Cheniere Energy Partners, L.P. (NYSE:CQP) Receives $60.43 Average PT from Brokerages

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have received a consensus recommendation of “Strong Sell” from the nine research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $60.4286.

CQP has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating on the stock in a research note on Friday, March 13th. Citigroup upped their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company a “sell” rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. lifted their price target on shares of Cheniere Energy Partners from $57.00 to $63.00 and gave the stock an “underweight” rating in a research note on Friday, March 27th. Royal Bank Of Canada upped their price objective on Cheniere Energy Partners from $58.00 to $62.00 and gave the company a “sector perform” rating in a research note on Friday, March 6th. Finally, Zacks Research raised shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in shares of Cheniere Energy Partners by 3.2% in the first quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock valued at $642,000 after buying an additional 300 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Cheniere Energy Partners by 1,863.4% during the 1st quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company’s stock valued at $464,000 after buying an additional 6,671 shares during the last quarter. Creative Planning boosted its holdings in Cheniere Energy Partners by 18.4% in the second quarter. Creative Planning now owns 5,326 shares of the company’s stock worth $299,000 after purchasing an additional 826 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Cheniere Energy Partners by 180.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after buying an additional 306 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Cheniere Energy Partners by 1.2% during the 2nd quarter. Bank of America Corp DE now owns 319,717 shares of the company’s stock worth $17,920,000 after purchasing an additional 3,659 shares during the last quarter. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Trading Down 3.6%

Shares of CQP opened at $63.35 on Wednesday. The firm’s 50-day moving average is $63.39 and its two-hundred day moving average is $59.87. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 161.69. The firm has a market capitalization of $30.66 billion, a P/E ratio of 14.80 and a beta of 0.32. Cheniere Energy Partners has a twelve month low of $49.53 and a twelve month high of $70.64.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($1.03). The firm had revenue of $3.60 billion for the quarter. Cheniere Energy Partners had a negative return on equity of 4,929.80% and a net margin of 22.27%.The firm’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. On average, research analysts predict that Cheniere Energy Partners will post 4.19 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were issued a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, May 8th. Cheniere Energy Partners’s payout ratio is 72.43%.

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.