US Bancorp DE Acquires 1,079 Shares of Cheniere Energy Partners LP (CQP)

US Bancorp DE raised its position in shares of Cheniere Energy Partners LP (NYSE:CQP) by 3.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 30,699 shares of the company’s stock after buying an additional 1,079 shares during the period. US Bancorp DE’s holdings in Cheniere Energy Partners were worth $995,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp acquired a new position in shares of Cheniere Energy Partners during the first quarter worth $185,000. Investment House LLC acquired a new position in shares of Cheniere Energy Partners during the first quarter worth $217,000. Stifel Financial Corp boosted its position in shares of Cheniere Energy Partners by 42.0% in the first quarter. Stifel Financial Corp now owns 10,652 shares of the company’s stock worth $343,000 after buying an additional 3,152 shares during the period. Alliancebernstein L.P. boosted its position in shares of Cheniere Energy Partners by 40.6% in the first quarter. Alliancebernstein L.P. now owns 10,748 shares of the company’s stock worth $347,000 after buying an additional 3,104 shares during the period. Finally, Global X Management Co. LLC boosted its position in shares of Cheniere Energy Partners by 3.0% in the first quarter. Global X Management Co. LLC now owns 13,864 shares of the company’s stock worth $448,000 after buying an additional 408 shares during the period.

Cheniere Energy Partners LP (NYSE:CQP) traded down 0.0222% on Thursday, hitting $28.3637. 87,714 shares of the stock were exchanged. The company’s 50 day moving average price is $30.66 and its 200-day moving average price is $31.45. The company’s market cap is $9.58 billion. Cheniere Energy Partners LP has a one year low of $25.97 and a one year high of $33.47.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Tuesday, August 8th. The company reported ($3.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $4.19. The company had revenue of $992 million for the quarter, compared to the consensus estimate of $771.91 million. Cheniere Energy Partners had a return on equity of 42.56% and a net margin of 5.27%. Equities research analysts predict that Cheniere Energy Partners LP will post $2.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Tuesday, August 1st will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $1.70 dividend on an annualized basis and a yield of 5.99%.

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A number of brokerages have weighed in on CQP. Zacks Investment Research raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Scotiabank set a $34.00 target price on shares of Cheniere Energy Partners and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Morgan Stanley cut shares of 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. Barclays PLC reissued an “overweight” rating and set a $34.00 target price (up from $32.00) on shares of Cheniere Energy Partners in a research report on Wednesday, April 19th. Finally, Sanford C. Bernstein assumed coverage on shares of Cheniere Energy Partners in a research report on Tuesday, May 16th. They set a “positive” rating and a $38.00 target price on the stock. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company 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.

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

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