Truist Financial Corp Has $229,000 Holdings in Cheniere Energy Partners, L.P. $CQP

Truist Financial Corp cut its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP) by 80.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,283 shares of the company’s stock after selling 17,594 shares during the quarter. Truist Financial Corp’s holdings in Cheniere Energy Partners were worth $229,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CQP. NewEdge Advisors LLC lifted its stake in Cheniere Energy Partners by 3.2% in the first quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock valued at $642,000 after buying an additional 300 shares during the period. Jones Financial Companies Lllp lifted its stake in Cheniere Energy Partners by 1,863.4% in the first quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company’s stock valued at $464,000 after buying an additional 6,671 shares during the period. Creative Planning lifted its stake in Cheniere Energy Partners by 18.4% in the second quarter. Creative Planning now owns 5,326 shares of the company’s stock valued at $299,000 after buying an additional 826 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Cheniere Energy Partners by 180.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock valued at $27,000 after buying an additional 306 shares during the period. Finally, Bank of America Corp DE lifted its stake in Cheniere Energy Partners by 1.2% in the second quarter. Bank of America Corp DE now owns 319,717 shares of the company’s stock valued at $17,920,000 after buying an additional 3,659 shares during the period. 46.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Bank of America boosted their price target on Cheniere Energy Partners from $51.00 to $57.00 and gave the company an “underperform” rating in a research note on Friday, March 20th. Citigroup boosted their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the company a “sell” rating in a report on Thursday, April 2nd. Barclays boosted their price objective on Cheniere Energy Partners from $55.00 to $60.00 and gave the company an “underweight” rating in a report on Friday, February 27th. Weiss Ratings downgraded Cheniere Energy Partners from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Morgan Stanley boosted their price objective on Cheniere Energy Partners from $55.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Cheniere Energy Partners has a consensus rating of “Reduce” and a consensus target price of $60.43.

Cheniere Energy Partners Trading Down 1.8%

NYSE CQP opened at $63.52 on Friday. The company has a market cap of $30.75 billion, a price-to-earnings ratio of 14.84 and a beta of 0.36. Cheniere Energy Partners, L.P. has a 52 week low of $49.53 and a 52 week high of $70.64. The business has a 50 day moving average price of $64.24 and a 200-day moving average price of $58.74. The company has a quick ratio of 0.37, a current ratio of 0.42 and a debt-to-equity ratio of 161.69.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $1.22 by ($1.03). The firm had revenue of $3.60 billion for the quarter. Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. As a group, equities analysts expect that Cheniere Energy Partners, L.P. will post 4.17 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were issued a dividend of $0.775 per share. The ex-dividend date was Friday, May 8th. This represents a $3.10 annualized dividend and a yield of 4.9%. Cheniere Energy Partners’s dividend payout ratio is 72.43%.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.