Barclays Cuts Cheniere Energy Partners (NYSE:CQP) Price Target to $55.00

Cheniere Energy Partners (NYSE:CQP) had its price objective reduced by Barclays from $56.00 to $55.00 in a research report released on Thursday morning,Benzinga reports. They currently have an underweight rating on the stock.

CQP has been the topic of several other reports. Bank of America boosted their price target on shares of Cheniere Energy Partners from $50.00 to $53.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 25th. Wells Fargo & Company dropped their price target on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an “underweight” rating in a research report on Monday, April 28th. Five analysts have rated the stock with a sell rating, According to MarketBeat, Cheniere Energy Partners currently has a consensus rating of “Reduce” and a consensus price target of $54.60.

Cheniere Energy Partners Stock Down 1.2%

Shares of NYSE CQP opened at $54.06 on Thursday. The firm’s 50-day simple moving average is $55.52 and its 200 day simple moving average is $59.15. Cheniere Energy Partners has a fifty-two week low of $47.02 and a fifty-two week high of $68.42. The stock has a market cap of $26.17 billion, a P/E ratio of 13.12 and a beta of 0.44.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.05). Cheniere Energy Partners had a negative return on equity of 503.86% and a net margin of 24.62%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.21 billion. The company’s revenue was up 29.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 8th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 6.1%. The ex-dividend date was Friday, August 8th. Cheniere Energy Partners’s payout ratio is presently 75.24%.

Institutional Trading of Cheniere Energy Partners

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in shares of Cheniere Energy Partners by 3.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,457 shares of the company’s stock valued at $715,000 after purchasing an additional 511 shares during the period. Invesco Ltd. boosted its position in Cheniere Energy Partners by 1.7% during the fourth quarter. Invesco Ltd. now owns 269,671 shares of the company’s stock worth $14,325,000 after purchasing an additional 4,383 shares during the period. Raymond James Financial Inc. bought a new stake in Cheniere Energy Partners during the fourth quarter worth approximately $1,365,000. Mariner LLC boosted its position in Cheniere Energy Partners by 62.7% during the fourth quarter. Mariner LLC now owns 32,997 shares of the company’s stock worth $1,753,000 after purchasing an additional 12,711 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Cheniere Energy Partners during the fourth quarter worth approximately $775,000. Institutional investors and hedge funds own 46.55% 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. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.