Cheniere Energy Partners (NYSE:CQP) Position Trimmed by Custom Index Systems LLC

Custom Index Systems LLC reduced its holdings in Cheniere Energy Partners (NYSE:CQP) by 20.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 23,488 shares of the company’s stock after selling 6,006 shares during the quarter. Custom Index Systems LLC’s holdings in Cheniere Energy Partners were worth $1,144,000 as of its most recent filing with the SEC.

Cheniere Energy Partners Stock Up 0.6 %

Shares of CQP stock traded up $0.27 during trading hours on Friday, reaching $48.74. The stock had a trading volume of 107,633 shares, compared to its average volume of 162,285. The stock has a market cap of $23.59 billion, a PE ratio of 10.53 and a beta of 0.68. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $62.34.

Cheniere Energy Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.035 per share. The ex-dividend date is Monday, November 4th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.29%. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 66.95%.

Wall Street Analysts Forecast Growth

Separately, Bank of America assumed coverage on shares of Cheniere Energy Partners in a research note on Thursday, October 17th. They set an “underperform” rating and a $46.00 price objective on the stock.

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.