JPMorgan Chase & Co. Sells 161,213 Shares of Cheniere Energy Partners (NYSE:CQP)

JPMorgan Chase & Co. cut its holdings in Cheniere Energy Partners (NYSE:CQP - Free Report) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 603,645 shares of the company's stock after selling 161,213 shares during the period. JPMorgan Chase & Co. owned approximately 0.12% of Cheniere Energy Partners worth $32,066,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CQP. U.S. Capital Wealth Advisors LLC lifted its position in shares of Cheniere Energy Partners by 48.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 20,148 shares of the company's stock worth $1,070,000 after buying an additional 6,541 shares during the last quarter. Blankinship & Foster LLC acquired a new stake in Cheniere Energy Partners in the 3rd quarter worth approximately $424,000. Atria Wealth Solutions Inc. boosted its position in Cheniere Energy Partners by 118.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 19,681 shares of the company's stock worth $1,045,000 after purchasing an additional 10,683 shares during the period. Corps Capital Advisors LLC acquired a new position in Cheniere Energy Partners during the fourth quarter valued at approximately $499,000. Finally, MorganRosel Wealth Management LLC bought a new position in shares of Cheniere Energy Partners in the fourth quarter valued at approximately $876,000. 46.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on CQP shares. Wells Fargo & Company upped their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an "underweight" rating in a report on Wednesday, December 18th. Stifel Nicolaus lowered shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and boosted their target price for the stock from $50.00 to $51.00 in a research report on Friday, February 21st. Finally, Barclays raised their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, January 16th.

Cheniere Energy Partners Stock Up 2.0 %

CQP stock traded up $1.12 on Friday, reaching $58.15. 115,999 shares of the company were exchanged, compared to its average volume of 172,235. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of 13.65 and a beta of 0.57. Cheniere Energy Partners has a 12 month low of $45.51 and a 12 month high of $68.42. The company has a fifty day simple moving average of $62.62.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last posted 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). Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.37 billion. On average, sell-side analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were given a $0.775 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.33%. This is an increase from Cheniere Energy Partners's previous quarterly dividend of $0.04. Cheniere Energy Partners's dividend payout ratio (DPR) is currently 72.77%.

About Cheniere Energy Partners

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.