Shares of Cheniere Energy Partners, L.P. (NYSE:CQP – Get Free Report) have received a consensus recommendation of “Reduce” from the nine analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $61.00.
Several brokerages recently issued reports on CQP. Weiss Ratings upgraded shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 20th. JPMorgan Chase & Co. increased their price objective on shares of Cheniere Energy Partners from $63.00 to $64.00 and gave the stock an “underweight” rating in a research note on Friday, July 24th. Finally, Barclays lifted their price objective on shares of Cheniere Energy Partners from $60.00 to $63.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th.
Cheniere Energy Partners Stock Down 2.1%
Cheniere Energy Partners (NYSE:CQP – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.14 earnings per share for the quarter. The company had revenue of $2.58 billion during the quarter. Cheniere Energy Partners had a negative return on equity of 4,929.80% and a net margin of 22.27%. As a group, equities research analysts anticipate that Cheniere Energy Partners will post 4.26 EPS for the current fiscal year.
Cheniere Energy Partners Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 7th will be issued a $0.775 dividend. The ex-dividend date is Friday, August 7th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.8%. Cheniere Energy Partners’s payout ratio is 72.43%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC boosted its holdings in shares of Cheniere Energy Partners by 68.3% in the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after buying an additional 205 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Cheniere Energy Partners by 180.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock valued at $27,000 after acquiring an additional 306 shares during the period. Caldwell Trust Co purchased a new position in Cheniere Energy Partners in the 4th quarter worth $29,000. First Pacific Financial purchased a new position in Cheniere Energy Partners in the 1st quarter worth $32,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Cheniere Energy Partners during the 4th quarter worth about $51,000. 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.
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