Cheniere Energy Partners, L.P. (NYSE:CQP) Stock Has Consensus Price Target of $62.00

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have received an average rating of “Reduce” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $62.00.

CQP has been the topic of a number of research reports. Barclays boosted their price objective on Cheniere Energy Partners from $63.00 to $66.00 and gave the stock an “underweight” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their price target on Cheniere Energy Partners from $64.00 to $65.00 and gave the company an “underweight” rating in a research note on Friday, September 4th. Weiss Ratings upgraded shares of Cheniere Energy Partners from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada raised their price objective on shares of Cheniere Energy Partners from $62.00 to $65.00 and gave the company a “sector perform” rating in a report on Monday, August 24th.

Hedge Funds Weigh In On Cheniere Energy Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its holdings in Cheniere Energy Partners by 5.5% in the second quarter. Envestnet Asset Management Inc. now owns 25,987 shares of the company’s stock valued at $1,584,000 after purchasing an additional 1,361 shares during the period. Compass Financial Management LLC bought a new position in Cheniere Energy Partners during the 2nd quarter worth $79,000. NEOS Investment Management LLC lifted its holdings in Cheniere Energy Partners by 39.4% during the 2nd quarter. NEOS Investment Management LLC now owns 352,339 shares of the company’s stock worth $21,475,000 after buying an additional 99,542 shares during the period. Two Sigma Securities LLC lifted its holdings in Cheniere Energy Partners by 7.0% during the 2nd quarter. Two Sigma Securities LLC now owns 4,288 shares of the company’s stock worth $261,000 after buying an additional 279 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Cheniere Energy Partners by 18.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,424 shares of the company’s stock worth $270,000 after buying an additional 680 shares during the period. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Stock Performance

Shares of Cheniere Energy Partners stock opened at $62.34 on Tuesday. The company’s 50 day moving average price is $66.21 and its two-hundred day moving average price is $64.23. The firm has a market capitalization of $30.18 billion, a P/E ratio of 14.75 and a beta of 0.34. Cheniere Energy Partners has a fifty-two week low of $49.53 and a fifty-two week high of $71.25. The company has a debt-to-equity ratio of 19.01, a current ratio of 1.22 and a quick ratio of 1.09.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $1.13. Cheniere Energy Partners had a net margin of 27.31% and a return on equity of 1,121.60%. The company had revenue of $2.58 billion during the quarter. During the same quarter last year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts forecast that Cheniere Energy Partners will post 4.41 earnings per share for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were issued a dividend of $0.7750 per share. This represents a $3.10 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Friday, August 7th. Cheniere Energy Partners’s payout ratio is presently 56.26%.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. (NYSE:CQP) is a publicly traded limited partnership engaged in the development, ownership and operation of liquefied natural gas (LNG) infrastructure. The partnership’s principal business is the production and export of LNG from facilities located on the U.S. Gulf Coast.

Cheniere Energy Partners owns and operates the Sabine Pass LNG facilities in Cameron Parish, Louisiana, including LNG liquefaction and export infrastructure. It also has interests in the Corpus Christi LNG facilities near Corpus Christi, Texas.