Barclays Forecasts Strong Price Appreciation for Cheniere Energy Partners (NYSE:CQP) Stock

Cheniere Energy Partners (NYSE:CQP) had its price objective hoisted by Barclays from $46.00 to $54.00 in a report published on Thursday,Benzinga reports. They currently have an underweight rating on the stock.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research note on Wednesday, December 18th. Bank of America began coverage on shares of Cheniere Energy Partners in a research report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price target on the stock.

Cheniere Energy Partners Trading Up 0.3 %

CQP opened at $62.09 on Thursday. The stock has a market capitalization of $30.05 billion, a PE ratio of 13.41 and a beta of 0.75. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $62.50. The company has a 50-day moving average of $55.47.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, October 31st. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. On average, sell-side analysts expect that Cheniere Energy Partners will post 4.32 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 66.95%.

Institutional Trading of Cheniere Energy Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of CQP. JPMorgan Chase & Co. increased its holdings in Cheniere Energy Partners by 21.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock worth $37,264,000 after acquiring an additional 137,477 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $1,286,000. Rockefeller Capital Management L.P. bought a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $866,000. M&T Bank Corp bought a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $587,000. Finally, Blankinship & Foster LLC bought a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $424,000. Institutional investors own 46.55% of the company’s stock.

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.