Cheniere Energy Partners, L.P. (NYSE:CQP) Receives $50.25 Average PT from Analysts

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have received a consensus recommendation of “Reduce” from the five analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $49.20.

CQP has been the subject of a number of research reports. Stifel Nicolaus upgraded Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Barclays cut their price target on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a research note on Thursday.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Powell Investment Advisors LLC boosted its position in shares of Cheniere Energy Partners by 2.0% during the first quarter. Powell Investment Advisors LLC now owns 16,021 shares of the company’s stock valued at $791,000 after buying an additional 316 shares during the period. Hennessy Advisors Inc. boosted its position in shares of Cheniere Energy Partners by 161.3% during the first quarter. Hennessy Advisors Inc. now owns 24,300 shares of the company’s stock valued at $1,200,000 after buying an additional 15,000 shares during the period. Miller Howard Investments Inc. NY boosted its position in shares of Cheniere Energy Partners by 3.7% during the first quarter. Miller Howard Investments Inc. NY now owns 96,659 shares of the company’s stock valued at $4,774,000 after buying an additional 3,434 shares during the period. MADDEN SECURITIES Corp purchased a new position in shares of Cheniere Energy Partners during the first quarter valued at approximately $507,000. Finally, Creekmur Asset Management LLC purchased a new position in shares of Cheniere Energy Partners during the fourth quarter valued at approximately $25,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Performance

Shares of CQP opened at $48.56 on Tuesday. The stock has a market capitalization of $23.50 billion, a price-to-earnings ratio of 6.99 and a beta of 0.68. Cheniere Energy Partners has a 1 year low of $43.42 and a 1 year high of $62.34. The stock has a 50 day moving average price of $49.53.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.25. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. As a group, equities research analysts anticipate that Cheniere Energy Partners will post 3.56 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were given a $0.775 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $3.10 annualized dividend and a yield of 6.38%. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.62. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 44.60%.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.