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

Cheniere Energy Partners, L.P. (NYSE:CQP) has earned an average recommendation of “Strong Sell” from the seven research firms that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a sell recommendation and one has given a hold recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $53.3333.

Several equities research analysts have commented on CQP shares. Citigroup dropped their price target on Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating for the company in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Cheniere Energy Partners in a research report on Monday, December 29th. Finally, Bank of America reduced their price target on shares of 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.

Cheniere Energy Partners Stock Up 1.7%

Shares of NYSE CQP opened at $57.95 on Thursday. The stock has a market capitalization of $28.05 billion, a PE ratio of 15.09 and a beta of 0.42. The firm has a fifty day moving average of $54.75 and a 200-day moving average of $53.96. Cheniere Energy Partners has a 52-week low of $49.53 and a 52-week high of $68.42.

Cheniere Energy Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, February 9th will be given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Monday, February 9th. Cheniere Energy Partners’s dividend payout ratio is 80.73%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CQP. Alps Advisors Inc. grew its stake in shares of Cheniere Energy Partners by 2.3% in the third quarter. Alps Advisors Inc. now owns 9,001,996 shares of the company’s stock valued at $484,487,000 after buying an additional 206,306 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cheniere Energy Partners by 2.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,784,925 shares of the company’s stock worth $149,885,000 after acquiring an additional 68,599 shares during the period. Energy Income Partners LLC grew its position in Cheniere Energy Partners by 3.0% in the third quarter. Energy Income Partners LLC now owns 1,046,437 shares of the company’s stock valued at $56,319,000 after acquiring an additional 30,172 shares in the last quarter. UBS Group AG grew its position in Cheniere Energy Partners by 5.2% in the fourth quarter. UBS Group AG now owns 594,594 shares of the company’s stock valued at $31,799,000 after acquiring an additional 29,517 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Cheniere Energy Partners by 1.2% during the second quarter. Bank of America Corp DE now owns 319,717 shares of the company’s stock valued at $17,920,000 after purchasing an additional 3,659 shares during the period. Institutional investors and hedge funds own 46.55% of the company’s stock.

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.