Cheniere Energy Partners, L.P. (NYSE:CQP) Receives Consensus Rating of “Reduce” from Brokerages

Cheniere Energy Partners, L.P. (NYSE:CQP) has been given an average rating of “Reduce” by the four brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $50.25.

Separately, Stifel Nicolaus upgraded shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. raised its holdings in shares of Cheniere Energy Partners by 13.1% during the third quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock valued at $376,776,000 after purchasing an additional 802,824 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Cheniere Energy Partners by 15.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,677 shares of the company’s stock valued at $110,119,000 after buying an additional 298,335 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Cheniere Energy Partners by 24.1% during the first quarter. Clearbridge Investments LLC now owns 949,727 shares of the company’s stock valued at $53,527,000 after buying an additional 184,500 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Cheniere Energy Partners by 37.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the company’s stock valued at $30,624,000 after buying an additional 167,567 shares during the last quarter. Finally, UBS Group AG increased its holdings in Cheniere Energy Partners by 5.1% during the first quarter. UBS Group AG now owns 443,849 shares of the company’s stock valued at $25,015,000 after buying an additional 21,647 shares during the last quarter. 46.55% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Partners Price Performance

NYSE:CQP opened at $46.15 on Tuesday. Cheniere Energy Partners has a one year low of $43.42 and a one year high of $62.34. The business’s 50-day simple moving average is $49.65. The company has a market capitalization of $22.34 billion, a price-to-earnings ratio of 6.64 and a beta of 0.68.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.71 by $0.25. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. As a group, analysts anticipate that Cheniere Energy Partners will post 3.56 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were paid a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 6.72%. The ex-dividend date was Tuesday, February 6th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.62. Cheniere Energy Partners’s dividend payout ratio is currently 44.60%.

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. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.