Cheniere Energy Partners (NYSE:CQP) Given New $63.00 Price Target at JPMorgan Chase & Co.

Cheniere Energy Partners (NYSE:CQP) had its price target increased by JPMorgan Chase & Co. from $57.00 to $63.00 in a report released on Friday,Benzinga reports. They currently have an underweight rating on the stock.

Several other research analysts have also commented on the stock. Weiss Ratings raised shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. Zacks Research raised shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Bank of America raised their target price on shares of Cheniere Energy Partners from $51.00 to $57.00 and gave the stock an “underperform” rating in a report on Friday, March 20th. Barclays upped their price target on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the company an “underweight” rating in a report on Friday, February 27th. Finally, Morgan Stanley increased their price objective on shares of Cheniere Energy Partners from $55.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Monday, March 23rd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $59.57.

Cheniere Energy Partners Trading Down 6.0%

Shares of CQP stock opened at $65.19 on Friday. The company has a market cap of $31.56 billion, a PE ratio of 12.61 and a beta of 0.40. Cheniere Energy Partners has a 1 year low of $49.53 and a 1 year high of $70.64. The stock’s 50 day simple moving average is $60.68 and its two-hundred day simple moving average is $55.85. The company has a debt-to-equity ratio of 34.21, a current ratio of 0.78 and a quick ratio of 0.68.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Wednesday, February 25th. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $1.27. Cheniere Energy Partners had a negative return on equity of 1,446.48% and a net margin of 27.76%.The firm had revenue of $2.91 billion during the quarter. During the same quarter last year, the firm posted $1.05 EPS. Cheniere Energy Partners’s revenue for the quarter was up 18.3% compared to the same quarter last year. Research analysts predict that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 9th were given a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, February 9th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 59.96%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in Cheniere Energy Partners by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock valued at $642,000 after buying an additional 300 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Cheniere Energy Partners by 1,863.4% in the 1st quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company’s stock worth $464,000 after acquiring an additional 6,671 shares in the last quarter. Creative Planning increased its position in shares of Cheniere Energy Partners by 18.4% during the second quarter. Creative Planning now owns 5,326 shares of the company’s stock worth $299,000 after acquiring an additional 826 shares during the period. MAI Capital Management increased its position in shares of Cheniere Energy Partners by 1,339.3% during the second quarter. MAI Capital Management now owns 1,612 shares of the company’s stock worth $90,000 after acquiring an additional 1,500 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Cheniere Energy Partners by 180.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock valued at $27,000 after acquiring an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Company Profile

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.