Shares of Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP – Get Rating) have received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $47.88.
CQP has been the subject of several recent analyst reports. Barclays raised their target price on shares of Cheniere Energy Partners from $44.00 to $48.00 and gave the stock an “underweight” rating in a research note on Monday, March 14th. Royal Bank of Canada increased their price target on shares of Cheniere Energy Partners from $46.00 to $52.00 and gave the company a “sector perform” rating in a report on Tuesday, March 8th. US Capital Advisors downgraded shares of Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a report on Friday, March 11th. UBS Group downgraded shares of Cheniere Energy Partners from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Tuesday, February 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Cheniere Energy Partners from $50.00 to $51.00 in a report on Friday, April 29th.
Shares of NYSEAMERICAN:CQP opened at $54.20 on Tuesday. The firm has a market cap of $26.23 billion, a P/E ratio of 18.13 and a beta of 0.85. The company has a quick ratio of 1.51, a current ratio of 1.64 and a debt-to-equity ratio of 23.92. Cheniere Energy Partners has a 1-year low of $38.00 and a 1-year high of $61.91.
The company also recently declared a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Thursday, May 5th were paid a dividend of $0.775 per share. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.70. This represents a $3.10 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend was Wednesday, May 4th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 103.68%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CQP. Whittier Trust Co. boosted its position in shares of Cheniere Energy Partners by 364.6% in the first quarter. Whittier Trust Co. now owns 446 shares of the energy company’s stock worth $25,000 after acquiring an additional 350 shares during the last quarter. CENTRAL TRUST Co lifted its position in Cheniere Energy Partners by 125.0% during the first quarter. CENTRAL TRUST Co now owns 450 shares of the energy company’s stock valued at $25,000 after buying an additional 250 shares in the last quarter. DB Wealth Management Group LLC acquired a new position in Cheniere Energy Partners during the first quarter valued at approximately $25,000. AGF Investments LLC acquired a new position in Cheniere Energy Partners during the third quarter valued at approximately $32,000. Finally, CWM LLC acquired a new position in Cheniere Energy Partners during the first quarter valued at approximately $34,000. 46.25% of the stock is currently owned by institutional investors and hedge funds.
About Cheniere Energy Partners (Get Rating)
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates natural gas liquefaction and export facility at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana. The company's regasification facilities include five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels with capacity of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day.
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