Cheniere Energy Partners (NYSE:CQP) Stock Price Expected to Rise, Barclays Analyst Says

Cheniere Energy Partners (NYSE:CQP - Free Report) had its target price hoisted by Barclays from $54.00 to $56.00 in a research report report published on Wednesday,Benzinga reports. Barclays currently has an underweight rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an "underweight" rating in a research report on Monday, April 28th. Bank of America boosted their price target on shares of Cheniere Energy Partners from $49.00 to $50.00 and gave the company an "underperform" rating in a research report on Tuesday, April 29th. Finally, Stifel Nicolaus cut shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and boosted their price target for the company from $50.00 to $51.00 in a research report on Friday, February 21st. Five research analysts have rated the stock with a sell rating, According to MarketBeat.com, Cheniere Energy Partners currently has an average rating of "Reduce" and an average target price of $54.00.

Cheniere Energy Partners Stock Performance

Shares of NYSE:CQP traded up $0.31 during trading on Wednesday, hitting $58.95. The company's stock had a trading volume of 186,739 shares, compared to its average volume of 164,426. The company has a market capitalization of $28.53 billion, a PE ratio of 13.84 and a beta of 0.45. The business has a 50 day moving average price of $59.31 and a two-hundred day moving average price of $59.53. Cheniere Energy Partners has a fifty-two week low of $46.73 and a fifty-two week high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. The company's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 earnings per share. As a group, equities analysts expect that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, May 9th were given a $0.82 dividend. The ex-dividend date was Friday, May 9th. This is a boost from Cheniere Energy Partners's previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a yield of 5.56%. Cheniere Energy Partners's payout ratio is 74.52%.

Institutional Investors Weigh In On Cheniere Energy Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. Vermillion Wealth Management Inc. purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter valued at about $29,000. Farther Finance Advisors LLC purchased a new stake in shares of Cheniere Energy Partners in the first quarter valued at about $34,000. Montag A & Associates Inc. purchased a new stake in shares of Cheniere Energy Partners in the first quarter valued at about $53,000. SVB Wealth LLC acquired a new position in shares of Cheniere Energy Partners during the first quarter worth about $69,000. Finally, IFP Advisors Inc increased its stake in shares of Cheniere Energy Partners by 53.7% during the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company's stock worth $97,000 after acquiring an additional 638 shares during the period. 46.55% of the stock is owned by hedge funds and other 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.