Cheniere Energy Partners, L.P. (NYSE:CQP) Receives $61.00 Consensus Target Price from Analysts

Cheniere Energy Partners, L.P. (NYSE:CQP) has received an average recommendation of “Reduce” from the nine brokerages that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $61.00.

CQP has been the topic of several recent research reports. Barclays raised their target price on Cheniere Energy Partners from $60.00 to $63.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. upped their target price on Cheniere Energy Partners from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 20th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CX Institutional acquired a new position in Cheniere Energy Partners during the 2nd quarter worth $86,000. NewEdge Advisors LLC lifted its stake in shares of Cheniere Energy Partners by 9.5% in the first quarter. NewEdge Advisors LLC now owns 9,294 shares of the company’s stock valued at $601,000 after buying an additional 807 shares during the period. Royal Bank of Canada lifted its position in shares of Cheniere Energy Partners by 12.4% in the 1st quarter. Royal Bank of Canada now owns 45,659 shares of the company’s stock worth $2,951,000 after acquiring an additional 5,020 shares during the period. Empowered Funds LLC boosted its stake in Cheniere Energy Partners by 5.1% during the first quarter. Empowered Funds LLC now owns 36,642 shares of the company’s stock worth $2,368,000 after buying an additional 1,780 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Cheniere Energy Partners during the 1st quarter valued at about $350,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Performance

Shares of CQP opened at $66.37 on Thursday. The company’s fifty day moving average is $62.60 and its 200-day moving average is $62.08. Cheniere Energy Partners has a 12 month low of $49.53 and a 12 month high of $70.64. The firm has a market cap of $32.13 billion, a price-to-earnings ratio of 15.51 and a beta of 0.31. The company has a quick ratio of 0.37, a current ratio of 0.42 and a debt-to-equity ratio of 161.69.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($1.03). The business had revenue of $3.60 billion during the quarter. Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. Equities analysts expect that Cheniere Energy Partners will post 4.26 EPS for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 7th will be issued a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, August 7th. Cheniere Energy Partners’s dividend payout ratio is currently 72.43%.

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.