Cheniere Energy Partners, L.P. (NYSE:CQP) Given Consensus Rating of “Reduce” by Brokerages

Cheniere Energy Partners, L.P. (NYSE:CQP) has been given a consensus recommendation of “Reduce” by the nine analysts that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $60.4286.

CQP has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating for the company in a research note on Friday, March 13th. JPMorgan Chase & Co. boosted their target price on Cheniere Energy Partners from $57.00 to $63.00 and gave the stock an “underweight” rating in a research report on Friday, March 27th. Zacks Research upgraded Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Morgan Stanley boosted their target price on Cheniere Energy Partners from $55.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Monday, March 23rd. Finally, Bank of America boosted their target price on Cheniere Energy Partners from $51.00 to $57.00 and gave the stock an “underperform” rating in a research report on Friday, March 20th.

Cheniere Energy Partners Stock Up 1.2%

CQP opened at $64.53 on Friday. The business has a 50 day moving average price of $64.22 and a two-hundred day moving average price of $58.62. The company has a quick ratio of 0.37, a current ratio of 0.42 and a debt-to-equity ratio of 161.69. The company has a market cap of $31.23 billion, a PE ratio of 15.08 and a beta of 0.36. Cheniere Energy Partners has a 52 week low of $49.53 and a 52 week high of $70.64.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $1.22 by ($1.03). The company had revenue of $3.60 billion for the quarter. Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 earnings per share. As a group, research analysts anticipate that Cheniere Energy Partners will post 4.17 EPS for the current year.

Cheniere Energy Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were given a dividend of $0.775 per share. The ex-dividend date was Friday, May 8th. This represents a $3.10 annualized dividend and a yield of 4.8%. Cheniere Energy Partners’s payout ratio is presently 72.43%.

Hedge Funds Weigh In On Cheniere Energy Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in CQP. NewEdge Advisors LLC increased its position in Cheniere Energy Partners by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock worth $642,000 after purchasing an additional 300 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Cheniere Energy Partners by 1,863.4% in the 1st quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company’s stock worth $464,000 after acquiring an additional 6,671 shares during the period. Creative Planning increased its stake in Cheniere Energy Partners by 18.4% in the 2nd quarter. Creative Planning now owns 5,326 shares of the company’s stock valued at $299,000 after purchasing an additional 826 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Cheniere Energy Partners by 180.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after purchasing an additional 306 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Cheniere Energy Partners by 1.2% during the second quarter. Bank of America Corp DE now owns 319,717 shares of the company’s stock worth $17,920,000 after purchasing an additional 3,659 shares during the last quarter. Institutional investors and hedge funds own 46.55% of the company’s stock.

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.