Cheniere Energy Partners, L.P. (NYSE:CQP) Stock Now Rated “Reduce” by Sell-Side Brokerages

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have earned an average recommendation of “Reduce” from the ten research firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $62.25.

Several brokerages have recently weighed in on CQP. Weiss Ratings cut Cheniere Energy Partners from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Royal Bank Of Canada increased their target price on Cheniere Energy Partners from $62.00 to $65.00 and gave the company a “sector perform” rating in a research report on Monday, August 24th. JPMorgan Chase & Co. raised their target price on Cheniere Energy Partners from $64.00 to $65.00 and gave the stock an “underweight” rating in a report on Friday, September 4th. Barclays lifted their price objective 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. Finally, Morgan Stanley upped their price objective on Cheniere Energy Partners from $62.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, October 30th.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of institutional investors and hedge funds have recently modified their holdings of CQP. Strategic Wealth Partners Ltd. purchased a new stake in shares of Cheniere Energy Partners during the second quarter valued at $60,000. IFP Advisors Inc raised its stake in shares of Cheniere Energy Partners by 146.5% during the third quarter. IFP Advisors Inc now owns 1,198 shares of the company’s stock worth $73,000 after purchasing an additional 712 shares during the last quarter. Compass Financial Management LLC acquired a new position in Cheniere Energy Partners in the 2nd quarter valued at $79,000. CX Institutional acquired a new stake in shares of Cheniere Energy Partners in the 2nd quarter valued at about $86,000. Finally, Assetmark Inc. acquired a new stake in Cheniere Energy Partners in the 1st quarter valued at about $102,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Partners Stock Performance

NYSE:CQP opened at $57.36 on Friday. The firm has a market capitalization of $27.77 billion, a PE ratio of 10.03 and a beta of 0.30. The company has a debt-to-equity ratio of 16.25, a quick ratio of 1.07 and a current ratio of 1.19. The stock has a 50-day simple moving average of $64.75 and a two-hundred day simple moving average of $63.40. Cheniere Energy Partners has a 52-week low of $49.76 and a 52-week high of $71.25.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Thursday, October 29th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.03. The business had revenue of $2.57 billion for the quarter. Cheniere Energy Partners had a return on equity of 497.69% and a net margin of 28.05%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Analysts forecast that Cheniere Energy Partners will post 4.49 EPS for the current year.

Cheniere Energy Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, November 3rd will be issued a dividend of $0.1150 per share. The ex-dividend date is Tuesday, November 3rd. This is a drop from Cheniere Energy Partners’s previous quarterly dividend of $0.7750. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy Partners’s dividend payout ratio is 54.20%.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. is a publicly traded limited partnership focused on liquefied natural gas (LNG) infrastructure. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana, where natural gas is processed into LNG for export.

The partnership’s facilities include LNG liquefaction and storage infrastructure, marine loading facilities, and the Creole Trail Pipeline, which connects the terminal to natural gas supply networks. Sabine Pass began exporting LNG in 2016, marking an important early step in the growth of U.S.