Cheniere Energy Partners (NYSE:CQP) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its position in shares of Cheniere Energy Partners (NYSE:CQP - Free Report) by 49.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,825 shares of the company's stock after selling 19,708 shares during the quarter. BNP Paribas Financial Markets' holdings in Cheniere Energy Partners were worth $966,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CQP. Larson Financial Group LLC bought a new position in Cheniere Energy Partners during the 3rd quarter worth approximately $146,000. BIP Wealth LLC bought a new position in Cheniere Energy Partners during the 3rd quarter worth approximately $244,000. Van ECK Associates Corp bought a new position in Cheniere Energy Partners during the 3rd quarter worth approximately $416,000. Finally, Empowered Funds LLC grew its position in 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 last quarter. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Trading Up 0.6 %

NYSE CQP traded up $0.31 on Wednesday, reaching $56.85. 130,182 shares of the stock were exchanged, compared to its average volume of 162,241. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $59.40. The stock has a market cap of $27.52 billion, a price-to-earnings ratio of 12.23 and a beta of 0.73.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its earnings results 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 negative return on equity of 328.60% and a net margin of 31.28%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the firm posted $0.84 earnings per share. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. Sell-side analysts forecast that Cheniere Energy Partners will post 4.29 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were given a dividend of $0.035 per share. 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 dividend payout ratio is currently 66.95%.

Wall Street Analyst Weigh In

Separately, Bank of America began coverage on Cheniere Energy Partners in a research note on Thursday, October 17th. They set an "underperform" rating and a $46.00 price objective for the company.

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.