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

Jane Street Group LLC cut its position in shares of Cheniere Energy Partners (NYSE:CQP) by 90.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings 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 worth $1,535,000 after acquiring an additional 1,043 shares during the period. Millburn Ridgefield Corp acquired a new position in Cheniere Energy Partners in the third quarter worth about $116,000. Larson Financial Group LLC bought a new position in Cheniere Energy Partners during the third quarter worth about $146,000. BIP Wealth LLC acquired a new stake in Cheniere Energy Partners during the third 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. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Price Performance

Shares of NYSE:CQP opened at $55.46 on Friday. The firm has a 50 day moving average price of $53.78. The company 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 52 week low of $45.51 and a 52 week high of $59.40.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.84 earnings per share 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 for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the firm earned $0.84 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, equities analysts forecast that Cheniere Energy Partners will post 4.29 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

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 0.25%. 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

A number of equities analysts have commented on the stock. Bank of America initiated coverage on shares of Cheniere Energy Partners in a research report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price target on the stock. 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 research report on Wednesday, December 18th.

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.