Cheniere Energy Partners LP (NYSE:CQP)‘s stock had its “overweight” rating restated by research analysts at Barclays PLC in a research note issued on Wednesday, April 19th. They currently have a $34.00 price target on the stock, up from their previous price target of $32.00. Barclays PLC’s target price indicates a potential upside of 4.62% from the company’s previous close.
CQP has been the subject of a number of other reports. Zacks Investment Research downgraded Cheniere Energy Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Guggenheim assumed coverage on Cheniere Energy Partners in a research report on Monday, April 17th. They issued a “neutral” rating and a $36.00 price target for the company. Finally, TheStreet upgraded Cheniere Energy Partners from a “c” rating to a “b-” rating in a research report on Monday, March 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $35.50.
Shares of Cheniere Energy Partners (NYSE:CQP) traded up 1.91% during trading on Wednesday, hitting $32.50. 188,239 shares of the stock traded hands. The firm’s market cap is $10.98 billion. Cheniere Energy Partners has a 52-week low of $25.87 and a 52-week high of $33.47. The company’s 50 day moving average is $31.96 and its 200 day moving average is $30.32.
Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, May 4th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by $0.11. The business had revenue of $891 million during the quarter, compared to analyst estimates of $425.16 million. On average, equities research analysts predict that Cheniere Energy Partners will post $1.84 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Tuesday, May 2nd were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend was Friday, April 28th.
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In other Cheniere Energy Partners news, CFO Michael J. Wortley sold 5,000 shares of Cheniere Energy Partners stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $32.11, for a total transaction of $160,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Several large investors have recently added to or reduced their stakes in CQP. Blackstone Group L.P. raised its stake in Cheniere Energy Partners by 8.9% in the third quarter. Blackstone Group L.P. now owns 3,837,178 shares of the company’s stock worth $112,276,000 after buying an additional 314,262 shares during the period. Morgan Stanley increased its position in shares of Cheniere Energy Partners by 15.6% in the third quarter. Morgan Stanley now owns 2,046,751 shares of the company’s stock worth $59,888,000 after buying an additional 276,662 shares in the last quarter. Eagle Global Advisors LLC increased its position in shares of Cheniere Energy Partners by 23.4% in the first quarter. Eagle Global Advisors LLC now owns 1,790,886 shares of the company’s stock worth $57,864,000 after buying an additional 339,600 shares in the last quarter. Jennison Associates LLC increased its position in shares of Cheniere Energy Partners by 5.6% in the first quarter. Jennison Associates LLC now owns 1,215,027 shares of the company’s stock worth $39,258,000 after buying an additional 64,815 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Cheniere Energy Partners by 2.9% in the first quarter. JPMorgan Chase & Co. now owns 1,213,168 shares of the company’s stock worth $39,198,000 after buying an additional 34,545 shares in the last quarter.
Cheniere Energy Partners Company Profile
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
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