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

Cheniere Energy Partners, L.P. (NYSE:CQP) has been given an average rating of “Reduce” by the nine ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $61.00.

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy Partners from $63.00 to $64.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Citigroup upped their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the company a “sell” rating in a research note on Thursday, April 2nd. Barclays raised their target price on Cheniere Energy Partners from $60.00 to $63.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC grew its stake in Cheniere Energy Partners by 68.3% in the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after buying an additional 205 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Cheniere Energy Partners by 180.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after acquiring an additional 306 shares in the last quarter. Caldwell Trust Co bought a new position in shares of Cheniere Energy Partners in the fourth quarter worth $29,000. First Pacific Financial purchased a new position in shares of Cheniere Energy Partners in the first quarter valued at $32,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Cheniere Energy Partners during the 4th quarter valued at $51,000. 46.55% of the stock is owned by institutional investors.

Cheniere Energy Partners Trading Up 0.6%

Shares of CQP stock opened at $64.46 on Thursday. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.37 and a current ratio of 0.42. The company has a market capitalization of $31.20 billion, a price-to-earnings ratio of 15.06 and a beta of 0.31. Cheniere Energy Partners has a 52-week low of $49.53 and a 52-week high of $70.64. The company has a 50-day simple moving average of $62.48 and a two-hundred day simple moving average of $61.83.

Cheniere Energy Partners (NYSE:CQP) last released its 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 firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 earnings per share. Research analysts anticipate that Cheniere Energy Partners will post 4.22 EPS for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 7th will be paid a $0.775 dividend. The ex-dividend date is Friday, August 7th. This represents a $3.10 annualized dividend and a dividend yield of 4.8%. Cheniere Energy Partners’s dividend payout ratio (DPR) 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.