Cheniere Energy Partners, L.P. (NYSE:CQP) Given Consensus Rating of “Strong Sell” by Brokerages

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have been given an average rating of “Strong Sell” by the six brokerages that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell rating and one has issued a hold rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $54.60.

Several equities analysts have recently commented on CQP shares. Wells Fargo & Company lowered their price objective on Cheniere Energy Partners from $61.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 12th. Barclays decreased their target price on Cheniere Energy Partners from $56.00 to $55.00 and set an “underweight” rating on the stock in a research note on Thursday, August 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cheniere Energy Partners in a report on Wednesday.

Institutional Trading of Cheniere Energy Partners

A number of large investors have recently added to or reduced their stakes in CQP. Ameritas Advisory Services LLC purchased a new stake in shares of Cheniere Energy Partners during the 2nd quarter worth approximately $26,000. Larson Financial Group LLC increased its position in Cheniere Energy Partners by 68.3% in the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after purchasing an additional 205 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Cheniere Energy Partners by 180.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock valued at $27,000 after purchasing an additional 306 shares in the last quarter. Gables Capital Management Inc. bought a new position in Cheniere Energy Partners during the second quarter valued at $34,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Cheniere Energy Partners by 25.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 924 shares of the company’s stock worth $52,000 after buying an additional 188 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Performance

Shares of Cheniere Energy Partners stock opened at $52.72 on Friday. Cheniere Energy Partners has a fifty-two week low of $49.53 and a fifty-two week high of $68.42. The company has a market capitalization of $25.52 billion, a P/E ratio of 12.80 and a beta of 0.40. The company has a fifty day moving average of $52.71 and a 200 day moving average of $54.82.

Cheniere Energy Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were given a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Friday, November 7th. Cheniere Energy Partners’s payout ratio is currently 80.73%.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.