Cheniere Energy Partners (NYSE:CQP) Given New $62.00 Price Target at Royal Bank Of Canada

Cheniere Energy Partners (NYSE:CQP) had its price target boosted by Royal Bank Of Canada from $58.00 to $62.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a sector perform rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Citigroup decreased their price objective on shares of Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating for the company in a report on Monday, January 12th. Zacks Research cut shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Weiss Ratings raised shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 25th. Bank of America lowered their price objective on shares of Cheniere Energy Partners from $53.00 to $51.00 and set an “underperform” rating for the company in a research report on Thursday, December 11th. Finally, Morgan Stanley dropped their price objective on Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 24th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, Cheniere Energy Partners presently has a consensus rating of “Strong Sell” and an average target price of $55.86.

Cheniere Energy Partners Trading Down 1.7%

Cheniere Energy Partners stock traded down $1.11 during trading hours on Friday, reaching $63.00. 89,606 shares of the company’s stock traded hands, compared to its average volume of 99,317. The firm has a market capitalization of $30.50 billion, a price-to-earnings ratio of 12.19 and a beta of 0.40. The company has a debt-to-equity ratio of 34.21, a quick ratio of 0.68 and a current ratio of 0.78. Cheniere Energy Partners has a fifty-two week low of $49.53 and a fifty-two week high of $68.42. The firm’s 50 day moving average is $57.28 and its 200-day moving average is $54.68.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Wednesday, February 25th. The company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $1.27. Cheniere Energy Partners had a negative return on equity of 1,446.48% and a net margin of 27.76%.The business had revenue of $2.91 billion during the quarter. During the same quarter in the prior year, the company posted $1.05 EPS. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts predict that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 9th were issued a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 4.9%. The ex-dividend date was Monday, February 9th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 59.96%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CQP. Hussman Strategic Advisors Inc. acquired a new stake in shares of Cheniere Energy Partners in the third quarter valued at approximately $1,130,000. Alps Advisors Inc. boosted its holdings in Cheniere Energy Partners by 2.3% during the third quarter. Alps Advisors Inc. now owns 9,001,996 shares of the company’s stock worth $484,487,000 after purchasing an additional 206,306 shares during the last quarter. Disciplined Investors L.L.C. boosted its holdings in Cheniere Energy Partners by 174.0% during the second quarter. Disciplined Investors L.L.C. now owns 8,446 shares of the company’s stock worth $473,000 after purchasing an additional 5,364 shares during the last quarter. Mediolanum International Funds Ltd grew its position in Cheniere Energy Partners by 67.7% in the second quarter. Mediolanum International Funds Ltd now owns 31,037 shares of the company’s stock valued at $1,740,000 after purchasing an additional 12,526 shares in the last quarter. Finally, Energy Income Partners LLC grew its position in Cheniere Energy Partners by 4.3% in the second quarter. Energy Income Partners LLC now owns 1,016,265 shares of the company’s stock valued at $56,962,000 after purchasing an additional 41,707 shares in the last quarter. 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.