Cheniere Energy Partners, L.P. (NYSE:CQP) Shares Sold by Brookstone Capital Management

Brookstone Capital Management reduced its position in Cheniere Energy Partners, L.P. (NYSE:CQP) by 12.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,041 shares of the company’s stock after selling 699 shares during the period. Brookstone Capital Management’s holdings in Cheniere Energy Partners were worth $249,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baystate Wealth Management LLC acquired a new position in Cheniere Energy Partners during the 4th quarter worth approximately $25,000. Creekmur Asset Management LLC acquired a new position in Cheniere Energy Partners during the 4th quarter worth approximately $25,000. Lee Financial Co lifted its position in Cheniere Energy Partners by 535.9% during the 4th quarter. Lee Financial Co now owns 1,170 shares of the company’s stock worth $58,000 after acquiring an additional 986 shares in the last quarter. Global Retirement Partners LLC lifted its position in Cheniere Energy Partners by 34.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,388 shares of the company’s stock worth $72,000 after acquiring an additional 353 shares in the last quarter. Finally, BIP Wealth LLC acquired a new position in Cheniere Energy Partners during the 4th quarter worth approximately $249,000. 46.55% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Partners Stock Performance

Shares of CQP opened at $49.30 on Wednesday. The company has a market cap of $23.86 billion, a P/E ratio of 10.65 and a beta of 0.69. The stock’s fifty day moving average is $48.68. Cheniere Energy Partners, L.P. has a 12 month low of $45.51 and a 12 month high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Friday, May 3rd. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $1.90 billion. Cheniere Energy Partners had a negative return on equity of 275.07% and a net margin of 33.19%. The firm’s revenue was down 21.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.50 EPS. Equities analysts predict that Cheniere Energy Partners, L.P. will post 4.61 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 9th were given a dividend of $0.775 per share. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $3.10 dividend on an annualized basis and a yield of 6.29%. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 66.95%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CQP shares. Barclays dropped their price objective on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating on the stock in a report on Thursday, April 18th. Sanford C. Bernstein started coverage on Cheniere Energy Partners in a report on Monday, June 24th. They set a “market perform” rating on the stock. Finally, UBS Group dropped their price objective on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $49.00.

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.