Cheniere Energy Partners (NYSE:CQP) Given New $45.00 Price Target at Barclays

Cheniere Energy Partners (NYSE:CQP) had its price objective lowered by Barclays from $51.00 to $45.00 in a research report sent to investors on Thursday, Benzinga reports. Barclays currently has an underweight rating on the stock.

Separately, Stifel Nicolaus upgraded shares of Cheniere Energy Partners from a sell rating to a hold rating in a research note on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $49.20.

Cheniere Energy Partners Trading Up 4.1 %

Shares of CQP opened at $48.56 on Thursday. The company has a market capitalization of $23.50 billion, a PE ratio of 6.99 and a beta of 0.68. Cheniere Energy Partners has a 12 month low of $43.42 and a 12 month high of $62.34. The business’s 50-day simple moving average is $49.53.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.25. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. On average, analysts expect that Cheniere Energy Partners will post 3.56 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.775 per share. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $3.10 annualized dividend and a dividend yield of 6.38%. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 44.60%.

Institutional Trading of Cheniere Energy Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Powell Investment Advisors LLC increased its holdings in shares of Cheniere Energy Partners by 2.0% in the first quarter. Powell Investment Advisors LLC now owns 16,021 shares of the company’s stock valued at $791,000 after purchasing an additional 316 shares in the last quarter. Hennessy Advisors Inc. increased its holdings in shares of Cheniere Energy Partners by 161.3% in the first quarter. Hennessy Advisors Inc. now owns 24,300 shares of the company’s stock valued at $1,200,000 after purchasing an additional 15,000 shares in the last quarter. Miller Howard Investments Inc. NY increased its holdings in shares of Cheniere Energy Partners by 3.7% in the first quarter. Miller Howard Investments Inc. NY now owns 96,659 shares of the company’s stock valued at $4,774,000 after purchasing an additional 3,434 shares in the last quarter. MADDEN SECURITIES Corp acquired a new stake in shares of Cheniere Energy Partners in the first quarter valued at approximately $507,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of Cheniere Energy Partners in the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Company 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.