Cheniere Energy Partners (NYSE:CQP) Price Target Raised to $65.00

Cheniere Energy Partners (NYSE:CQP) had its target price lifted by JPMorgan Chase & Co. from $64.00 to $65.00 in a research report sent to investors on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

CQP has been the topic of a number of other reports. Royal Bank Of Canada lifted their price target on Cheniere Energy Partners from $62.00 to $65.00 and gave the company a “sector perform” rating in a research note on Monday, August 24th. Weiss Ratings raised Cheniere Energy Partners from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, Barclays raised their price objective on shares of Cheniere Energy Partners from $63.00 to $66.00 and gave the company an “underweight” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $62.00.

Cheniere Energy Partners Stock Up 0.4%

Shares of CQP opened at $68.98 on Friday. The company has a debt-to-equity ratio of 19.01, a quick ratio of 1.09 and a current ratio of 1.22. Cheniere Energy Partners has a 52 week low of $49.53 and a 52 week high of $71.25. The stock has a market capitalization of $33.39 billion, a price-to-earnings ratio of 12.52 and a beta of 0.32. The stock has a fifty day moving average of $65.72 and a 200-day moving average of $63.96.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $1.13. Cheniere Energy Partners had a return on equity of 1,121.60% and a net margin of 27.31%.The business had revenue of $2.58 billion for the quarter. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Cheniere Energy Partners will post 4.41 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The business 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 $0.775 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $3.10 annualized dividend and a yield of 4.5%. Cheniere Energy Partners’s payout ratio is presently 56.26%.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of institutional investors have recently made changes to their positions in the stock. Asset One Wealth Management LLC lifted its stake in shares of Cheniere Energy Partners by 1.6% in the second quarter. Asset One Wealth Management LLC now owns 10,232 shares of the company’s stock worth $636,000 after acquiring an additional 157 shares during the period. Larson Financial Group LLC increased its position in Cheniere Energy Partners by 68.3% during the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after purchasing an additional 205 shares during the period. Janney Montgomery Scott LLC increased its position in Cheniere Energy Partners by 1.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,451 shares of the company’s stock valued at $740,000 after purchasing an additional 215 shares during the period. Powell Investment Advisors LLC raised its holdings in Cheniere Energy Partners by 1.4% during the 1st quarter. Powell Investment Advisors LLC now owns 18,050 shares of the company’s stock worth $1,167,000 after purchasing an additional 250 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in Cheniere Energy Partners by 6.8% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,333 shares of the company’s stock worth $233,000 after purchasing an additional 275 shares during the last quarter. Institutional investors own 46.55% of the company’s stock.

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.