Brokerages Set Cheniere Energy Partners, L.P. (NYSE:CQP) Price Target at $53.33

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have been given a consensus rating of “Strong Sell” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a sell recommendation and one has assigned a hold recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $53.3333.

A number of research firms have recently commented on CQP. Citigroup cut their target price on shares of Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating for the company in a research note on Monday, January 12th. Bank of America lowered their price objective on Cheniere Energy Partners from $53.00 to $51.00 and set an “underperform” rating on the stock in a report on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Cheniere Energy Partners in a report on Monday, December 29th. Finally, Zacks Research downgraded Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday.

Hedge Funds Weigh In On Cheniere Energy Partners

Hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC grew its stake in Cheniere Energy Partners by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock valued at $642,000 after acquiring an additional 300 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Cheniere Energy Partners by 1,863.4% in the 1st quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company’s stock worth $464,000 after purchasing an additional 6,671 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Cheniere Energy Partners during the 2nd quarter worth approximately $26,000. Maryland State Retirement & Pension System grew its position in shares of Cheniere Energy Partners by 6.3% in the second quarter. Maryland State Retirement & Pension System now owns 34,897 shares of the company’s stock valued at $1,956,000 after purchasing an additional 2,056 shares in the last quarter. Finally, Gables Capital Management Inc. acquired a new stake in shares of Cheniere Energy Partners in the second quarter valued at approximately $34,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Partners Stock Performance

Cheniere Energy Partners stock opened at $57.76 on Thursday. The stock has a market capitalization of $27.96 billion, a P/E ratio of 15.04 and a beta of 0.42. The company’s fifty day moving average price is $54.89 and its 200 day moving average price is $54.03. Cheniere Energy Partners has a 1 year low of $49.53 and a 1 year high of $68.42.

Cheniere Energy Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, February 9th will be paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Monday, February 9th. Cheniere Energy Partners’s payout ratio is 80.73%.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.