Analysts Set Cheniere Energy Partners, L.P. (NYSE:CQP) PT at $54.83

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have received a consensus recommendation of “Strong Sell” from the nine research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $55.8571.

Several research firms have weighed in on CQP. Weiss Ratings raised shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 25th. Morgan Stanley cut their price objective on Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 24th. Citigroup reduced their target price on Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating on the stock in a research note on Monday, January 12th. Barclays increased their target price on Cheniere Energy Partners from $55.00 to $60.00 and gave the company an “underweight” rating in a report on Friday, February 27th. Finally, Zacks Research downgraded Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th.

Cheniere Energy Partners Stock Performance

Shares of CQP opened at $63.00 on Monday. The company’s 50 day simple moving average is $57.28 and its 200-day simple moving average is $54.70. Cheniere Energy Partners has a 12-month low of $49.53 and a 12-month high of $68.42. The firm has a market cap of $30.50 billion, a PE ratio of 12.19 and a beta of 0.40. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 34.21.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $1.27. Cheniere Energy Partners had a negative return on equity of 1,446.48% and a net margin of 27.76%.The company had revenue of $2.91 billion during the quarter. During the same period in the previous year, the business posted $1.05 earnings per share. The firm’s revenue was up 18.3% compared to the same quarter last year. As a group, equities analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 9th were given a $0.775 dividend. 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 Monday, February 9th. Cheniere Energy Partners’s payout ratio is currently 59.96%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Hussman Strategic Advisors Inc. acquired a new position in shares of Cheniere Energy Partners during the third quarter worth $1,130,000. Alps Advisors Inc. grew its holdings in Cheniere Energy Partners by 2.3% during the 3rd quarter. Alps Advisors Inc. now owns 9,001,996 shares of the company’s stock valued at $484,487,000 after purchasing an additional 206,306 shares in the last quarter. Disciplined Investors L.L.C. increased its stake in Cheniere Energy Partners by 174.0% during the 2nd quarter. Disciplined Investors L.L.C. now owns 8,446 shares of the company’s stock worth $473,000 after buying an additional 5,364 shares during the period. Mediolanum International Funds Ltd increased its stake in Cheniere Energy Partners by 67.7% during the 2nd quarter. Mediolanum International Funds Ltd now owns 31,037 shares of the company’s stock worth $1,740,000 after buying an additional 12,526 shares during the period. Finally, Energy Income Partners LLC lifted its holdings in Cheniere Energy Partners by 4.3% in the 2nd quarter. Energy Income Partners LLC now owns 1,016,265 shares of the company’s stock worth $56,962,000 after buying an additional 41,707 shares in the last quarter. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

About Cheniere Energy Partners

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.