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

Cheniere Energy Partners, L.P. (NYSE:CQP) has earned a consensus recommendation of “Reduce” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $60.4286.

A number of equities research analysts have recently weighed in on CQP shares. Zacks Research raised Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Wells Fargo & Company dropped their price objective on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating for the company in a research note on Friday, March 13th. Citigroup lifted their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the company a “sell” rating in a research note on Thursday, April 2nd. Bank of America lifted their price objective on Cheniere Energy Partners from $51.00 to $57.00 and gave the company an “underperform” rating in a research note on Friday, March 20th. Finally, Weiss Ratings cut Cheniere Energy Partners from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday.

Cheniere Energy Partners Trading Down 1.8%

Shares of NYSE CQP opened at $63.52 on Friday. Cheniere Energy Partners has a twelve month low of $49.53 and a twelve month high of $70.64. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 161.69. The stock has a fifty day simple moving average of $64.24 and a 200-day simple moving average of $58.74. The stock has a market capitalization of $30.75 billion, a PE ratio of 14.84 and a beta of 0.36.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data 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 firm had revenue of $3.60 billion during the quarter. During the same period in the previous year, the firm earned $1.08 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities analysts forecast that Cheniere Energy Partners will post 4.17 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Friday, May 8th. Cheniere Energy Partners’s payout ratio is presently 72.43%.

Institutional Trading of Cheniere Energy Partners

A number of institutional investors have recently bought and sold shares of CQP. Alps Advisors Inc. lifted its holdings in Cheniere Energy Partners by 3.7% during the 4th quarter. Alps Advisors Inc. now owns 9,338,942 shares of the company’s stock worth $499,447,000 after buying an additional 336,946 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its holdings in Cheniere Energy Partners by 37.6% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 1,092,866 shares of the company’s stock worth $58,446,000 after buying an additional 298,566 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Cheniere Energy Partners by 52,982.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 252,673 shares of the company’s stock worth $13,513,000 after buying an additional 252,197 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Cheniere Energy Partners during the 3rd quarter worth about $7,357,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in Cheniere Energy Partners during the 3rd quarter worth about $7,304,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

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.