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

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have been assigned a consensus rating of “Reduce” from the nine analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $61.4286.

Several research firms have recently weighed in on CQP. Weiss Ratings upgraded shares of Cheniere Energy Partners from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Barclays increased their target price on Cheniere Energy Partners from $63.00 to $66.00 and gave the company an “underweight” rating in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. raised their price target on Cheniere Energy Partners from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Friday, July 24th.

Cheniere Energy Partners Stock Performance

Shares of CQP opened at $68.38 on Monday. Cheniere Energy Partners has a 1-year low of $49.53 and a 1-year high of $70.64. The company has a market capitalization of $33.10 billion, a P/E ratio of 12.41 and a beta of 0.31. The company has a debt-to-equity ratio of 19.01, a current ratio of 1.22 and a quick ratio of 1.09. The firm’s 50 day simple moving average is $63.79 and its 200 day simple moving average is $63.15.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $1.13. The business had revenue of $2.58 billion during the quarter. Cheniere Energy Partners had a net margin of 27.31% and a return on equity of 1,121.60%. Cheniere Energy Partners’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. Sell-side analysts forecast that Cheniere Energy Partners will post 4.41 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, August 7th. Cheniere Energy Partners’s dividend payout ratio is presently 56.26%.

Hedge Funds Weigh In On Cheniere Energy Partners

A number of large investors have recently modified their holdings of CQP. Asset One Wealth Management LLC boosted its holdings in Cheniere Energy Partners by 1.6% during the 2nd quarter. Asset One Wealth Management LLC now owns 10,232 shares of the company’s stock valued at $636,000 after acquiring an additional 157 shares during the period. Larson Financial Group LLC grew its position in Cheniere Energy Partners by 68.3% during the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after acquiring an additional 205 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Cheniere Energy Partners by 1.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,451 shares of the company’s stock worth $740,000 after purchasing an additional 215 shares during the period. Powell Investment Advisors LLC increased its stake in Cheniere Energy Partners by 1.4% in the 1st quarter. Powell Investment Advisors LLC now owns 18,050 shares of the company’s stock worth $1,167,000 after purchasing an additional 250 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its position in Cheniere Energy Partners by 6.8% in the third quarter. Kestra Private Wealth Services LLC now owns 4,333 shares of the company’s stock valued at $233,000 after purchasing an additional 275 shares during the last quarter. 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.