Texas Yale Capital Corp. Decreases Position in Cheniere Energy Partners, L.P. $CQP

Texas Yale Capital Corp. decreased its stake in Cheniere Energy Partners, L.P. (NYSE:CQP) by 37.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,345 shares of the company’s stock after selling 19,365 shares during the quarter. Texas Yale Capital Corp.’s holdings in Cheniere Energy Partners were worth $1,813,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Ameritas Advisory Services LLC bought a new stake in Cheniere Energy Partners in the second quarter worth $26,000. Gables Capital Management Inc. bought a new position in Cheniere Energy Partners during the second quarter valued at $34,000. Montag A & Associates Inc. purchased a new stake in shares of Cheniere Energy Partners in the first quarter valued at $53,000. Chung Wu Investment Group LLC bought a new stake in shares of Cheniere Energy Partners in the 2nd quarter worth about $56,000. Finally, SVB Wealth LLC bought a new stake in shares of Cheniere Energy Partners in the 1st quarter worth about $69,000. Institutional investors own 46.55% of the company’s stock.

Analysts Set New Price Targets

CQP has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Cheniere Energy Partners in a research report on Wednesday, October 8th. Barclays cut their target price on Cheniere Energy Partners from $56.00 to $55.00 and set an “underweight” rating on the stock in a research note on Thursday, August 14th. Finally, Wells Fargo & Company reduced their price target on Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, August 12th. One equities 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, Cheniere Energy Partners currently has an average rating of “Strong Sell” and an average price target of $54.60.

Cheniere Energy Partners Stock Performance

NYSE:CQP opened at $50.76 on Friday. The firm has a 50-day simple moving average of $52.91 and a 200-day simple moving average of $55.29. Cheniere Energy Partners, L.P. has a one year low of $49.26 and a one year high of $68.42. The firm has a market cap of $24.57 billion, a P/E ratio of 12.32 and a beta of 0.40.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.05). The business 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 company’s revenue was up 29.6% compared to the same quarter last year. On average, research analysts predict that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, November 7th will be given a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, November 7th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 80.73%.

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.