Cheniere Energy Partners (NYSE:CQP) Price Target Raised to $55.00

Cheniere Energy Partners (NYSE:CQP) had its target price boosted by Citigroup from $49.00 to $55.00 in a report released on Thursday morning,Benzinga reports. Citigroup currently has a sell rating on the stock.

CQP has been the topic of several other reports. Zacks Research upgraded Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Wells Fargo & Company cut their target price on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating for the company in a research note on Friday, March 13th. Morgan Stanley increased their price target on shares of Cheniere Energy Partners from $55.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, March 23rd. Royal Bank Of Canada lifted their price target on shares of Cheniere Energy Partners from $58.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Friday, March 6th. Finally, Bank of America boosted their price objective on shares of Cheniere Energy Partners from $51.00 to $57.00 and gave the stock an “underperform” rating in a report on Friday, March 20th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $60.43.

Cheniere Energy Partners Stock Down 0.2%

Shares of NYSE:CQP opened at $64.96 on Thursday. The firm has a market capitalization of $31.45 billion, a PE ratio of 12.57 and a beta of 0.37. The company has a debt-to-equity ratio of 34.21, a quick ratio of 0.68 and a current ratio of 0.78. Cheniere Energy Partners has a 52-week low of $49.53 and a 52-week high of $70.64. The firm has a fifty day moving average of $61.56 and a 200 day moving average of $56.30.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results on Wednesday, February 25th. The company reported $2.38 earnings per share for the quarter, beating 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 business had revenue of $2.91 billion for the quarter. During the same quarter in the previous year, the business earned $1.05 EPS. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, research analysts anticipate that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 9th were paid a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, February 9th. Cheniere Energy Partners’s payout ratio is 59.96%.

Hedge Funds Weigh In On Cheniere Energy Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its stake in Cheniere Energy Partners by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock worth $642,000 after purchasing an additional 300 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Cheniere Energy Partners by 1,863.4% in the first quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company’s stock worth $464,000 after purchasing an additional 6,671 shares during the last quarter. Creative Planning grew its holdings in shares of Cheniere Energy Partners by 18.4% in the second quarter. Creative Planning now owns 5,326 shares of the company’s stock worth $299,000 after purchasing an additional 826 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Cheniere Energy Partners by 180.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after buying an additional 306 shares during the period. Finally, McGowan Group Asset Management Inc. increased its stake in shares of Cheniere Energy Partners by 0.6% in the second quarter. McGowan Group Asset Management Inc. now owns 240,016 shares of the company’s stock worth $13,453,000 after buying an additional 1,509 shares during the period. 46.55% of the stock is currently owned by institutional investors.

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.