Cheniere Energy Partners, L.P. (NYSE:CQP) Given Consensus Recommendation of “Strong Sell” by Brokerages

Cheniere Energy Partners, L.P. (NYSE:CQP) has been given an average recommendation of “Strong Sell” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Five 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 $54.20.

Several analysts have recently issued reports on CQP shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Cheniere Energy Partners in a research note on Monday, December 15th. Bank of America cut their price target 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.

Cheniere Energy Partners Stock Performance

NYSE CQP opened at $53.23 on Wednesday. The firm has a 50 day simple moving average of $53.03 and a 200-day simple moving average of $54.15. Cheniere Energy Partners has a one year low of $49.53 and a one year high of $68.42. The firm has a market cap of $25.76 billion, a price-to-earnings ratio of 13.86 and a beta of 0.37.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Wednesday, October 29th. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.21). Cheniere Energy Partners had a negative return on equity of 591.00% and a net margin of 22.54%.The business had revenue of $2.40 billion for the quarter. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were issued a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 5.8%. The ex-dividend date was Friday, November 7th. Cheniere Energy Partners’s payout ratio is 80.73%.

Hedge Funds Weigh In On Cheniere Energy Partners

A number of institutional investors and hedge funds have recently modified their holdings of CQP. Ameritas Advisory Services LLC purchased a new position in Cheniere Energy Partners in the second quarter valued at $26,000. Larson Financial Group LLC boosted its position in shares of 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 acquiring an additional 205 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Cheniere Energy Partners by 180.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock valued at $27,000 after acquiring an additional 306 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in shares of Cheniere Energy Partners during the 2nd quarter worth about $34,000. Finally, Parkside Financial Bank & Trust lifted its stake in Cheniere Energy Partners by 25.5% during the second quarter. Parkside Financial Bank & Trust now owns 924 shares of the company’s stock worth $52,000 after purchasing an additional 188 shares during the last quarter. Institutional investors and hedge funds own 46.55% of the company’s stock.

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.