Cheniere Energy Partners, L.P. (NYSE:CQP) Given Average Recommendation of “Reduce” by Analysts

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have been given a consensus rating of “Reduce” by the nine brokerages that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $60.4286.

CQP has been the subject of a number of research analyst reports. Citigroup lifted their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock a “sell” rating in a research report on Thursday, April 2nd. Bank of America lifted their price target on shares of Cheniere Energy Partners from $51.00 to $57.00 and gave the stock an “underperform” rating in a research note on Friday, March 20th. Wells Fargo & Company dropped 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. Morgan Stanley lifted their price target on shares of Cheniere Energy Partners from $55.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, March 23rd. Finally, Barclays lifted their price target on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a research note on Friday, February 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC boosted its stake in shares of Cheniere Energy Partners by 68.3% during the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after acquiring an additional 205 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Cheniere Energy Partners by 180.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after acquiring an additional 306 shares during the last quarter. Caldwell Trust Co purchased a new position in shares of Cheniere Energy Partners during the 4th quarter worth $29,000. First Pacific Financial purchased a new position in shares of Cheniere Energy Partners during the 1st quarter worth $32,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Cheniere Energy Partners during the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Trading Up 0.0%

NYSE:CQP opened at $63.71 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 161.69. Cheniere Energy Partners has a 12 month low of $49.53 and a 12 month high of $70.64. The company has a market cap of $30.84 billion, a PE ratio of 14.88 and a beta of 0.36. The company has a 50 day simple moving average of $64.18 and a two-hundred day simple moving average of $58.36.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Wednesday, May 6th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($1.03). Cheniere Energy Partners had a negative return on equity of 4,929.80% and a net margin of 22.27%.The company had revenue of $3.60 billion during the quarter. During the same period in the previous year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. Research analysts forecast that Cheniere Energy Partners will post 4.17 earnings per share for the current 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 paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Friday, May 8th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 72.43%.

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.