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

Cheniere Energy Partners (NYSE:CQP) had its price target raised by Barclays from $54.00 to $56.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an underweight rating on the stock.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. increased their price objective on Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an “underweight” rating in a report on Monday, April 28th. Stifel Nicolaus downgraded Cheniere Energy Partners from a “hold” rating to a “sell” rating and increased their price objective for the stock from $50.00 to $51.00 in a report on Friday, February 21st. Finally, Bank of America increased their price objective on Cheniere Energy Partners from $49.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, April 29th. Five equities research analysts have rated the stock with a sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $54.00.

Cheniere Energy Partners Price Performance

Shares of CQP opened at $58.62 on Wednesday. The company has a market capitalization of $28.38 billion, a price-to-earnings ratio of 13.76 and a beta of 0.45. Cheniere Energy Partners has a fifty-two week low of $46.73 and a fifty-two week high of $68.42. The business’s 50-day moving average is $58.97 and its 200-day moving average is $59.60.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Thursday, May 8th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.18 EPS. Equities research analysts expect that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, May 9th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 5.60%. The ex-dividend date was Friday, May 9th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.78. Cheniere Energy Partners’s dividend payout ratio (DPR) is 74.52%.

Hedge Funds Weigh In On Cheniere Energy Partners

Institutional investors have recently modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new stake in shares of Cheniere Energy Partners in the fourth quarter worth $29,000. Farther Finance Advisors LLC acquired a new stake in Cheniere Energy Partners during the first quarter worth $34,000. Montag A & Associates Inc. acquired a new stake in Cheniere Energy Partners during the first quarter worth $53,000. SVB Wealth LLC acquired a new stake in Cheniere Energy Partners during the first quarter worth $69,000. Finally, IFP Advisors Inc boosted its stake in Cheniere Energy Partners by 53.7% during the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock worth $97,000 after buying an additional 638 shares in the last quarter. 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.