Brokerages Set Cheniere Energy Partners, L.P. (NYSE:CQP) Target Price at $54.20

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have been given a consensus recommendation of “Strong Sell” by the six ratings firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a sell recommendation and one has issued a hold recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $54.20.

CQP has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cheniere Energy Partners in a research note on Monday. Bank of America dropped their price target on shares of Cheniere Energy Partners from $53.00 to $51.00 and set an “underperform” rating on the stock in a research report on Thursday, December 11th.

Cheniere Energy Partners Stock Down 0.2%

Shares of CQP opened at $53.23 on Wednesday. The company has a market capitalization of $25.76 billion, a price-to-earnings ratio of 13.86 and a beta of 0.37. Cheniere Energy Partners has a 52 week low of $49.53 and a 52 week high of $68.42. The stock’s 50-day moving average price is $53.03 and its 200-day moving average price is $54.22.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.21). Cheniere Energy Partners had a net margin of 22.54% and a negative return on equity of 591.00%. The company had revenue of $2.40 billion for the quarter. During the same period in the prior year, the company posted $1.08 EPS. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts anticipate that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were given a dividend of $0.775 per share. The ex-dividend date was Friday, November 7th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.8%. Cheniere Energy Partners’s dividend payout ratio (DPR) is 80.73%.

Hedge Funds Weigh In On Cheniere Energy Partners

A number of hedge funds have recently bought and sold shares of the business. Ameritas Advisory Services LLC purchased a new stake in shares of Cheniere Energy Partners in the second quarter valued at approximately $26,000. Larson Financial Group LLC grew its stake in Cheniere Energy Partners by 68.3% in the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after acquiring an additional 205 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Cheniere Energy Partners by 180.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after acquiring an additional 306 shares in the last quarter. Gables Capital Management Inc. acquired a new position in Cheniere Energy Partners during the second quarter worth $34,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Cheniere Energy Partners by 25.5% during the second quarter. Parkside Financial Bank & Trust now owns 924 shares of the company’s stock valued at $52,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.