Jane Street Group LLC Sells 135,383 Shares of Cheniere Energy Partners (NYSE:CQP)

Jane Street Group LLC decreased its stake in shares of Cheniere Energy Partners (NYSE:CQP) by 90.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,082 shares of the company’s stock after selling 135,383 shares during the quarter. Jane Street Group LLC’s holdings in Cheniere Energy Partners were worth $686,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fred Alger Management LLC lifted its stake in Cheniere Energy Partners by 12.7% in the 3rd quarter. Fred Alger Management LLC now owns 52,962 shares of the company’s stock valued at $2,580,000 after purchasing an additional 5,969 shares during the last quarter. Empowered Funds LLC raised its stake in Cheniere Energy Partners by 3.4% in the third quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock valued at $1,535,000 after buying an additional 1,043 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of Cheniere Energy Partners in the third quarter valued at approximately $1,286,000. Rockefeller Capital Management L.P. bought a new position in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $866,000. Finally, Van ECK Associates Corp acquired a new position in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $416,000. Institutional investors own 46.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their price target on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th. Bank of America started coverage on shares of 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 Stock Down 0.3 %

Cheniere Energy Partners stock opened at $55.46 on Friday. The firm has a market capitalization of $26.85 billion, a P/E ratio of 11.98 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 company has a 50 day moving average price of $53.78.

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 the consensus estimate 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 quarter last year, the firm earned $0.84 earnings per share. Sell-side analysts predict that Cheniere Energy Partners will post 4.29 EPS for the current year.

Cheniere Energy Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio is 66.95%.

About Cheniere Energy Partners

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.