Cheniere Energy Partners, L.P. (NYSE:CQP) Receives $58.86 Consensus Target Price from Brokerages

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have earned a consensus rating of “Reduce” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $60.4286.

A number of brokerages have recently issued reports on CQP. Morgan Stanley increased their price objective on shares of Cheniere Energy Partners from $55.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, March 23rd. Citigroup upped their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock a “sell” rating in a report on Thursday. Weiss Ratings upgraded Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. Wells Fargo & Company decreased their price target on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating on the stock in a report on Friday, March 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Cheniere Energy Partners from $57.00 to $63.00 and gave the company an “underweight” rating in a research report on Friday, March 27th.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in shares of Cheniere Energy Partners by 3.2% during the first quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock valued at $642,000 after buying an additional 300 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Cheniere Energy Partners by 1,863.4% during the first quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company’s stock valued at $464,000 after acquiring an additional 6,671 shares in the last quarter. Creative Planning grew its stake in Cheniere Energy Partners by 18.4% during the second quarter. Creative Planning now owns 5,326 shares of the company’s stock valued at $299,000 after acquiring an additional 826 shares in the last quarter. MAI Capital Management increased its holdings in Cheniere Energy Partners by 1,339.3% in the 2nd quarter. MAI Capital Management now owns 1,612 shares of the company’s stock valued at $90,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Cheniere Energy Partners by 180.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after purchasing an additional 306 shares in the last quarter. 46.55% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Partners Stock Up 0.8%

NYSE CQP opened at $64.96 on Friday. Cheniere Energy Partners has a 52 week low of $49.53 and a 52 week high of $70.64. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 34.21. The company has a market capitalization of $31.44 billion, a P/E ratio of 12.57 and a beta of 0.37. The stock’s 50-day moving average price is $61.38 and its 200-day moving average price is $56.19.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Wednesday, February 25th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $1.27. Cheniere Energy Partners had a net margin of 27.76% and a negative return on equity of 1,446.48%. The company had revenue of $2.91 billion during the quarter. During the same period in the prior year, the company posted $1.05 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts predict that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

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

About Cheniere Energy Partners

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.