Cheniere Energy Partners, L.P. (NYSE:CQP) Receives $49.25 Consensus PT from Analysts

Cheniere Energy Partners, L.P. (NYSE:CQP) has received an average rating of “Reduce” from the five research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $49.25.

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein started coverage on Cheniere Energy Partners in a report on Monday, June 24th. They issued a “market perform” rating on the stock. Barclays boosted their price target on shares of Cheniere Energy Partners from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 17th.

Cheniere Energy Partners Price Performance

Shares of CQP opened at $48.78 on Friday. The firm has a 50-day simple moving average of $50.10 and a two-hundred day simple moving average of $49.19. The stock has a market cap of $23.61 billion, a PE ratio of 10.53 and a beta of 0.68. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Thursday, August 8th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.12. Cheniere Energy Partners had a net margin of 32.76% and a negative return on equity of 292.75%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. As a group, sell-side analysts expect that Cheniere Energy Partners will post 4.25 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 6.36%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.62. The ex-dividend date was Wednesday, August 7th. Cheniere Energy Partners’s payout ratio is presently 66.95%.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in shares of Cheniere Energy Partners by 37.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the company’s stock worth $30,624,000 after buying an additional 167,567 shares during the period. Mediolanum International Funds Ltd purchased a new stake in shares of Cheniere Energy Partners in the 1st quarter valued at approximately $5,794,000. Wells Fargo & Company MN raised its holdings in shares of Cheniere Energy Partners by 49.2% in the 4th quarter. Wells Fargo & Company MN now owns 210,905 shares of the company’s stock valued at $10,501,000 after purchasing an additional 69,567 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Cheniere Energy Partners during the 1st quarter worth $1,435,000. Finally, Montchanin Asset Management LLC acquired a new position in shares of Cheniere Energy Partners during the first quarter worth $924,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

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.