JPMorgan Chase & Co. Has $37.26 Million Stock Holdings in Cheniere Energy Partners (NYSE:CQP)

JPMorgan Chase & Co. increased its position in shares of Cheniere Energy Partners (NYSE:CQP - Free Report) by 21.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 764,858 shares of the company's stock after acquiring an additional 137,477 shares during the period. JPMorgan Chase & Co. owned approximately 0.16% of Cheniere Energy Partners worth $37,264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CQP. Millburn Ridgefield Corp acquired a new position in shares of Cheniere Energy Partners in the 3rd quarter worth approximately $116,000. Larson Financial Group LLC bought a new stake in Cheniere Energy Partners during the third quarter worth approximately $146,000. BIP Wealth LLC acquired a new position in Cheniere Energy Partners in the third quarter worth approximately $244,000. Van ECK Associates Corp bought a new position in shares of Cheniere Energy Partners in the third quarter valued at $416,000. Finally, Blankinship & Foster LLC acquired a new stake in shares of Cheniere Energy Partners during the 3rd quarter valued at $424,000. 46.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Bank of America initiated coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They issued an "underperform" rating and a $46.00 target price on the stock. Wells Fargo & Company boosted their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an "underweight" rating in a report on Wednesday, December 18th.

Cheniere Energy Partners Price Performance

NYSE CQP traded down $0.17 on Tuesday, hitting $55.48. 122,912 shares of the stock were exchanged, compared to its average volume of 159,628. The business's 50-day moving average price is $54.04. Cheniere Energy Partners has a 52-week low of $45.51 and a 52-week high of $59.40. The company has a market cap of $26.85 billion, a P/E ratio of 11.98 and a beta of 0.75.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last posted its quarterly earnings results 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 analyst estimates of $2.06 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The firm's quarterly revenue was down 3.4% on a year-over-year basis. Equities analysts forecast that Cheniere Energy Partners will post 4.29 EPS for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were paid a $0.035 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.14 annualized dividend and a yield of 0.25%. Cheniere Energy Partners's dividend payout ratio is presently 66.95%.

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.