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.21 billion. The firm's revenue was up 29.6% on a year-over-year basis. On average, research analysts expect that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current year.

Cheniere Energy Partners Announces Dividend

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

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.