US Bancorp DE Has $239,000 Stock Holdings in Cheniere Energy Partners (NYSE:CQP)

US Bancorp DE cut its stake in shares of Cheniere Energy Partners (NYSE:CQP) by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,500 shares of the company’s stock after selling 1,100 shares during the period. US Bancorp DE’s holdings in Cheniere Energy Partners were worth $239,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Cheniere Energy Partners by 21.9% in the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock valued at $37,264,000 after buying an additional 137,477 shares during the period. Miller Howard Investments Inc. NY raised its stake in Cheniere Energy Partners by 1.6% in the fourth quarter. Miller Howard Investments Inc. NY now owns 102,122 shares of the company’s stock valued at $5,425,000 after buying an additional 1,571 shares during the period. Mediolanum International Funds Ltd raised its stake in Cheniere Energy Partners by 59.4% in the fourth quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company’s stock valued at $5,126,000 after buying an additional 35,954 shares during the period. Fred Alger Management LLC raised its stake in Cheniere Energy Partners by 12.7% in the third quarter. Fred Alger Management LLC now owns 52,962 shares of the company’s stock valued at $2,580,000 after buying an additional 5,969 shares during the period. Finally, Empowered Funds LLC raised its stake in Cheniere Energy Partners by 9.6% in the fourth quarter. Empowered Funds LLC now owns 34,526 shares of the company’s stock valued at $1,834,000 after buying an additional 3,012 shares during the period. 46.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on CQP. Stifel Nicolaus lowered Cheniere Energy Partners from a “hold” rating to a “sell” rating and upped their price objective for the company from $50.00 to $51.00 in a research note on Friday, February 21st. Wells Fargo & Company upped their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research note on Wednesday, December 18th. Finally, Barclays upped their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th.

Cheniere Energy Partners Stock Performance

Shares of NYSE CQP opened at $63.81 on Friday. The company has a market capitalization of $30.89 billion, a price-to-earnings ratio of 14.98 and a beta of 0.70. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $68.30. The business’s 50 day moving average price is $61.72.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.37 billion. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. On average, research analysts predict that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were given a dividend of $0.775 per share. The ex-dividend date was Monday, February 10th. This represents a $3.10 dividend on an annualized basis and a yield of 4.86%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s dividend payout ratio is currently 72.77%.

Cheniere Energy Partners Company 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.