Cheniere Energy Partners (NYSE:CQP) Price Target Raised to $72.00 at Morgan Stanley

Cheniere Energy Partners (NYSE:CQP) had its price target raised by Morgan Stanley from $55.00 to $72.00 in a research report report published on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Royal Bank Of Canada raised their target price on shares of Cheniere Energy Partners from $58.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Friday, March 6th. Zacks Research upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Citigroup reduced their price objective 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. Wells Fargo & Company decreased their price objective on shares of Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating on the stock in a research report on Friday, March 13th. Finally, Weiss Ratings upgraded shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Cheniere Energy Partners currently has an average rating of “Reduce” and an average target price of $58.86.

Cheniere Energy Partners Stock Performance

NYSE:CQP opened at $68.27 on Monday. The company has a debt-to-equity ratio of 34.21, a quick ratio of 0.68 and a current ratio of 0.78. The stock has a 50-day simple moving average of $59.69 and a two-hundred day simple moving average of $55.48. The firm has a market capitalization of $33.05 billion, a PE ratio of 13.21 and a beta of 0.40. Cheniere Energy Partners has a 52-week low of $49.53 and a 52-week high of $69.49.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $1.11 by $1.27. The firm had revenue of $2.91 billion for the quarter. Cheniere Energy Partners had a negative return on equity of 1,446.48% and a net margin of 27.76%.The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business earned $1.05 EPS. Analysts forecast that Cheniere Energy Partners will post 4.14 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 9th were paid a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, February 9th. Cheniere Energy Partners’s dividend payout ratio is presently 59.96%.

Institutional Investors Weigh In On Cheniere Energy Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Cheniere Energy Partners by 180.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after buying an additional 306 shares in the last quarter. Larson Financial Group LLC grew its stake in Cheniere Energy Partners by 68.3% during the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after acquiring an additional 205 shares in the last quarter. Caldwell Trust Co bought a new stake in Cheniere Energy Partners in the 4th quarter valued at $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Cheniere Energy Partners in the 4th quarter valued at $51,000. Finally, MAI Capital Management lifted its stake in Cheniere Energy Partners by 1,339.3% in the 2nd quarter. MAI Capital Management now owns 1,612 shares of the company’s stock worth $90,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Company Profile

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.