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 received a consensus recommendation of “Strong Sell” from the nine analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $60.4286.

Several analysts have recently weighed in on CQP shares. Bank of America lifted their price objective 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. Citigroup raised their price target 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. Weiss Ratings downgraded shares of Cheniere Energy Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Wells Fargo & Company dropped their price objective on shares of Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating on the stock in a report on Friday, March 13th. Finally, Morgan Stanley increased their price objective on shares of Cheniere Energy Partners from $55.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Monday, March 23rd.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of Cheniere Energy Partners by 68.3% during the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after acquiring an additional 205 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Cheniere Energy Partners by 1.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,451 shares of the company’s stock worth $740,000 after purchasing an additional 215 shares in the last quarter. Disciplined Investors L.L.C. grew its position in Cheniere Energy Partners by 2.6% in the 3rd quarter. Disciplined Investors L.L.C. now owns 8,669 shares of the company’s stock valued at $467,000 after purchasing an additional 223 shares during the period. Powell Investment Advisors LLC grew its position in Cheniere Energy Partners by 1.4% in the 1st quarter. Powell Investment Advisors LLC now owns 18,050 shares of the company’s stock valued at $1,167,000 after purchasing an additional 250 shares during the period. Finally, Kestra Private Wealth Services LLC increased its stake in Cheniere Energy Partners by 6.8% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,333 shares of the company’s stock valued at $233,000 after purchasing an additional 275 shares in the last quarter. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Trading Up 0.1%

NYSE CQP opened at $61.41 on Friday. The stock has a market capitalization of $29.73 billion, a P/E ratio of 14.35 and a beta of 0.31. The business has a 50 day simple moving average of $62.49 and a 200 day simple moving average of $60.48. The company has a debt-to-equity ratio of 161.69, a current ratio of 0.42 and a quick ratio of 0.37. Cheniere Energy Partners has a one year low of $49.53 and a one year high of $70.64.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results 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 business 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%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 earnings per share. Research analysts expect that Cheniere Energy Partners will post 4.19 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

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