MGO One Seven LLC Sells 297 Shares of Cheniere Energy Partners, L.P. $CQP

MGO One Seven LLC decreased its stake in Cheniere Energy Partners, L.P. (NYSE:CQP) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,286 shares of the company’s stock after selling 297 shares during the period. MGO One Seven LLC’s holdings in Cheniere Energy Partners were worth $296,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. 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 purchasing an additional 1,283,564 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cheniere Energy Partners by 24.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,953,675 shares of the company’s stock valued at $195,061,000 after purchasing an additional 575,788 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in Cheniere Energy Partners by 6.9% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 712,703 shares of the company’s stock valued at $47,067,000 after purchasing an additional 45,870 shares during the last quarter. LPL Financial LLC lifted its stake in Cheniere Energy Partners by 43.2% in the 1st quarter. LPL Financial LLC now owns 120,393 shares of the company’s stock valued at $7,951,000 after purchasing an additional 36,307 shares during the last quarter. Finally, Miller Howard Investments Inc. NY lifted its stake in Cheniere Energy Partners by 0.3% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 104,438 shares of the company’s stock valued at $5,854,000 after purchasing an additional 281 shares during the last quarter. Institutional investors own 46.55% of the company’s stock.

Analyst Upgrades and Downgrades

CQP has been the subject of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Cheniere Energy Partners in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price target on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating for the company in a research note on Tuesday, August 12th. Barclays dropped their price target on shares of Cheniere Energy Partners from $56.00 to $55.00 and set an “underweight” rating for the company in a research note on Thursday, August 14th. Finally, Bank of America raised their price target on shares of Cheniere Energy Partners from $50.00 to $53.00 and gave the company an “underperform” rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Strong Sell” and an average target price of $54.60.

Cheniere Energy Partners Stock Down 1.0%

Shares of NYSE CQP opened at $50.36 on Monday. Cheniere Energy Partners, L.P. has a twelve month low of $47.55 and a twelve month high of $68.42. The firm has a fifty day simple moving average of $53.42 and a 200 day simple moving average of $55.91. The company has a market capitalization of $24.38 billion, a PE ratio of 12.22 and a beta of 0.37.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Thursday, August 7th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.05). Cheniere Energy Partners had a negative return on equity of 503.86% and a net margin of 24.62%.The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.21 billion. Cheniere Energy Partners’s revenue was up 29.6% compared to the same quarter last year. As a group, equities analysts expect that Cheniere Energy Partners, L.P. will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 8th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Friday, August 8th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 75.24%.

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.