Analysts Set Cheniere Energy Partners, L.P. (NYSE:CQP) Target Price at $54.20

Cheniere Energy Partners, L.P. (NYSE:CQP) has received an average rating of “Strong Sell” from the seven research firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a sell rating and one has given a hold rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $53.3333.

Several research firms recently issued reports on CQP. Bank of America cut their target price on Cheniere Energy Partners from $53.00 to $51.00 and set an “underperform” rating on the stock in a research report on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Cheniere Energy Partners in a report on Monday, December 29th. Finally, Citigroup decreased their target price on Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating for the company in a report on Monday.

Cheniere Energy Partners Stock Performance

Shares of CQP stock opened at $54.73 on Friday. The firm has a market capitalization of $26.49 billion, a price-to-earnings ratio of 14.25 and a beta of 0.40. The stock’s 50-day simple moving average is $53.48 and its 200-day simple moving average is $53.77. Cheniere Energy Partners has a fifty-two week low of $49.53 and a fifty-two week high of $68.42.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Wednesday, October 29th. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.40 billion during the quarter. During the same period in the previous year, the business earned $1.08 EPS. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts forecast that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 5.7%. The ex-dividend date was Friday, November 7th. Cheniere Energy Partners’s payout ratio is presently 80.73%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC purchased a new stake in Cheniere Energy Partners in the second quarter valued at $26,000. Northwestern Mutual Wealth Management Co. boosted 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 buying an additional 306 shares during the last quarter. Larson Financial Group LLC grew its holdings in Cheniere Energy Partners by 68.3% during the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after acquiring an additional 205 shares during the period. Gables Capital Management Inc. purchased a new position in Cheniere Energy Partners during the second quarter valued at approximately $34,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Cheniere Energy Partners by 25.5% in the second quarter. Parkside Financial Bank & Trust now owns 924 shares of the company’s stock valued at $52,000 after acquiring an additional 188 shares during the period. 46.55% of the stock is currently owned by institutional investors and hedge funds.

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.