Cheniere Energy Partners, L.P. (CQP) – What Are Investment Firms Saying About This Stock?

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have received an average recommendation of “Reduce” from the nine brokerages that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $62.00.

Several brokerages have recently weighed in on CQP. JPMorgan Chase & Co. upped their target price on Cheniere Energy Partners from $64.00 to $65.00 and gave the stock an “underweight” rating in a research report on Friday, September 4th. Barclays increased their target price on Cheniere Energy Partners from $63.00 to $66.00 and gave the company an “underweight” rating in a research note on Friday, August 7th. Weiss Ratings upgraded Cheniere Energy Partners from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada boosted their price target on Cheniere Energy Partners from $62.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Monday, August 24th.

Institutional Trading of Cheniere Energy Partners

A number of hedge funds have recently made changes to their positions in CQP. NEOS Investment Management LLC lifted its holdings in Cheniere Energy Partners by 39.4% in the 2nd quarter. NEOS Investment Management LLC now owns 352,339 shares of the company’s stock worth $21,475,000 after buying an additional 99,542 shares in the last quarter. Infrastructure Capital Advisors LLC grew its stake 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 in the last quarter. Abacus FCF Advisors LLC grew its stake in shares of Cheniere Energy Partners by 161.2% during 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. Royal Bank of Canada grew its stake in shares of Cheniere Energy Partners by 12.4% during the first quarter. Royal Bank of Canada now owns 45,659 shares of the company’s stock valued at $2,951,000 after acquiring an additional 5,020 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Cheniere Energy Partners by 6.8% during the first quarter. Sanctuary Advisors LLC now owns 38,356 shares of the company’s stock worth $2,479,000 after acquiring an additional 2,436 shares during the last quarter. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Up 0.1%

Shares of Cheniere Energy Partners stock opened at $63.62 on Tuesday. The company has a fifty day moving average price of $66.12 and a 200 day moving average price of $64.20. The company has a current ratio of 1.22, a quick ratio of 1.09 and a debt-to-equity ratio of 19.01. Cheniere Energy Partners has a twelve month low of $49.76 and a twelve month high of $71.25. The stock has a market cap of $30.80 billion, a price-to-earnings ratio of 15.06 and a beta of 0.34.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $1.13. Cheniere Energy Partners had a return on equity of 1,121.60% and a net margin of 27.31%. The firm had revenue of $2.58 billion during the quarter. During the same quarter in the prior year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that Cheniere Energy Partners will post 4.41 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were given a $0.7750 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $3.10 annualized dividend and a yield of 4.9%. Cheniere Energy Partners’s dividend payout ratio (DPR) is 56.26%.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (NYSE:CQP) is a publicly traded master limited partnership focused on the development, ownership and operation of liquefied natural gas (LNG) infrastructure. The partnership is sponsored by Cheniere Energy, Inc, a leading U.S. LNG company, through its ownership of Cheniere Energy Partners GP, LLC.

CQP’s principal assets include the Sabine Pass LNG facility in Cameron Parish, Louisiana, and interests associated with the Corpus Christi LNG facility in Texas.