Janney Montgomery Scott LLC Decreases Stake in Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP)

Janney Montgomery Scott LLC reduced its stake in shares of Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP – Get Rating) by 7.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 11,785 shares of the energy company’s stock after selling 920 shares during the period. Janney Montgomery Scott LLC’s holdings in Cheniere Energy Partners were worth $629,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CQP. U.S. Capital Wealth Advisors LLC boosted its position in shares of Cheniere Energy Partners by 1.9% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 12,176 shares of the energy company’s stock worth $546,000 after buying an additional 227 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Cheniere Energy Partners by 5.5% in the 2nd quarter. Avantax Advisory Services Inc. now owns 5,228 shares of the energy company’s stock worth $235,000 after buying an additional 271 shares in the last quarter. Naples Global Advisors LLC boosted its position in shares of Cheniere Energy Partners by 2.3% in the 2nd quarter. Naples Global Advisors LLC now owns 15,689 shares of the energy company’s stock worth $704,000 after buying an additional 350 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Cheniere Energy Partners by 0.4% in the 1st quarter. Neuberger Berman Group LLC now owns 99,300 shares of the energy company’s stock worth $5,597,000 after buying an additional 375 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Cheniere Energy Partners by 2.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 16,765 shares of the energy company’s stock worth $752,000 after buying an additional 441 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Partners Stock Performance

NYSEAMERICAN:CQP opened at $55.47 on Friday. The stock has a market capitalization of $26.85 billion, a price-to-earnings ratio of -132.07 and a beta of 0.87. Cheniere Energy Partners, L.P. has a 12-month low of $40.20 and a 12-month high of $62.08.

Cheniere Energy Partners (NYSEAMERICAN:CQP – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The energy company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.36). Cheniere Energy Partners had a net margin of 3.13% and a negative return on equity of 108.35%. The company had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.56 billion. Analysts forecast that Cheniere Energy Partners, L.P. will post 5.23 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Thursday, November 3rd were paid a dividend of $0.775 per share. The ex-dividend date was Wednesday, November 2nd. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.59%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.29. Cheniere Energy Partners’s dividend payout ratio is currently -738.08%.

Wall Street Analyst Weigh In

CQP has been the topic of several recent research reports. Citigroup decreased their price objective on shares of Cheniere Energy Partners from $47.00 to $44.00 and set a “sell” rating on the stock in a research report on Monday, January 9th. Barclays upped their target price on shares of Cheniere Energy Partners from $48.00 to $51.00 and gave the company an “underweight” rating in a report on Wednesday, October 12th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $52.25.

About Cheniere Energy Partners

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Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates natural gas liquefaction and export facility at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana. The company's regasification facilities include five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels with capacity of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day.