Global Retirement Partners LLC Sells 1,204 Shares of Cheniere Energy Partners (NYSE:CQP)

Global Retirement Partners LLC lowered its holdings in shares of Cheniere Energy Partners (NYSE:CQP) by 57.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 900 shares of the company’s stock after selling 1,204 shares during the period. Global Retirement Partners LLC’s holdings in Cheniere Energy Partners were worth $48,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC boosted its position in shares of Cheniere Energy Partners by 48.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 20,148 shares of the company’s stock valued at $1,070,000 after acquiring an additional 6,541 shares in the last quarter. Blankinship & Foster LLC bought a new position in Cheniere Energy Partners during the third quarter worth about $424,000. JPMorgan Chase & Co. boosted its holdings in Cheniere Energy Partners by 21.9% during the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock valued at $37,264,000 after purchasing an additional 137,477 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Cheniere Energy Partners by 118.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 19,681 shares of the company’s stock valued at $1,045,000 after purchasing an additional 10,683 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at approximately $866,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Up 2.2 %

Shares of CQP opened at $67.62 on Friday. The firm has a market cap of $32.73 billion, a P/E ratio of 15.87 and a beta of 0.76. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $67.94. The stock has a 50 day simple moving average of $59.99.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.37 billion. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. Sell-side analysts anticipate that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.58%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, February 10th. Cheniere Energy Partners’s payout ratio is currently 72.77%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CQP. Stifel Nicolaus downgraded Cheniere Energy Partners from a “hold” rating to a “sell” rating and raised their target price for the stock from $50.00 to $51.00 in a research report on Friday, February 21st. Barclays lifted their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company boosted their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research note 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.