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

Cheniere Energy Partners, L.P. (NYSE:CQP) has received an average recommendation of “Reduce” from the nine analysts that are covering the stock, Marketbeat.com reports. Five research 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 price objective among brokerages that have covered the stock in the last year is $60.4286.

Several equities analysts recently issued reports on CQP shares. Royal Bank Of Canada upped their price objective on Cheniere Energy Partners from $58.00 to $62.00 and gave the company a “sector perform” rating in a research report on Friday, March 6th. Zacks Research raised Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. upped their price objective on Cheniere Energy Partners from $57.00 to $63.00 and gave the company an “underweight” rating in a research report on Friday, March 27th. Barclays upped their price objective on Cheniere Energy Partners from $55.00 to $60.00 and gave the company an “underweight” rating in a research report on Friday, February 27th. Finally, Morgan Stanley upped their price objective on Cheniere Energy Partners from $55.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, March 23rd.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of large investors have recently added to or reduced their stakes in CQP. NewEdge Advisors LLC grew its position in Cheniere Energy Partners by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock worth $642,000 after purchasing an additional 300 shares during the period. Jones Financial Companies Lllp grew its position in Cheniere Energy Partners by 1,863.4% in the 1st quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company’s stock worth $464,000 after purchasing an additional 6,671 shares during the period. Creative Planning grew its position in Cheniere Energy Partners by 18.4% in the 2nd quarter. Creative Planning now owns 5,326 shares of the company’s stock worth $299,000 after purchasing an additional 826 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Cheniere Energy Partners by 180.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after purchasing an additional 306 shares during the period. Finally, Bank of America Corp DE grew its position in Cheniere Energy Partners by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 319,717 shares of the company’s stock worth $17,920,000 after purchasing an additional 3,659 shares during the period. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

Shares of NYSE CQP opened at $63.71 on Friday. 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 50 day simple moving average of $64.18 and a two-hundred day simple moving average of $58.36. The company has a market capitalization of $30.84 billion, a price-to-earnings ratio of 14.88 and a beta of 0.36. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.37 and a current ratio of 0.42.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Wednesday, May 6th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($1.03). Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. The business had revenue of $3.60 billion for the quarter. During the same period last year, the company earned $1.08 earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. Analysts expect that Cheniere Energy Partners will post 4.17 EPS for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were given a $0.775 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.10 annualized dividend and a yield of 4.9%. 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.