Infrastructure Capital Advisors LLC Sells 43,732 Shares of Cheniere Energy Partners (NYSE:CQP)

Infrastructure Capital Advisors LLC decreased its holdings in Cheniere Energy Partners (NYSE:CQP) by 9.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 427,203 shares of the company’s stock after selling 43,732 shares during the quarter. Cheniere Energy Partners makes up 2.8% of Infrastructure Capital Advisors LLC’s portfolio, making the stock its 10th biggest position. Infrastructure Capital Advisors LLC’s holdings in Cheniere Energy Partners were worth $20,813,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp bought a new stake in Cheniere Energy Partners in the third quarter valued at about $416,000. Empowered Funds LLC increased its holdings in Cheniere Energy Partners by 3.4% in the third quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock valued at $1,535,000 after buying an additional 1,043 shares during the last quarter. BIP Wealth LLC bought a new stake in Cheniere Energy Partners in the third quarter valued at about $244,000. Finally, Larson Financial Group LLC bought a new stake in Cheniere Energy Partners in the third quarter valued at about $146,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America initiated coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price objective for the company.

Cheniere Energy Partners Price Performance

NYSE:CQP opened at $57.04 on Friday. The company has a market cap of $27.61 billion, a PE ratio of 12.32 and a beta of 0.67. Cheniere Energy Partners has a 52 week low of $45.51 and a 52 week high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Thursday, October 31st. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.08). The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. Equities research analysts anticipate that Cheniere Energy Partners will post 4.29 EPS for the current year.

Cheniere Energy Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 66.95%.

Cheniere Energy Partners Profile

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.