Cheniere Energy Partners, L.P. (NYSE:CQP) Given Average Rating of “Strong Sell” by Analysts

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have been assigned a consensus recommendation of “Strong Sell” from the nine analysts that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $60.4286.

A number of equities research analysts have weighed in on the stock. Citigroup boosted their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock a “sell” rating in a report on Thursday, April 2nd. Bank of America raised their price target on shares of Cheniere Energy Partners from $51.00 to $57.00 and gave the company an “underperform” rating in a research note on Friday, March 20th. JPMorgan Chase & Co. lifted their price target on shares of Cheniere Energy Partners from $57.00 to $63.00 and gave the stock an “underweight” rating in a report on Friday, March 27th. Morgan Stanley increased their price objective 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. Finally, Wells Fargo & Company lowered their target price on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating for the company in a research report on Friday, March 13th.

Hedge Funds Weigh In On Cheniere Energy Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in CQP. Alps Advisors Inc. increased its position in Cheniere Energy Partners by 3.7% during the 4th quarter. Alps Advisors Inc. now owns 9,338,942 shares of the company’s stock valued at $499,447,000 after purchasing an additional 336,946 shares during the period. Tortoise Capital Advisors L.L.C. lifted its position in shares of Cheniere Energy Partners by 37.6% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 1,092,866 shares of the company’s stock worth $58,446,000 after purchasing an additional 298,566 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Cheniere Energy Partners by 52,982.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 252,673 shares of the company’s stock valued at $13,513,000 after purchasing an additional 252,197 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at $7,357,000. Finally, CIBC Private Wealth Group LLC bought a new stake in Cheniere Energy Partners during the third quarter valued at $7,304,000. 46.55% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Partners Stock Performance

Shares of CQP stock opened at $61.41 on Friday. The business’s 50-day moving average price is $62.49 and its 200-day moving average price is $60.48. Cheniere Energy Partners has a 12 month low of $49.53 and a 12 month high of $70.64. The firm has a market capitalization of $29.73 billion, a price-to-earnings ratio of 14.35 and a beta of 0.31. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 161.69.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($1.03). The firm had revenue of $3.60 billion during the quarter. Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. Cheniere Energy Partners’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 earnings per share. Equities research analysts forecast that Cheniere Energy Partners will post 4.19 EPS for the current year.

Cheniere Energy Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were paid a $0.775 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.10 annualized dividend and a dividend yield of 5.0%. Cheniere Energy Partners’s dividend payout ratio is presently 72.43%.

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.