Cheniere Energy Partners, L.P. (NYSE:CQP) Given Consensus Recommendation of “Reduce” by Analysts

Cheniere Energy Partners, L.P. (NYSE:CQP) has been assigned a consensus rating of “Reduce” from the five research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $49.25.

A number of equities analysts recently commented on the stock. Sanford C. Bernstein began coverage on shares of Cheniere Energy Partners in a research report on Monday, June 24th. They set a “market perform” rating on the stock. Barclays lifted their price target on shares of Cheniere Energy Partners from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, July 17th. Finally, UBS Group reduced their price target on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th.

Cheniere Energy Partners Stock Performance

Shares of NYSE CQP opened at $49.76 on Tuesday. The company has a market capitalization of $24.09 billion, a price-to-earnings ratio of 10.75 and a beta of 0.69. The business’s 50 day moving average price is $50.12. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. Cheniere Energy Partners had a negative return on equity of 275.07% and a net margin of 33.19%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.04 billion. On average, research analysts predict that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were given a $0.775 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.62. This represents a $3.10 annualized dividend and a dividend yield of 6.23%. Cheniere Energy Partners’s payout ratio is presently 66.95%.

Institutional Trading of Cheniere Energy Partners

Large investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its position in Cheniere Energy Partners by 23.8% during the second quarter. B. Riley Wealth Advisors Inc. now owns 6,945 shares of the company’s stock valued at $341,000 after purchasing an additional 1,336 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cheniere Energy Partners by 980.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock worth $90,000 after buying an additional 1,666 shares in the last quarter. Creative Planning acquired a new position in shares of Cheniere Energy Partners during the 2nd quarter worth $276,000. Westwood Holdings Group Inc. lifted its position in shares of Cheniere Energy Partners by 25.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 12,365 shares of the company’s stock worth $607,000 after buying an additional 2,493 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Cheniere Energy Partners in the second quarter valued at about $210,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Company Profile

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.