Stifel Financial Corp Sells 5,543 Shares of Cheniere Energy Partners (NYSE:CQP)

Stifel Financial Corp lowered its holdings in shares of Cheniere Energy Partners (NYSE:CQP) by 15.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Empowered Funds LLC boosted its position in shares of Cheniere Energy Partners by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock valued at $1,535,000 after acquiring an additional 1,043 shares in the last quarter. Millburn Ridgefield Corp bought a new position in Cheniere Energy Partners during the third quarter worth about $116,000. Larson Financial Group LLC acquired a new stake in Cheniere Energy Partners during the third quarter valued at approximately $146,000. BIP Wealth LLC bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at approximately $244,000. Finally, Fred Alger Management LLC grew its stake in shares of 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 period. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Up 0.6 %

NYSE:CQP opened at $52.22 on Friday. The company has a market capitalization of $25.28 billion, a PE ratio of 11.28 and a beta of 0.73. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $59.40. The firm has a 50 day moving average price of $52.98.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data 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). Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, analysts anticipate that Cheniere Energy Partners will post 4.29 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio is presently 66.95%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wells Fargo & Company boosted 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 assumed coverage on shares of Cheniere Energy Partners in a research note on Thursday, October 17th. They issued an “underperform” rating and a $46.00 target price on the stock.

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.