HighTower Advisors LLC Has $672,000 Stake in Cheniere Energy Partners (NYSE:CQP)

HighTower Advisors LLC lowered its holdings in shares of Cheniere Energy Partners (NYSE:CQPFree Report) by 8.7% during the third quarter, HoldingsChannel reports. The firm owned 13,818 shares of the company’s stock after selling 1,324 shares during the quarter. HighTower Advisors LLC’s holdings in Cheniere Energy Partners were worth $672,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CQP. Larson Financial Group LLC acquired a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $146,000. BIP Wealth LLC bought a new stake in shares of Cheniere Energy Partners during the third quarter worth $244,000. Van ECK Associates Corp acquired a new stake in shares of Cheniere Energy Partners during the third quarter worth $416,000. Rockefeller Capital Management L.P. bought a new stake in Cheniere Energy Partners in the 3rd quarter valued at $866,000. Finally, Empowered Funds LLC boosted its stake in Cheniere Energy Partners by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock worth $1,535,000 after purchasing an additional 1,043 shares during the period. Institutional investors own 46.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CQP. Wells Fargo & Company lifted their price target on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research note on Wednesday. Bank of America began coverage on Cheniere Energy Partners in a research report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 target price on the stock.

Read Our Latest Stock Report on CQP

Cheniere Energy Partners Price Performance

Shares of CQP opened at $51.90 on Friday. The firm has a market capitalization of $25.12 billion, a PE ratio of 11.21 and a beta of 0.73. Cheniere Energy Partners has a 12 month low of $45.51 and a 12 month high of $59.40. The stock’s fifty day simple moving average is $53.00.

Cheniere Energy Partners (NYSE:CQPGet Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. On average, equities research analysts predict that Cheniere Energy Partners will post 4.29 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were paid a $0.035 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.14 dividend on an annualized basis and a yield of 0.27%. Cheniere Energy Partners’s dividend payout ratio is 66.95%.

About Cheniere Energy Partners

(Free Report)

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.

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Institutional Ownership by Quarter for Cheniere Energy Partners (NYSE:CQP)

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