Cheniere Energy Partners, L.P. (NYSE:CQP) Receives Average Recommendation of “Strong Sell” from Brokerages

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have been assigned a consensus rating of “Strong Sell” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $54.8333.

Several equities analysts recently commented on the stock. Citigroup reduced their price objective on shares of Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating for the company in a research note on Monday, January 12th. Barclays boosted their price target on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the company an “underweight” rating in a research report on Friday. Bank of America lowered their price objective on Cheniere Energy Partners from $53.00 to $51.00 and set an “underperform” rating on the stock in a research report on Thursday, December 11th. Morgan Stanley reduced their target price on Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 24th. Finally, Zacks Research lowered Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th.

Institutional Investors Weigh In On Cheniere Energy Partners

Several hedge funds have recently bought and sold shares of CQP. Larson Financial Group LLC increased its holdings in shares of 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 buying an additional 205 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Cheniere Energy Partners by 180.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after acquiring an additional 306 shares during the last quarter. Caldwell Trust Co purchased a new position in Cheniere Energy Partners in the fourth quarter worth $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Cheniere Energy Partners in the fourth quarter valued at $51,000. Finally, Parkside Financial Bank & Trust raised its position in 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 purchasing an additional 188 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Stock Performance

NYSE:CQP opened at $61.07 on Monday. The business’s fifty day moving average is $56.35 and its 200 day moving average is $54.38. The firm has a market cap of $29.56 billion, a price-to-earnings ratio of 11.81 and a beta of 0.40. The company has a debt-to-equity ratio of 34.21, a quick ratio of 0.68 and a current ratio of 0.78. Cheniere Energy Partners has a 52-week low of $49.53 and a 52-week high of $68.42.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Wednesday, February 25th. The company reported $2.38 earnings per share for the quarter, beating 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 business had revenue of $2.91 billion during the quarter. During the same period in the previous year, the firm earned $1.05 EPS. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. Research analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current year.

Cheniere Energy Partners Announces Dividend

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

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.