Requisite Capital Management LLC Sells 17,500 Shares of Cheniere Energy Partners (NYSE:CQP)

Requisite Capital Management LLC cut its holdings in Cheniere Energy Partners (NYSE:CQP - Free Report) by 29.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,905 shares of the company's stock after selling 17,500 shares during the period. Cheniere Energy Partners accounts for 0.6% of Requisite Capital Management LLC's holdings, making the stock its 15th biggest holding. Requisite Capital Management LLC's holdings in Cheniere Energy Partners were worth $2,767,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new position in shares of Cheniere Energy Partners in the first quarter worth $34,000. Vermillion Wealth Management Inc. bought a new stake in Cheniere Energy Partners in the 4th quarter valued at $29,000. IFP Advisors Inc lifted its stake in Cheniere Energy Partners by 53.7% in the 4th quarter. IFP Advisors Inc now owns 1,825 shares of the company's stock worth $97,000 after purchasing an additional 638 shares in the last quarter. NBC Securities Inc. lifted its stake in Cheniere Energy Partners by 104,900.0% in the 1st quarter. NBC Securities Inc. now owns 2,100 shares of the company's stock worth $138,000 after purchasing an additional 2,098 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Cheniere Energy Partners during the 4th quarter valued at about $201,000. 46.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CQP shares. Stifel Nicolaus cut Cheniere Energy Partners from a "hold" rating to a "sell" rating and lifted their target price for the stock from $50.00 to $51.00 in a report on Friday, February 21st. Barclays lifted their price objective on Cheniere Energy Partners from $54.00 to $56.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 4th. Bank of America upped their price objective on Cheniere Energy Partners from $49.00 to $50.00 and gave the stock an "underperform" rating in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the company an "underweight" rating in a report on Monday, April 28th. Five research analysts have rated the stock with a sell rating, According to MarketBeat, Cheniere Energy Partners presently has a consensus rating of "Reduce" and an average price target of $54.00.

Cheniere Energy Partners Trading Up 0.4%

Shares of NYSE:CQP traded up $0.25 during trading on Tuesday, reaching $56.99. The company's stock had a trading volume of 123,610 shares, compared to its average volume of 164,687. The stock has a market capitalization of $27.59 billion, a PE ratio of 13.38 and a beta of 0.43. Cheniere Energy Partners has a 12 month low of $46.73 and a 12 month high of $68.42. The firm's 50 day simple moving average is $58.75 and its two-hundred day simple moving average is $59.70.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The business's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 EPS. Research analysts anticipate that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, May 9th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 5.76%. The ex-dividend date was Friday, May 9th. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.78. Cheniere Energy Partners's dividend payout ratio is presently 74.52%.

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.