Belpointe Asset Management LLC Has $361,000 Stock Holdings in Cheniere Energy Partners, L.P. $CQP

Belpointe Asset Management LLC trimmed its holdings in Cheniere Energy Partners, L.P. (NYSE:CQP) by 20.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,442 shares of the company’s stock after selling 1,631 shares during the quarter. Belpointe Asset Management LLC’s holdings in Cheniere Energy Partners were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CQP. Alps Advisors Inc. boosted its position in shares of Cheniere Energy Partners by 16.6% in the first quarter. Alps Advisors Inc. now owns 9,019,585 shares of the company’s stock valued at $595,653,000 after acquiring an additional 1,283,564 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cheniere Energy Partners by 24.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,953,675 shares of the company’s stock valued at $195,061,000 after acquiring an additional 575,788 shares during the period. Empowered Funds LLC boosted its position in shares of Cheniere Energy Partners by 139.0% in the first quarter. Empowered Funds LLC now owns 82,511 shares of the company’s stock valued at $5,449,000 after acquiring an additional 47,985 shares during the period. Tortoise Capital Advisors L.L.C. boosted its position in shares of Cheniere Energy Partners by 6.9% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 712,703 shares of the company’s stock valued at $47,067,000 after acquiring an additional 45,870 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Cheniere Energy Partners by 43.2% in the first quarter. LPL Financial LLC now owns 120,393 shares of the company’s stock valued at $7,951,000 after acquiring an additional 36,307 shares during the period. 46.55% of the stock is owned by institutional investors.

Cheniere Energy Partners Price Performance

Shares of CQP stock opened at $51.45 on Friday. The stock has a market cap of $24.90 billion, a P/E ratio of 12.49 and a beta of 0.37. Cheniere Energy Partners, L.P. has a one year low of $47.55 and a one year high of $68.42. The stock has a fifty day moving average price of $53.87 and a 200 day moving average price of $56.51.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.05). Cheniere Energy Partners had a negative return on equity of 503.86% and a net margin of 24.62%.The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.21 billion. The company’s quarterly revenue was up 29.6% compared to the same quarter last year. Equities research analysts anticipate that Cheniere Energy Partners, L.P. will post 4.14 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 8th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 6.4%. The ex-dividend date was Friday, August 8th. Cheniere Energy Partners’s dividend payout ratio is currently 75.24%.

Wall Street Analyst Weigh In

CQP has been the subject of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Cheniere Energy Partners in a research report on Wednesday. Barclays reduced their target price on Cheniere Energy Partners from $56.00 to $55.00 and set an “underweight” rating for the company in a research report on Thursday, August 14th. Wells Fargo & Company reduced their target price on Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating for the company in a research report on Tuesday, August 12th. Finally, Bank of America raised their target price on Cheniere Energy Partners from $50.00 to $53.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 25th. One analyst has rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Cheniere Energy Partners currently has an average rating of “Strong Sell” and an average price target of $54.60.

Cheniere Energy Partners Company 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.