Cheniere Energy Partners, L.P. (NYSE:CQP) Stock Now Rated “Reduce” by Wall Street Brokerages

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have been assigned a consensus rating of “Reduce” from the nine research firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $62.00.

A number of equities research analysts recently commented on CQP shares. JPMorgan Chase & Co. upped their target price on Cheniere Energy Partners from $64.00 to $65.00 and gave the company an “underweight” rating in a research report on Friday, September 4th. Barclays upped their price objective on shares of Cheniere Energy Partners from $63.00 to $66.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Royal Bank Of Canada raised their target price on shares of Cheniere Energy Partners from $62.00 to $65.00 and gave the stock a “sector perform” rating in a report on Monday, August 24th. Finally, 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.

Cheniere Energy Partners Trading Down 0.6%

Shares of Cheniere Energy Partners stock opened at $63.91 on Friday. The firm’s 50 day simple moving average is $66.81 and its two-hundred day simple moving average is $64.52. The firm has a market capitalization of $30.94 billion, a price-to-earnings ratio of 11.60 and a beta of 0.32. Cheniere Energy Partners has a 12-month low of $49.53 and a 12-month high of $71.25. The company has a current ratio of 1.22, a quick ratio of 1.09 and a debt-to-equity ratio of 19.01.

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

Cheniere Energy Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were issued a dividend of $0.7750 per share. This represents a $3.10 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, August 7th. Cheniere Energy Partners’s payout ratio is 56.26%.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of institutional investors have recently modified their holdings of the business. First Pacific Financial purchased a new position in shares of Cheniere Energy Partners during the 1st quarter valued at approximately $32,000. Strategic Wealth Partners Ltd. acquired a new position in Cheniere Energy Partners during the second quarter worth $60,000. Compass Financial Management LLC acquired a new position in Cheniere Energy Partners during the second quarter worth $79,000. CX Institutional purchased a new position in Cheniere Energy Partners during the second quarter valued at $86,000. Finally, Assetmark Inc. acquired a new stake in shares of Cheniere Energy Partners in the first quarter valued at about $102,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

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 is managed by Cheniere Energy, Inc and focuses on the production, liquefaction, storage, and export of LNG, as well as the receipt and regasification of natural gas.

Cheniere Energy Partners’ principal assets include the Sabine Pass LNG facility in Louisiana and interests associated with the Corpus Christi LNG facility in Texas.