Cheniere Energy Partners (NYSEAMERICAN:CQP) Shares Gap Down to $47.90

Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQPGet Rating) gapped down before the market opened on Thursday . The stock had previously closed at $47.90, but opened at $44.64. Cheniere Energy Partners shares last traded at $44.51, with a volume of 310 shares changing hands.

A number of research analysts have recently issued reports on CQP shares. US Capital Advisors downgraded shares of Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a research report on Friday, March 11th. Royal Bank of Canada lifted their price objective on shares of Cheniere Energy Partners from $46.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 8th. JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy Partners from $50.00 to $51.00 in a research report on Friday, April 29th. Barclays boosted their target price on shares of Cheniere Energy Partners from $44.00 to $48.00 and gave the stock an “underweight” rating in a research report on Monday, March 14th. Finally, TheStreet downgraded shares of Cheniere Energy Partners from a “b” rating to a “c+” rating in a research report on Friday, May 13th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $50.17.

The company has a current ratio of 1.64, a quick ratio of 1.51 and a debt-to-equity ratio of 23.92. The stock has a market capitalization of $21.11 billion, a price-to-earnings ratio of 14.89 and a beta of 0.85.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Thursday, May 5th were given a dividend of $0.775 per share. The ex-dividend date of this dividend was Wednesday, May 4th. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.70. This represents a $3.10 dividend on an annualized basis and a yield of 7.11%. Cheniere Energy Partners’s dividend payout ratio is currently 103.68%.

In other news, Director James Robert Ball sold 3,075 shares of the company’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $54.48, for a total transaction of $167,526.00. Following the completion of the sale, the director now owns 4,875 shares of the company’s stock, valued at $265,590. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Several institutional investors and hedge funds have recently made changes to their positions in CQP. Whittier Trust Co. lifted its position in shares of Cheniere Energy Partners by 364.6% during the first quarter. Whittier Trust Co. now owns 446 shares of the energy company’s stock worth $25,000 after purchasing an additional 350 shares in the last quarter. CENTRAL TRUST Co raised its holdings in Cheniere Energy Partners by 125.0% in the first quarter. CENTRAL TRUST Co now owns 450 shares of the energy company’s stock valued at $25,000 after acquiring an additional 250 shares in the last quarter. DB Wealth Management Group LLC acquired a new stake in Cheniere Energy Partners in the first quarter valued at approximately $25,000. CWM LLC acquired a new stake in Cheniere Energy Partners in the first quarter valued at approximately $34,000. Finally, Lazard Asset Management LLC acquired a new stake in Cheniere Energy Partners in the fourth quarter valued at approximately $53,000. 46.25% of the stock is owned by hedge funds and other institutional investors.

About Cheniere Energy Partners (NYSEAMERICAN:CQP)

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates natural gas liquefaction and export facility at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana. The company's regasification facilities include five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels with capacity of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day.

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