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

Cheniere Energy Partners, L.P. (NYSE:CQPGet Free Report) has received a consensus rating of “Reduce” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $61.8571.

A number of brokerages recently weighed in on CQP. JPMorgan Chase & Co. increased their price target 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. Weiss Ratings upgraded shares of Cheniere Energy Partners from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Barclays upped their target price on shares of Cheniere Energy Partners from $63.00 to $66.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada increased their target price on shares of Cheniere Energy Partners from $62.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Monday, August 24th.

Check Out Our Latest Stock Report on Cheniere Energy Partners

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hussman Strategic Advisors Inc. boosted its holdings in shares of Cheniere Energy Partners by 100.0% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock valued at $2,246,000 after acquiring an additional 21,000 shares in the last quarter. Infrastructure Capital Advisors LLC raised its holdings in Cheniere Energy Partners by 43.3% during the first quarter. Infrastructure Capital Advisors LLC now owns 226,611 shares of the company’s stock worth $14,646,000 after purchasing an additional 68,436 shares in the last quarter. Alps Advisors Inc. raised its holdings 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 purchasing an additional 336,946 shares in the last quarter. Abacus FCF Advisors LLC lifted its position in Cheniere Energy Partners by 161.2% in the second quarter. Abacus FCF Advisors LLC now owns 195,939 shares of the company’s stock valued at $11,942,000 after purchasing an additional 120,937 shares during the period. Finally, UBS Group AG lifted its position in Cheniere Energy Partners by 5.2% in the fourth quarter. UBS Group AG now owns 594,594 shares of the company’s stock valued at $31,799,000 after purchasing an additional 29,517 shares during the period. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Partners Price Performance

CQP stock opened at $68.59 on Monday. The company has a market capitalization of $33.20 billion, a P/E ratio of 12.45 and a beta of 0.31. Cheniere Energy Partners has a twelve month low of $49.53 and a twelve month high of $70.64. The business has a 50 day simple moving average of $64.72 and a 200-day simple moving average of $63.54. The company has a current ratio of 1.22, a quick ratio of 1.09 and a debt-to-equity ratio of 19.01.

Cheniere Energy Partners (NYSE:CQPGet Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $1.13. Cheniere Energy Partners had a net margin of 27.31% and a return on equity of 1,121.60%. The business had revenue of $2.58 billion for the quarter. During the same period in the previous year, the firm earned $0.91 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Cheniere Energy Partners will post 4.41 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were paid a dividend of $0.775 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $3.10 annualized dividend and a yield of 4.5%. Cheniere Energy Partners’s dividend payout ratio is currently 56.26%.

About Cheniere Energy Partners

(Get Free Report)

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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Analyst Recommendations for Cheniere Energy Partners (NYSE:CQP)

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