Brokerages Set Cheniere Energy Partners, L.P. (NYSE:CQP) Target Price at $54.83

Cheniere Energy Partners, L.P. (NYSE:CQP) has earned an average recommendation of “Strong Sell” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $54.8333.

Several analysts recently commented on the company. Bank of America decreased their price target on Cheniere Energy Partners from $53.00 to $51.00 and set an “underperform” rating on the stock in a research note on Thursday, December 11th. Zacks Research downgraded shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Barclays increased their target price on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Friday, February 27th. Citigroup reduced their price target on shares of Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating on the stock in a research report on Monday, January 12th. Finally, Weiss Ratings raised shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th.

Institutional Trading of Cheniere Energy Partners

Several large investors have recently made changes to their positions in CQP. Larson Financial Group LLC lifted its position in Cheniere Energy Partners by 68.3% during the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after buying an additional 205 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 acquiring an additional 306 shares during the last quarter. Caldwell Trust Co bought a new position in shares of Cheniere Energy Partners in the fourth quarter worth about $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Cheniere Energy Partners during the fourth quarter worth approximately $51,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Cheniere Energy Partners by 25.5% during the second quarter. Parkside Financial Bank & Trust now owns 924 shares of the company’s stock valued at $52,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Performance

NYSE CQP opened at $63.37 on Monday. Cheniere Energy Partners has a twelve month low of $49.53 and a twelve month high of $68.42. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 34.21. The stock has a market cap of $30.67 billion, a P/E ratio of 12.26 and a beta of 0.40. The company’s 50-day simple moving average is $56.88 and its 200 day simple moving average is $54.55.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $1.27. Cheniere Energy Partners had a net margin of 27.76% and a negative return on equity of 1,446.48%. The firm had revenue of $2.91 billion during the quarter. During the same quarter in the prior year, the business earned $1.05 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, research analysts forecast that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 9th were given a dividend of $0.775 per share. The ex-dividend date was Monday, February 9th. This represents a $3.10 dividend on an annualized basis and a yield of 4.9%. Cheniere Energy Partners’s dividend payout ratio is 59.96%.

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.