Cheniere Energy Partners (NYSE:CQP) Trading Down 4.9% – Time to Sell?

Cheniere Energy Partners (NYSE:CQP) fell 4.9% during mid-day trading on Monday . The company traded as low as $58.71 and last traded at $58.29. 61,001 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 164,102 shares. The stock had previously closed at $61.27.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CQP shares. Bank of America lifted their price target on shares of Cheniere Energy Partners from $49.00 to $50.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. increased their price target on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an “underweight” rating in a report on Monday, April 28th. Finally, Stifel Nicolaus cut shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and increased their target price for the company from $50.00 to $51.00 in a research report on Friday, February 21st. Five investment analysts have rated the stock with a sell rating, According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $53.60.

Cheniere Energy Partners Price Performance

The business has a fifty day moving average price of $60.50 and a 200 day moving average price of $59.01. The company has a market capitalization of $28.02 billion, a price-to-earnings ratio of 13.59 and a beta of 0.45.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The business’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.18 earnings per share. As a group, sell-side analysts predict that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, May 9th were paid a dividend of $0.82 per share. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.28 annualized dividend and a dividend yield of 5.67%. Cheniere Energy Partners’s dividend payout ratio is presently 74.52%.

Institutional Trading of Cheniere Energy Partners

A number of hedge funds have recently bought and sold shares of the company. Avantax Advisory Services Inc. grew its stake in shares of Cheniere Energy Partners by 2.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 7,438 shares of the company’s stock worth $395,000 after acquiring an additional 162 shares during the last quarter. Hennessy Advisors Inc. lifted its stake in shares of Cheniere Energy Partners by 1.8% in the 1st quarter. Hennessy Advisors Inc. now owns 10,790 shares of the company’s stock valued at $713,000 after purchasing an additional 190 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Cheniere Energy Partners by 1.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 20,812 shares of the company’s stock valued at $1,106,000 after purchasing an additional 200 shares during the last quarter. Powell Investment Advisors LLC lifted its stake in shares of Cheniere Energy Partners by 1.3% during the 1st quarter. Powell Investment Advisors LLC now owns 17,040 shares of the company’s stock worth $1,125,000 after acquiring an additional 220 shares during the last quarter. Finally, Sigma Planning Corp raised its position in Cheniere Energy Partners by 4.9% during the 4th quarter. Sigma Planning Corp now owns 5,161 shares of the company’s stock valued at $274,000 after purchasing an additional 243 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

About Cheniere Energy Partners

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.