Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP) have earned a consensus recommendation of “Reduce” from the six analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $48.83.

CQP has been the subject of a number of research analyst reports. StockNews.com cut shares of Cheniere Energy Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “sell” rating and issued a $53.00 target price on shares of Cheniere Energy Partners in a report on Friday, November 3rd. Finally, The Goldman Sachs Group initiated coverage on shares of Cheniere Energy Partners in a report on Thursday, October 5th. They issued a “sell” rating and a $48.00 target price for the company.

Cheniere Energy Partners Stock Performance

Shares of NYSEAMERICAN:CQP opened at $58.63 on Friday. The firm has a market capitalization of $28.38 billion, a P/E ratio of 5.77 and a beta of 0.76. Cheniere Energy Partners has a 52 week low of $42.96 and a 52 week high of $62.08. The firm has a 50-day moving average price of $46.59.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date was Friday, November 3rd. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.26. Cheniere Energy Partners’s dividend payout ratio (DPR) is 30.51%.

Hedge Funds Weigh In On Cheniere Energy Partners

A number of hedge funds have recently made changes to their positions in CQP. Evermay Wealth Management LLC acquired a new position in shares of Cheniere Energy Partners during the 1st quarter valued at $25,000. Allworth Financial LP acquired a new position in shares of Cheniere Energy Partners during the 2nd quarter valued at $30,000. Global Retirement Partners LLC lifted its holdings in shares of Cheniere Energy Partners by 255.6% during the 1st quarter. Global Retirement Partners LLC now owns 978 shares of the energy company’s stock valued at $44,000 after acquiring an additional 703 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Cheniere Energy Partners during the 1st quarter valued at $48,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Cheniere Energy Partners during the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 46.42% of the company’s stock.

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.