Cheniere Energy Partners (NYSEAMERICAN:CQP) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) from a buy rating to a strong-buy rating in a research report report published on Wednesday morning.

CQP has been the topic of several other reports. UBS Group raised shares of Cheniere Energy Partners from a neutral rating to a buy rating and set a $57.00 price target on the stock in a research note on Wednesday, July 19th. Wolfe Research lowered Cheniere Energy Partners from a peer perform rating to an underperform rating and set a $43.00 price target for the company. in a research report on Thursday, June 1st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $49.71.

Cheniere Energy Partners Trading Down 1.7 %

Shares of CQP stock opened at $52.44 on Wednesday. The firm has a market cap of $25.38 billion, a PE ratio of 7.01 and a beta of 0.83. Cheniere Energy Partners has a 52-week low of $42.96 and a 52-week high of $62.08. The company has a 50-day moving average of $46.59.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last posted its earnings results on Thursday, August 3rd. The energy company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Cheniere Energy Partners had a negative return on equity of 174.10% and a net margin of 31.31%. The company’s quarterly revenue was down 53.8% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. As a group, research analysts expect that Cheniere Energy Partners will post 2.54 EPS for the current year.

Cheniere Energy Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Friday, August 4th. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 41.44%.

Hedge Funds Weigh In On Cheniere Energy Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. grew its holdings in shares of Cheniere Energy Partners by 15.5% during the fourth quarter. Alps Advisors Inc. now owns 7,199,141 shares of the energy company’s stock worth $409,415,000 after purchasing an additional 964,036 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Cheniere Energy Partners by 83.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,579,620 shares of the energy company’s stock worth $146,703,000 after buying an additional 1,171,872 shares during the period. Clearbridge Investments LLC increased its position in Cheniere Energy Partners by 0.5% during the first quarter. Clearbridge Investments LLC now owns 1,110,918 shares of the energy company’s stock worth $52,569,000 after buying an additional 5,800 shares during the period. Kayne Anderson Capital Advisors LP increased its position in Cheniere Energy Partners by 7.4% during the second quarter. Kayne Anderson Capital Advisors LP now owns 725,228 shares of the energy company’s stock worth $33,462,000 after buying an additional 50,070 shares during the period. Finally, Infrastructure Capital Advisors LLC increased its position in Cheniere Energy Partners by 1.1% during the second quarter. Infrastructure Capital Advisors LLC now owns 451,297 shares of the energy company’s stock worth $20,823,000 after buying an additional 4,716 shares during the period. 46.42% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Partners Company Profile

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