Cheniere Energy Partners, L.P. (NYSE:CQP) Receives Average Rating of “Strong Sell” from Analysts

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have been given an average rating of “Strong Sell” by the nine analysts that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $60.4286.

CQP has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating for the company in a research report on Friday, March 13th. Citigroup raised their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company a “sell” rating in a report on Thursday, April 2nd. Bank of America boosted their target price on shares of Cheniere Energy Partners from $51.00 to $57.00 and gave the company an “underperform” rating in a research report on Friday, March 20th. Weiss Ratings lowered shares of Cheniere Energy Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy Partners from $57.00 to $63.00 and gave the company an “underweight” rating in a research note on Friday, March 27th.

Institutional Trading of Cheniere Energy Partners

Large investors have recently bought and sold shares of the business. Alps Advisors Inc. raised its stake in Cheniere Energy Partners by 3.7% during the fourth quarter. Alps Advisors Inc. now owns 9,338,942 shares of the company’s stock worth $499,447,000 after acquiring an additional 336,946 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Cheniere Energy Partners by 37.6% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 1,092,866 shares of the company’s stock valued at $58,446,000 after purchasing an additional 298,566 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Cheniere Energy Partners by 52,982.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 252,673 shares of the company’s stock worth $13,513,000 after purchasing an additional 252,197 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in Cheniere Energy Partners during the 3rd quarter worth approximately $7,357,000. Finally, CIBC Private Wealth Group LLC bought a new position in Cheniere Energy Partners in the 3rd quarter valued at approximately $7,304,000. 46.55% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Partners Price Performance

NYSE:CQP opened at $64.61 on Friday. Cheniere Energy Partners has a 52 week low of $49.53 and a 52 week high of $70.64. The firm has a market cap of $31.27 billion, a price-to-earnings ratio of 15.09 and a beta of 0.31. The firm’s 50-day simple moving average is $62.53 and its 200 day simple moving average is $60.82. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.37 and a current ratio of 0.42.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data 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 for the quarter. During the same quarter in the previous year, the business posted $1.08 EPS. Cheniere Energy Partners’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, sell-side analysts predict that Cheniere Energy Partners will post 4.2 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

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 $0.775 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.10 annualized dividend and a dividend yield of 4.8%. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 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.