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

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have received a consensus rating of “Reduce” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $58.8571.

Several research analysts have commented on CQP shares. 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. Morgan Stanley upped their price target on shares of Cheniere Energy Partners from $55.00 to $72.00 and gave the stock an “equal weight” rating in a report on Monday. Barclays increased their price objective on Cheniere Energy Partners from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Friday, February 27th. Zacks Research raised Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Finally, Citigroup decreased their target price on Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating on the stock in a research note on Monday, January 12th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CQP. Virtus Investment Advisers LLC lifted its position in Cheniere Energy Partners by 6.7% during the second quarter. Virtus Investment Advisers LLC now owns 3,064 shares of the company’s stock valued at $172,000 after purchasing an additional 193 shares during the last quarter. 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 worth $27,000 after buying an additional 205 shares in the last quarter. Disciplined Investors L.L.C. increased its holdings in shares of 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 worth $467,000 after buying an additional 223 shares during the last quarter. Powell Investment Advisors LLC increased its holdings in shares of Cheniere Energy Partners by 1.5% in the 3rd quarter. Powell Investment Advisors LLC now owns 17,529 shares of the company’s stock worth $943,000 after buying an additional 259 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in shares of 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 buying an additional 275 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Trading Up 3.0%

Shares of Cheniere Energy Partners stock opened at $69.22 on Friday. The company’s 50-day moving average price is $60.51 and its 200-day moving average price is $55.77. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 34.21. Cheniere Energy Partners has a 12-month low of $49.53 and a 12-month high of $70.64. The company has a market cap of $33.50 billion, a price-to-earnings ratio of 13.39 and a beta of 0.40.

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

Cheniere Energy Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 9th were issued a dividend of $0.775 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $3.10 annualized dividend and a dividend yield of 4.5%. Cheniere Energy Partners’s payout ratio is presently 59.96%.

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.