Barclays Issues Positive Forecast for Cheniere Energy Partners (NYSE:CQP) Stock Price

Cheniere Energy Partners (NYSE:CQP) had its target price increased by Barclays from $55.00 to $60.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

CQP has been the topic of several other reports. Zacks Research downgraded Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Bank of America decreased their price objective on Cheniere Energy Partners from $53.00 to $51.00 and set an “underperform” rating for the company in a report on Thursday, December 11th. Citigroup dropped their target price on shares of Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating on the stock in a report on Monday, January 12th. Weiss Ratings upgraded shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Morgan Stanley lowered their price target on shares of Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Strong Sell” and an average target price of $54.83.

Cheniere Energy Partners Stock Up 0.5%

CQP stock traded up $0.32 during trading on Friday, hitting $61.07. The company had a trading volume of 75,817 shares, compared to its average volume of 91,620. Cheniere Energy Partners has a 52-week low of $49.53 and a 52-week high of $68.42. The company has a 50 day simple moving average of $56.35 and a 200-day simple moving average of $54.37. The firm has a market capitalization of $29.56 billion, a P/E ratio of 11.81 and a beta of 0.42.

Cheniere Energy Partners (NYSE:CQP) last issued 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 net margin of 27.76% and a negative return on equity of 664.33%. The business had revenue of $2.91 billion for the quarter. During the same quarter in the prior year, the company earned $1.05 earnings per share. Cheniere Energy Partners’s revenue was up 18.3% on a year-over-year basis. Sell-side analysts forecast that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 9th were given a $0.775 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.1%. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 80.73%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its stake in Cheniere Energy Partners by 68.3% in the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after purchasing an additional 205 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cheniere Energy Partners by 180.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after buying an additional 306 shares during the last quarter. Caldwell Trust Co acquired a new stake in shares of Cheniere Energy Partners during the fourth quarter worth $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Cheniere Energy Partners during the fourth quarter worth $51,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Cheniere Energy Partners by 25.5% during the second quarter. Parkside Financial Bank & Trust now owns 924 shares of the company’s stock valued at $52,000 after buying an additional 188 shares during the last quarter. 46.55% of the stock is 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’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.