Cheniere Energy Partners LP (CQP) Stake Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its position in Cheniere Energy Partners LP (NYSE:CQP) by 6.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,970 shares of the company’s stock after buying an additional 975 shares during the period. Ameriprise Financial Inc.’s holdings in Cheniere Energy Partners were worth $516,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CQP. Advisors Asset Management Inc. increased its stake in Cheniere Energy Partners by 59.2% in the first quarter. Advisors Asset Management Inc. now owns 78,287 shares of the company’s stock worth $2,529,000 after buying an additional 29,115 shares during the last quarter. US Bancorp DE increased its stake in Cheniere Energy Partners by 1,695.2% in the first quarter. US Bancorp DE now owns 29,620 shares of the company’s stock worth $956,000 after buying an additional 27,970 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Cheniere Energy Partners by 9.4% in the first quarter. Bank of New York Mellon Corp now owns 55,989 shares of the company’s stock worth $1,808,000 after buying an additional 4,790 shares during the last quarter. First Trust Advisors LP increased its position in Cheniere Energy Partners by 5.6% in the first quarter. First Trust Advisors LP now owns 252,517 shares of the company’s stock valued at $8,159,000 after buying an additional 13,407 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Cheniere Energy Partners by 5.6% in the first quarter. Jennison Associates LLC now owns 1,215,027 shares of the company’s stock valued at $39,258,000 after buying an additional 64,815 shares in the last quarter.

Shares of Cheniere Energy Partners LP (NYSE CQP) traded up 0.32% during trading on Wednesday, reaching $28.16. The company’s stock had a trading volume of 132,844 shares. Cheniere Energy Partners LP has a 1-year low of $25.97 and a 1-year high of $33.47. The company’s market capitalization is $9.51 billion. The stock has a 50 day moving average of $30.39 and a 200-day moving average of $31.41.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($3.71) EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $4.19. Cheniere Energy Partners had a return on equity of 39.76% and a net margin of 4.64%. The company had revenue of $992 million for the quarter, compared to analysts’ expectations of $771.91 million. On average, analysts expect that Cheniere Energy Partners LP will post $2.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Tuesday, August 1st were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.70 dividend on an annualized basis and a yield of 6.04%.

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CQP has been the topic of several analyst reports. Scotiabank set a $34.00 target price on Cheniere Energy Partners and gave the company a “hold” rating in a research report on Saturday, July 22nd. Zacks Investment Research downgraded Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 13th. TheStreet downgraded Cheniere Energy Partners from a “b-” rating to a “c+” rating in a research report on Friday, May 5th. Barclays PLC reissued an “overweight” rating and set a $34.00 target price (up previously from $32.00) on shares of Cheniere Energy Partners in a research report on Wednesday, April 19th. Finally, Morgan Stanley downgraded Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $33.00 target price on the stock. in a research report on Tuesday, June 13th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.00.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.

Institutional Ownership by Quarter for Cheniere Energy Partners (NYSE:CQP)

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