Cheniere Energy Partners, L.P. (NYSE:CQP) Given Consensus Rating of “Reduce” by Brokerages

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have received a consensus rating of “Reduce” from the nine research firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $61.8571.

CQP has been the subject of a number of analyst reports. Weiss Ratings raised Cheniere Energy Partners from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. raised their price objective on Cheniere Energy Partners from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Friday, July 24th. Barclays boosted their price objective on Cheniere Energy Partners from $63.00 to $66.00 and gave the company an “underweight” rating in a research report on Friday, August 7th. Finally, Royal Bank Of Canada upped their target price on Cheniere Energy Partners from $62.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Monday.

Hedge Funds Weigh In On Cheniere Energy Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CQP. Hussman Strategic Advisors Inc. increased its stake in Cheniere Energy Partners by 100.0% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock worth $2,246,000 after buying an additional 21,000 shares in the last quarter. Infrastructure Capital Advisors LLC raised its holdings in shares of Cheniere Energy Partners by 43.3% during the first quarter. Infrastructure Capital Advisors LLC now owns 226,611 shares of the company’s stock valued at $14,646,000 after acquiring an additional 68,436 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Cheniere Energy Partners by 3.7% in the fourth quarter. Alps Advisors Inc. now owns 9,338,942 shares of the company’s stock valued at $499,447,000 after acquiring an additional 336,946 shares in the last quarter. Abacus FCF Advisors LLC lifted its position in shares of Cheniere Energy Partners by 161.2% in the second quarter. Abacus FCF Advisors LLC now owns 195,939 shares of the company’s stock valued at $11,942,000 after acquiring an additional 120,937 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Cheniere Energy Partners by 5.2% in the fourth quarter. UBS Group AG now owns 594,594 shares of the company’s stock worth $31,799,000 after acquiring an additional 29,517 shares during the last quarter. 46.55% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Partners Stock Up 0.3%

CQP opened at $68.59 on Monday. The company has a fifty day moving average of $64.72 and a two-hundred day moving average of $63.50. The stock has a market capitalization of $33.20 billion, a price-to-earnings ratio of 12.45 and a beta of 0.31. Cheniere Energy Partners has a fifty-two week low of $49.53 and a fifty-two week high of $70.64. The company has a debt-to-equity ratio of 19.01, a quick ratio of 1.09 and a current ratio of 1.22.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Wednesday, August 5th. The company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $1.13. Cheniere Energy Partners had a net margin of 27.31% and a return on equity of 1,121.60%. The business had revenue of $2.58 billion for the quarter. During the same period in the previous year, the company earned $0.91 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. On average, research analysts expect that Cheniere Energy Partners will post 4.41 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were issued a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, August 7th. Cheniere Energy Partners’s payout ratio is presently 56.26%.

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.