Cheniere Energy Partners, L.P. (NYSE:CQP) Receives Average Rating of “Reduce” from Analysts

Cheniere Energy Partners, L.P. (NYSE:CQP) has earned a consensus recommendation of “Reduce” from the five ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $49.00.

A number of research firms have commented on CQP. UBS Group cut their target price on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Barclays reduced their price objective on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a research report on Thursday, April 18th. Finally, Sanford C. Bernstein began coverage on Cheniere Energy Partners in a research report on Monday, June 24th. They issued a “market perform” rating on the stock.

Cheniere Energy Partners Price Performance

Cheniere Energy Partners stock opened at $49.11 on Monday. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $62.34. The firm’s fifty day simple moving average is $48.64. The stock has a market capitalization of $23.77 billion, a PE ratio of 10.61 and a beta of 0.67.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Friday, May 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.21. Cheniere Energy Partners had a net margin of 33.19% and a negative return on equity of 275.07%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the business earned $3.50 EPS. The business’s revenue for the quarter was down 21.3% compared to the same quarter last year. As a group, research analysts anticipate that Cheniere Energy Partners will post 4.61 earnings per share for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, May 9th were paid a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 6.31%. The ex-dividend date was Wednesday, May 8th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 66.95%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Cheniere Energy Partners by 15.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,677 shares of the company’s stock worth $110,119,000 after purchasing an additional 298,335 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Cheniere Energy Partners by 37.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the company’s stock worth $30,624,000 after buying an additional 167,567 shares during the period. Alps Advisors Inc. increased its stake in Cheniere Energy Partners by 13.1% in the 3rd quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock worth $376,776,000 after buying an additional 802,824 shares in the last quarter. Requisite Capital Management LLC bought a new stake in Cheniere Energy Partners during the fourth quarter valued at about $3,419,000. Finally, Custom Index Systems LLC purchased a new position in shares of Cheniere Energy Partners in the fourth quarter valued at about $1,429,000. 46.55% of the stock is currently owned by institutional investors.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.