Cheniere Energy Partners, L.P. (NYSE:CQP) Receives Average Rating of “Reduce” from Analysts

Cheniere Energy Partners, L.P. (NYSE:CQP) has received a consensus recommendation of “Reduce” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $49.80.

Separately, Stifel Nicolaus raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd.

Institutional Investors Weigh In On Cheniere Energy Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its stake in Cheniere Energy Partners by 13.1% during the 3rd quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock worth $376,776,000 after purchasing an additional 802,824 shares during the last quarter. Invesco Ltd. lifted its position in Cheniere Energy Partners by 170.2% in the third quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock valued at $21,232,000 after buying an additional 246,808 shares during the last quarter. Brookstone Capital Management increased its stake in Cheniere Energy Partners by 36.0% during the fourth quarter. Brookstone Capital Management now owns 5,740 shares of the company’s stock worth $286,000 after purchasing an additional 1,520 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Cheniere Energy Partners by 26.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,913,342 shares of the company’s stock worth $103,684,000 after purchasing an additional 401,548 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of Cheniere Energy Partners by 11.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 47,356 shares of the company’s stock worth $2,358,000 after buying an additional 5,027 shares during the period. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

Shares of NYSE:CQP opened at $49.40 on Friday. Cheniere Energy Partners has a 1-year low of $43.42 and a 1-year high of $62.34. The stock has a market capitalization of $23.91 billion, a P/E ratio of 7.11 and a beta of 0.68. The firm’s 50 day moving average price is $49.87.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.25. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. As a group, research analysts expect that Cheniere Energy Partners will post 3.56 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were given a dividend of $0.775 per share. The ex-dividend date was Tuesday, February 6th. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.62. This represents a $3.10 dividend on an annualized basis and a yield of 6.28%. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 44.60%.

About Cheniere Energy Partners

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.