Stifel Financial Corp Has $1.53 Million Stock Position in Cheniere Energy Partners (NYSE:CQP)

Stifel Financial Corp lessened its stake in Cheniere Energy Partners (NYSE:CQP) by 15.0% in the third quarter, HoldingsChannel reports. The firm owned 31,369 shares of the company’s stock after selling 5,543 shares during the period. Stifel Financial Corp’s holdings in Cheniere Energy Partners were worth $1,528,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. acquired a new stake in Cheniere Energy Partners in the third quarter worth $866,000. Van ECK Associates Corp bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at $416,000. Fred Alger Management LLC raised its stake in Cheniere Energy Partners by 12.7% during the 3rd quarter. Fred Alger Management LLC now owns 52,962 shares of the company’s stock worth $2,580,000 after buying an additional 5,969 shares during the period. BIP Wealth LLC acquired a new stake in Cheniere Energy Partners during the 3rd quarter worth $244,000. Finally, Larson Financial Group LLC bought a new position in Cheniere Energy Partners during the third quarter worth about $146,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Trading Up 0.6 %

Shares of NYSE:CQP opened at $52.22 on Friday. The firm has a market capitalization of $25.28 billion, a price-to-earnings ratio of 11.28 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 moving average is $52.98.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.08). The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.06 billion. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. Equities analysts predict that Cheniere Energy Partners will post 4.29 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.