Cheniere Energy Partners, L.P. (NYSE:CQP) Stock Has Average Target Price of $62.00

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP) have been assigned a consensus recommendation of “Reduce” from the nine research firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $62.00.

A number of equities analysts recently commented on CQP shares. Royal Bank Of Canada raised their price target on shares of Cheniere Energy Partners from $62.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Monday, August 24th. Barclays boosted their price objective on shares of Cheniere Energy Partners from $63.00 to $66.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Cheniere Energy Partners from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Cheniere Energy Partners from $64.00 to $65.00 and gave the stock an “underweight” rating in a report on Friday, September 4th.

Cheniere Energy Partners Stock Up 2.6%

CQP stock opened at $63.84 on Tuesday. Cheniere Energy Partners has a fifty-two week low of $49.53 and a fifty-two week high of $71.25. The company has a debt-to-equity ratio of 19.01, a current ratio of 1.22 and a quick ratio of 1.09. The stock has a market capitalization of $30.90 billion, a price-to-earnings ratio of 11.59 and a beta of 0.34. The business’s fifty day moving average price is $66.19 and its two-hundred day moving average price is $64.22.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Wednesday, August 5th. The company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $1.13. Cheniere Energy Partners had a net margin of 27.31% and a return on equity of 1,121.60%. The company had revenue of $2.58 billion during the quarter. During the same period in the previous year, the firm posted $0.91 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that Cheniere Energy Partners will post 4.41 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were paid a $0.7750 dividend. This represents a $3.10 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Friday, August 7th. Cheniere Energy Partners’s payout ratio is 56.26%.

Institutional Investors Weigh In On Cheniere Energy Partners

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in Cheniere Energy Partners by 146.5% during the 3rd quarter. IFP Advisors Inc now owns 1,198 shares of the company’s stock worth $73,000 after acquiring an additional 712 shares during the period. Envestnet Asset Management Inc. raised its holdings in Cheniere Energy Partners by 5.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 25,987 shares of the company’s stock valued at $1,584,000 after acquiring an additional 1,361 shares in the last quarter. Compass Financial Management LLC bought a new stake in shares of Cheniere Energy Partners during the 2nd quarter valued at $79,000. NEOS Investment Management LLC lifted its position in shares of Cheniere Energy Partners by 39.4% during the 2nd quarter. NEOS Investment Management LLC now owns 352,339 shares of the company’s stock valued at $21,475,000 after acquiring an additional 99,542 shares during the period. Finally, Two Sigma Securities LLC lifted its position in shares of Cheniere Energy Partners by 7.0% during the 2nd quarter. Two Sigma Securities LLC now owns 4,288 shares of the company’s stock valued at $261,000 after acquiring an additional 279 shares during the period. Institutional investors and hedge funds own 46.55% of the company’s stock.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (NYSE:CQP) is a publicly traded limited partnership engaged in the development, ownership and operation of liquefied natural gas (LNG) infrastructure. The partnership’s principal business is the production and export of LNG from facilities located on the U.S. Gulf Coast.

Cheniere Energy Partners owns and operates the Sabine Pass LNG facilities in Cameron Parish, Louisiana, including LNG liquefaction and export infrastructure. It also has interests in the Corpus Christi LNG facilities near Corpus Christi, Texas.