Shares of Cheniere Energy Partners, L.P. (NYSE:CQP – Get Free Report) have received a consensus rating of “Reduce” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $62.25.
A number of brokerages recently issued reports on CQP. Morgan Stanley raised their price target on Cheniere Energy Partners from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, October 30th. Wells Fargo & Company dropped their price objective on Cheniere Energy Partners from $62.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, October 30th. JPMorgan Chase & Co. upped their price objective on Cheniere Energy Partners from $64.00 to $65.00 and gave the company an “underweight” rating in a research report on Friday, September 4th. Weiss Ratings lowered Cheniere Energy Partners from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, November 2nd. Finally, Barclays lifted their target price on Cheniere Energy Partners from $63.00 to $66.00 and gave the stock an “underweight” rating in a research report on Friday, August 7th.
View Our Latest Analysis on Cheniere Energy Partners
Cheniere Energy Partners Price Performance
Cheniere Energy Partners stock opened at $61.86 on Friday. The firm has a 50-day moving average price of $64.17 and a 200-day moving average price of $63.46. The firm has a market capitalization of $29.94 billion, a PE ratio of 13.62 and a beta of 0.30. The company has a current ratio of 1.19, a quick ratio of 1.07 and a debt-to-equity ratio of 16.25. Cheniere Energy Partners has a 12-month low of $51.47 and a 12-month high of $71.25.
Cheniere Energy Partners (NYSE:CQP – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.03. Cheniere Energy Partners had a net margin of 28.05% and a return on equity of 497.69%. The business had revenue of $2.57 billion during the quarter. During the same period in the previous year, the business earned $0.80 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Cheniere Energy Partners will post 4.49 EPS for the current year.
Cheniere Energy Partners Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Tuesday, November 3rd will be given a dividend of $0.1150 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.7%. This is a drop from Cheniere Energy Partners’s previous quarterly dividend of $0.7750. The ex-dividend date of this dividend is Tuesday, November 3rd. Cheniere Energy Partners’s dividend payout ratio is 54.20%.
Institutional Trading of Cheniere Energy Partners
A number of large investors have recently modified their holdings of the company. Asset One Wealth Management LLC grew its stake in Cheniere Energy Partners by 1.6% in the second quarter. Asset One Wealth Management LLC now owns 10,232 shares of the company’s stock worth $636,000 after purchasing an additional 157 shares in the last quarter. Sigma Planning Corp grew its position in shares of Cheniere Energy Partners by 4.5% during the 3rd quarter. Sigma Planning Corp now owns 4,215 shares of the company’s stock worth $257,000 after buying an additional 183 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Cheniere Energy Partners by 1.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,451 shares of the company’s stock worth $740,000 after buying an additional 215 shares in the last quarter. Powell Investment Advisors LLC increased its stake in shares of Cheniere Energy Partners by 1.2% during the third quarter. Powell Investment Advisors LLC now owns 18,490 shares of the company’s stock valued at $1,125,000 after buying an additional 218 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Cheniere Energy Partners by 1.7% during the third quarter. Commonwealth Equity Services LLC now owns 16,730 shares of the company’s stock valued at $1,018,000 after buying an additional 274 shares during the period. Hedge funds and other institutional investors own 46.55% of the company’s stock.
Cheniere Energy Partners Company Profile
Cheniere Energy Partners, L.P. is a publicly traded limited partnership focused on liquefied natural gas (LNG) infrastructure. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana, where natural gas is processed into LNG for export. The partnership’s facilities include LNG liquefaction and storage infrastructure, marine loading facilities, and the Creole Trail Pipeline, which connects the terminal to natural gas supply networks. Sabine Pass began exporting LNG in 2016, marking an important early step in the growth of U.S. LNG exports.
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