Stratos Wealth Partners LTD. Sells 600 Shares of Cheniere Energy Partners, L.P. $CQP

Stratos Wealth Partners LTD. cut its stake in Cheniere Energy Partners, L.P. (NYSE:CQP) by 9.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,674 shares of the company’s stock after selling 600 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Cheniere Energy Partners were worth $318,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Alps Advisors Inc. raised its holdings 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 worth $595,653,000 after purchasing an additional 1,283,564 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 worth $195,061,000 after acquiring an additional 575,788 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in shares of 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 worth $47,067,000 after acquiring an additional 45,870 shares in the last quarter. LPL Financial LLC increased its stake in shares of Cheniere Energy Partners by 43.2% in the 1st quarter. LPL Financial LLC now owns 120,393 shares of the company’s stock worth $7,951,000 after acquiring an additional 36,307 shares in the last quarter. Finally, Miller Howard Investments Inc. NY increased its stake in shares of 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 worth $5,854,000 after acquiring an additional 281 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Stock Performance

NYSE:CQP opened at $54.26 on Friday. The firm has a market cap of $26.26 billion, a P/E ratio of 13.17 and a beta of 0.37. Cheniere Energy Partners, L.P. has a fifty-two week low of $48.00 and a fifty-two week high of $68.42. The firm has a 50-day simple moving average of $53.29 and a two-hundred day simple moving average of $55.78.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data 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). The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.21 billion. Cheniere Energy Partners had a net margin of 24.62% and a negative return on equity of 503.86%. The business’s quarterly revenue was up 29.6% on a year-over-year basis. On average, equities research analysts predict that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, August 8th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Friday, August 8th. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 75.24%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Barclays decreased 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. Wells Fargo & Company decreased 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Cheniere Energy Partners in a research note on Friday. One analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Sell” and a consensus target price of $54.60.

Cheniere Energy Partners 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.