Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) has received a consensus rating of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $37.06.
Several research analysts have commented on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $44.00 target price on shares of Cheniere Energy Partners in a report on Thursday, March 18th. Scotiabank downgraded Cheniere Energy Partners from an “outperform” rating to a “sector perform” rating in a report on Monday, February 1st.
Shares of CQP traded down $0.21 during midday trading on Monday, hitting $41.36. The company’s stock had a trading volume of 63,872 shares, compared to its average volume of 203,659. Cheniere Energy Partners has a one year low of $28.50 and a one year high of $44.63. The company’s fifty day simple moving average is $34.78 and its two-hundred day simple moving average is $36.11. The company has a quick ratio of 2.31, a current ratio of 2.45 and a debt-to-equity ratio of 36.76. The stock has a market capitalization of $20.02 billion, a price-to-earnings ratio of 17.16 and a beta of 1.10.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 12th. Stockholders of record on Monday, February 8th were issued a $0.655 dividend. The ex-dividend date of this dividend was Friday, February 5th. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.65. This represents a $2.62 annualized dividend and a dividend yield of 6.33%. Cheniere Energy Partners’s dividend payout ratio is currently 116.44%.
In other news, major shareholder Gso Holdings I. Llc sold 2,370,632 shares of the company’s stock in a transaction that occurred on Wednesday, March 24th. The stock was sold at an average price of $37.00, for a total value of $87,713,384.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
A number of institutional investors have recently bought and sold shares of the stock. Covenant Asset Management LLC purchased a new position in Cheniere Energy Partners in the first quarter valued at approximately $283,000. Wambolt & Associates LLC lifted its stake in Cheniere Energy Partners by 8.3% in the first quarter. Wambolt & Associates LLC now owns 14,578 shares of the energy company’s stock valued at $617,000 after purchasing an additional 1,118 shares during the last quarter. Clarus Group Inc. purchased a new position in Cheniere Energy Partners in the first quarter valued at approximately $145,000. JPMorgan Chase & Co. lifted its stake in Cheniere Energy Partners by 32.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,565,199 shares of the energy company’s stock valued at $55,173,000 after purchasing an additional 387,291 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in Cheniere Energy Partners by 33.2% in the fourth quarter. Truist Financial Corp now owns 28,456 shares of the energy company’s stock valued at $1,003,000 after purchasing an additional 7,094 shares during the last quarter. Institutional investors and hedge funds own 46.56% of the company’s stock.
About Cheniere Energy Partners
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels with capacity of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day.
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