Wells Fargo & Company MN Sells 17,633 Shares of Cheniere Energy Partners (NYSE:CQP)

Wells Fargo & Company MN cut its holdings in shares of Cheniere Energy Partners (NYSE:CQP - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,874 shares of the company's stock after selling 17,633 shares during the quarter. Wells Fargo & Company MN's holdings in Cheniere Energy Partners were worth $5,146,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. LPL Financial LLC raised its stake in Cheniere Energy Partners by 18.0% during the 4th quarter. LPL Financial LLC now owns 84,086 shares of the company's stock valued at $4,467,000 after purchasing an additional 12,840 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Cheniere Energy Partners in the fourth quarter valued at about $470,000. Horizon Kinetics Asset Management LLC acquired a new stake in Cheniere Energy Partners during the fourth quarter worth about $212,000. Commonwealth Equity Services LLC increased its stake in Cheniere Energy Partners by 1.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 20,812 shares of the company's stock valued at $1,106,000 after acquiring an additional 200 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in shares of Cheniere Energy Partners by 2.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 7,438 shares of the company's stock worth $395,000 after acquiring an additional 162 shares during the period. 46.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CQP. Stifel Nicolaus lowered Cheniere Energy Partners from a "hold" rating to a "sell" rating and upped their target price for the company from $50.00 to $51.00 in a research note on Friday, February 21st. Barclays increased their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, January 16th.

Cheniere Energy Partners Trading Down 1.5 %

CQP stock traded down $0.89 during trading on Friday, hitting $58.32. The company had a trading volume of 20,406 shares, compared to its average volume of 166,151. The firm's fifty day moving average is $62.15. Cheniere Energy Partners has a fifty-two week low of $46.71 and a fifty-two week high of $68.42. The stock has a market capitalization of $28.23 billion, a P/E ratio of 13.69 and a beta of 0.57.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.37 billion. As a group, analysts expect that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were issued a dividend of $0.775 per share. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.10 annualized dividend and a dividend yield of 5.32%. Cheniere Energy Partners's dividend payout ratio (DPR) is presently 72.77%.

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.