Energy Income Partners LLC Sells 89,309 Shares of Cheniere Energy Partners, L.P. $CQP

Energy Income Partners LLC lessened its stake in Cheniere Energy Partners, L.P. (NYSE:CQP) by 5.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,524,213 shares of the company’s stock after selling 89,309 shares during the quarter. Cheniere Energy Partners comprises 1.6% of Energy Income Partners LLC’s holdings, making the stock its 19th largest position. Energy Income Partners LLC’s holdings in Cheniere Energy Partners were worth $98,510,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its position in shares of Cheniere Energy Partners by 68.3% during the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after acquiring an additional 205 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 purchasing an additional 306 shares during the period. Caldwell Trust Co purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter valued at approximately $29,000. First Pacific Financial bought a new position in Cheniere Energy Partners in the first quarter worth approximately $32,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Cheniere Energy Partners in the fourth quarter worth approximately $51,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CQP shares. Weiss Ratings raised Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. increased their price target on Cheniere Energy Partners from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Friday. Barclays raised their price target on Cheniere Energy Partners from $60.00 to $63.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. Finally, Citigroup lifted 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. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cheniere Energy Partners has a consensus rating of “Reduce” and an average target price of $61.00.

Cheniere Energy Partners Price Performance

NYSE CQP opened at $62.88 on Tuesday. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.37 and a current ratio of 0.42. The firm’s 50 day moving average price is $62.50 and its 200-day moving average price is $61.69. Cheniere Energy Partners, L.P. has a 52-week low of $49.53 and a 52-week high of $70.64. The company has a market cap of $30.44 billion, a PE ratio of 14.69 and a beta of 0.31.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($1.03). The business 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 revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 earnings per share. Sell-side analysts forecast that Cheniere Energy Partners, L.P. will post 4.2 EPS for the current fiscal year.

Cheniere Energy Partners 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.