Shares of Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP – Get Rating) have been given an average recommendation of “Hold” by the ten research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $52.25.
A number of analysts have recently weighed in on CQP shares. Citigroup dropped their price target on Cheniere Energy Partners from $47.00 to $44.00 and set a “sell” rating on the stock in a research report on Monday, January 9th. Barclays raised their price objective on Cheniere Energy Partners from $48.00 to $51.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 12th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearbridge Investments LLC raised its stake in shares of Cheniere Energy Partners by 5.3% in the second quarter. Clearbridge Investments LLC now owns 999,627 shares of the energy company’s stock valued at $44,853,000 after acquiring an additional 49,900 shares during the last quarter. Naples Global Advisors LLC raised its stake in shares of Cheniere Energy Partners by 2.5% in the third quarter. Naples Global Advisors LLC now owns 16,089 shares of the energy company’s stock valued at $859,000 after acquiring an additional 400 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Cheniere Energy Partners by 132.3% in the second quarter. BNP Paribas Arbitrage SA now owns 124,500 shares of the energy company’s stock valued at $5,586,000 after acquiring an additional 70,905 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Cheniere Energy Partners by 4.4% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 12,707 shares of the energy company’s stock valued at $678,000 after acquiring an additional 531 shares during the last quarter. Finally, Spirit of America Management Corp NY raised its stake in shares of Cheniere Energy Partners by 4.9% in the second quarter. Spirit of America Management Corp NY now owns 233,669 shares of the energy company’s stock valued at $10,484,000 after acquiring an additional 11,000 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.
Cheniere Energy Partners Stock Up 0.2 %
Cheniere Energy Partners (NYSEAMERICAN:CQP – Get Rating) last posted its quarterly earnings results on Thursday, November 3rd. The energy company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.36). Cheniere Energy Partners had a net margin of 3.13% and a negative return on equity of 108.35%. The firm had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $4.56 billion. As a group, research analysts predict that Cheniere Energy Partners will post 5.23 earnings per share for the current year.
Cheniere Energy Partners Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Thursday, November 3rd were paid a dividend of $0.775 per share. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $3.10 dividend on an annualized basis and a yield of 5.59%. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently -738.08%.
About Cheniere Energy Partners
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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