JPMorgan Chase & Co. Sells 24,122 Shares of Cheniere Energy Partners, L.P. $CQP

JPMorgan Chase & Co. trimmed its stake in Cheniere Energy Partners, L.P. (NYSE:CQP) by 2.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 973,118 shares of the company’s stock after selling 24,122 shares during the period. JPMorgan Chase & Co. owned 0.20% of Cheniere Energy Partners worth $52,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CQP. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Cheniere Energy Partners by 180.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after buying an additional 306 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Cheniere Energy Partners by 25.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 924 shares of the company’s stock worth $52,000 after acquiring an additional 188 shares during the period. MAI Capital Management lifted its position in Cheniere Energy Partners by 1,339.3% during the 2nd quarter. MAI Capital Management now owns 1,612 shares of the company’s stock worth $90,000 after acquiring an additional 1,500 shares during the last quarter. MTM Investment Management LLC bought a new stake in Cheniere Energy Partners during the second quarter valued at about $95,000. Finally, CENTRAL TRUST Co grew its position in shares of Cheniere Energy Partners by 203.1% in the third quarter. CENTRAL TRUST Co now owns 1,864 shares of the company’s stock valued at $100,000 after purchasing an additional 1,249 shares during the last quarter. Institutional investors and hedge funds own 46.55% of the company’s stock.

Wall Street Analysts Forecast Growth

CQP has been the subject of several recent analyst reports. Citigroup decreased their target price on Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating for the company in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Cheniere Energy Partners in a research report on Monday, December 29th. Morgan Stanley lowered their price objective on shares of Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Zacks Research cut shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Finally, Bank of America reduced their price target on shares of Cheniere Energy Partners from $53.00 to $51.00 and set an “underperform” rating for the company in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, Cheniere Energy Partners has a consensus rating of “Strong Sell” and a consensus price target of $54.00.

Cheniere Energy Partners Stock Down 1.0%

NYSE CQP opened at $58.89 on Thursday. Cheniere Energy Partners, L.P. has a twelve month low of $49.53 and a twelve month high of $68.42. The stock has a market cap of $28.51 billion, a P/E ratio of 15.34 and a beta of 0.42. The company’s 50-day simple moving average is $56.04 and its 200 day simple moving average is $54.27.

Cheniere Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 9th were paid a $0.775 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $3.10 annualized dividend and a yield of 5.3%. Cheniere Energy Partners’s payout ratio is currently 80.73%.

Cheniere Energy Partners Profile

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.