LPL Financial LLC Has $7.95 Million Position in Cheniere Energy Partners, L.P. (NYSE:CQP)

LPL Financial LLC increased its holdings in shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) by 43.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,393 shares of the company's stock after purchasing an additional 36,307 shares during the period. LPL Financial LLC's holdings in Cheniere Energy Partners were worth $7,951,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CQP. Alps Advisors Inc. lifted its stake in Cheniere Energy Partners by 16.6% in the 1st 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cheniere Energy Partners by 5.5% in the 4th 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 in the last quarter. Invesco Ltd. lifted its stake in Cheniere Energy Partners by 1.7% in the 4th quarter. Invesco Ltd. now owns 269,671 shares of the company's stock valued at $14,325,000 after acquiring an additional 4,383 shares in the last quarter. McGowan Group Asset Management Inc. lifted its stake in Cheniere Energy Partners by 0.3% in the 4th quarter. McGowan Group Asset Management Inc. now owns 239,305 shares of the company's stock valued at $12,712,000 after acquiring an additional 735 shares in the last quarter. Finally, Miller Howard Investments Inc. NY lifted its stake in Cheniere Energy Partners by 2.0% in the 1st quarter. Miller Howard Investments Inc. NY now owns 104,157 shares of the company's stock valued at $6,879,000 after acquiring an additional 2,035 shares in the last quarter. Institutional investors own 46.55% of the company's stock.

Cheniere Energy Partners Trading Down 0.4%

Shares of Cheniere Energy Partners stock traded down $0.20 on Friday, reaching $54.52. 2,237 shares of the company were exchanged, compared to its average volume of 189,944. Cheniere Energy Partners, L.P. has a one year low of $47.02 and a one year high of $68.42. The company has a market capitalization of $26.39 billion, a price-to-earnings ratio of 13.23 and a beta of 0.44. The company has a 50-day moving average of $55.62 and a 200 day moving average of $59.22.

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

Cheniere Energy Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 8th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.0%. Cheniere Energy Partners's payout ratio is presently 75.24%.

Analysts Set New Price Targets

Several equities research analysts have commented on CQP shares. Barclays cut their target price on Cheniere Energy Partners from $56.00 to $55.00 and set an "underweight" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an "underweight" rating in a research note on Monday, April 28th. Bank of America upped their price objective on Cheniere Energy Partners from $50.00 to $53.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company dropped their price objective on Cheniere Energy Partners from $61.00 to $56.00 and set an "underweight" rating on the stock in a research note on Tuesday. Five research analysts have rated the stock with a sell rating, According to data from MarketBeat.com, Cheniere Energy Partners has an average rating of "Reduce" and a consensus price target of $54.60.

Cheniere Energy Partners 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.