U.S. Capital Wealth Advisors LLC Has $667,000 Stock Position in Cheniere Energy Partners, L.P. (NYSE:CQP)

U.S. Capital Wealth Advisors LLC cut its stake in shares of Cheniere Energy Partners, L.P. (NYSE:CQP) by 37.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,592 shares of the company’s stock after selling 8,095 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Cheniere Energy Partners were worth $667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. lifted its holdings in shares of Cheniere Energy Partners by 2.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 8,130 shares of the company’s stock valued at $405,000 after purchasing an additional 210 shares in the last quarter. Covenant Asset Management LLC increased its position in Cheniere Energy Partners by 3.5% during the first quarter. Covenant Asset Management LLC now owns 7,295 shares of the company’s stock worth $360,000 after buying an additional 245 shares during the last quarter. Granite Group Advisors LLC raised its stake in Cheniere Energy Partners by 5.2% in the 1st quarter. Granite Group Advisors LLC now owns 5,185 shares of the company’s stock valued at $256,000 after acquiring an additional 257 shares during the period. Powell Investment Advisors LLC lifted its stake in shares of Cheniere Energy Partners by 1.7% during the 4th quarter. Powell Investment Advisors LLC now owns 15,705 shares of the company’s stock worth $782,000 after buying an additional 269 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in Cheniere Energy Partners by 21.8% during the first quarter. Global Retirement Partners LLC now owns 1,691 shares of the company’s stock worth $84,000 after acquiring an additional 303 shares during the last quarter. Institutional investors own 46.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CQP shares. Sanford C. Bernstein started coverage on Cheniere Energy Partners in a report on Monday, June 24th. They set a “market perform” rating for the company. UBS Group dropped their target price on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Finally, Barclays upped their price target on shares of Cheniere Energy Partners from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $49.25.

Cheniere Energy Partners Price Performance

Shares of CQP stock traded down $0.93 on Friday, reaching $47.51. The company had a trading volume of 218,146 shares, compared to its average volume of 179,028. Cheniere Energy Partners, L.P. has a one year low of $45.51 and a one year high of $62.34. The firm has a market capitalization of $23.00 billion, a PE ratio of 10.47 and a beta of 0.69. The firm has a 50-day simple moving average of $50.03.

Cheniere Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th will be issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date of this dividend is Wednesday, August 7th. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.62. Cheniere Energy Partners’s dividend payout ratio (DPR) is 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.