Cheniere Energy Partners LP Holdings LLC (CQH) Receives $30.90 Consensus Target Price from Brokerages

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Shares of Cheniere Energy Partners LP Holdings LLC (NYSEAMERICAN:CQH) have earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $30.90.

CQH has been the topic of a number of research analyst reports. Royal Bank of Canada downgraded shares of Cheniere Energy Partners from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 10th. Scotiabank set a $29.00 price objective on shares of Cheniere Energy Partners and gave the company a “hold” rating in a research note on Monday, August 20th. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Wednesday, August 8th. Finally, US Capital Advisors reiterated a “hold” rating on shares of Cheniere Energy Partners in a research note on Tuesday, July 17th.

Shares of CQH stock opened at $32.07 on Tuesday. Cheniere Energy Partners has a twelve month low of $24.03 and a twelve month high of $33.59.

Cheniere Energy Partners (NYSEAMERICAN:CQH) last announced its earnings results on Thursday, August 9th. The energy company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). The firm had revenue of $131.93 million during the quarter, compared to analysts’ expectations of $136.74 million. Cheniere Energy Partners had a net margin of 99.47% and a return on equity of 150,656.80%.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Monday, August 20th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, August 17th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.98%.

Several large investors have recently modified their holdings of CQH. CIBC Private Wealth Group LLC raised its holdings in shares of Cheniere Energy Partners by 30.6% during the second quarter. CIBC Private Wealth Group LLC now owns 4,249,599 shares of the energy company’s stock worth $133,650,000 after purchasing an additional 994,890 shares during the period. Atlantic Trust Group LLC raised its holdings in shares of Cheniere Energy Partners by 19.0% during the first quarter. Atlantic Trust Group LLC now owns 3,254,709 shares of the energy company’s stock worth $89,863,000 after purchasing an additional 518,646 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Cheniere Energy Partners during the second quarter worth $12,253,000. Kayne Anderson Capital Advisors LP raised its holdings in shares of Cheniere Energy Partners by 50.3% during the first quarter. Kayne Anderson Capital Advisors LP now owns 1,111,210 shares of the energy company’s stock worth $30,676,000 after purchasing an additional 372,056 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Cheniere Energy Partners by 382.7% during the first quarter. Victory Capital Management Inc. now owns 454,499 shares of the energy company’s stock worth $12,549,000 after purchasing an additional 360,342 shares during the period.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners LP Holdings, LLC, through its interest in Cheniere Energy Partners, L.P., develops, constructs, owns, and operates liquefied natural gas (LNG) regasification facilities at the Sabine Pass LNG terminal located on the Sabine-Neches Waterway. It also owns a 94-mile pipeline, which interconnects the Sabine Pass LNG terminal with various interstate pipelines.

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Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQH)

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