Cheniere Energy Partners, L.P. (NYSE:CQP) Receives $58.86 Average Price Target from Brokerages

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have earned an average recommendation of “Reduce” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $59.5714.

A number of brokerages have recently issued reports on CQP. JPMorgan Chase & Co. increased their price objective on shares of Cheniere Energy Partners from $57.00 to $63.00 and gave the stock an “underweight” rating in a research note on Friday. Barclays lifted their target price on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the company an “underweight” rating in a research note on Friday, February 27th. Zacks Research raised shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Royal Bank Of Canada increased their price target on 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. Finally, Morgan Stanley raised their price target on Cheniere Energy Partners from $55.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday, March 23rd.

Cheniere Energy Partners Stock Up 0.4%

CQP stock opened at $65.19 on Friday. The business’s 50-day moving average price is $60.68 and its 200-day moving average price is $55.89. The stock has a market cap of $31.56 billion, a P/E ratio of 12.61 and a beta of 0.40. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 34.21. Cheniere Energy Partners has a twelve month low of $49.53 and a twelve month high of $70.64.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Wednesday, February 25th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.91 billion during the quarter. During the same period in the prior year, the company posted $1.05 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts forecast that Cheniere Energy Partners will post 4.14 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 4.8%. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 59.96%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its holdings in Cheniere Energy Partners by 68.3% during the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after buying an additional 205 shares in the last quarter. 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. Caldwell Trust Co bought a new position in shares of Cheniere Energy Partners during the fourth quarter worth $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Cheniere Energy Partners during the fourth quarter worth $51,000. Finally, MAI Capital Management grew its stake in Cheniere Energy Partners by 1,339.3% during the second quarter. MAI Capital Management now owns 1,612 shares of the company’s stock valued at $90,000 after acquiring an additional 1,500 shares in the last quarter. 46.55% of the stock is owned by hedge funds and other institutional investors.

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.