Analysts Set Cheniere Energy Partners, L.P. (NYSE:CQP) PT at $50.25

Cheniere Energy Partners, L.P. (NYSE:CQP) has been given an average rating of “Reduce” by the five brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $49.20.

CQP has been the topic of several recent analyst reports. Stifel Nicolaus upgraded shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Barclays reduced their target price on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating on the stock in a research note on Thursday.

Cheniere Energy Partners Price Performance

Shares of NYSE:CQP opened at $48.56 on Tuesday. Cheniere Energy Partners has a 52 week low of $43.42 and a 52 week high of $62.34. The firm has a fifty day moving average price of $49.53. The firm has a market cap of $23.50 billion, a P/E ratio of 6.99 and a beta of 0.68.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Thursday, February 22nd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.71 by $0.25. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. On average, equities research analysts predict that Cheniere Energy Partners will post 3.56 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.775 per share. The ex-dividend date was Tuesday, February 6th. This represents a $3.10 dividend on an annualized basis and a yield of 6.38%. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.62. Cheniere Energy Partners’s dividend payout ratio is currently 44.60%.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its stake in shares of Cheniere Energy Partners by 13.1% in the 3rd quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock valued at $376,776,000 after purchasing an additional 802,824 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cheniere Energy Partners by 26.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,913,342 shares of the company’s stock valued at $103,684,000 after purchasing an additional 401,548 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Cheniere Energy Partners by 170.2% in the 3rd quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock valued at $21,232,000 after purchasing an additional 246,808 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Cheniere Energy Partners by 24.1% in the 1st quarter. Clearbridge Investments LLC now owns 949,727 shares of the company’s stock valued at $53,527,000 after purchasing an additional 184,500 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Cheniere Energy Partners by 37.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the company’s stock valued at $30,624,000 after purchasing an additional 167,567 shares during the last quarter. Institutional investors 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.