Cheniere Energy Partners, L.P. (NYSE:CQP) Receives Average Recommendation of "Reduce" from Analysts

Key Points

• Analysts assign Cheniere Energy Partners a consensus “Reduce” rating: Five of nine analysts recommend selling, three advise holding, and one recommends buying. The average 12-month price target is $61.43, below the reported share price of $68.38.
• Quarterly results exceeded expectations: CQP reported earnings of $2.14 per share versus the $1.01 consensus estimate, while revenue increased 5.2% year over year to $2.58 billion.
• The partnership maintains an attractive dividend: It recently paid a quarterly dividend of $0.775, equivalent to $3.10 annually and a 4.5% yield, with a 56.26% payout ratio.

Shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the nine ratings firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $61.4286.

CQP has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Cheniere Energy Partners from $63.00 to $64.00 and gave the company an "underweight" rating in a research note on Friday, July 24th. Barclays raised their target price on Cheniere Energy Partners from $63.00 to $66.00 and gave the stock an "underweight" rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded Cheniere Energy Partners from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th.

Institutional Trading of Cheniere Energy Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in Cheniere Energy Partners by 68.3% in the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company's stock valued at $27,000 after purchasing an additional 205 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Cheniere Energy Partners by 180.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company's stock worth $27,000 after purchasing an additional 306 shares during the period. Caldwell Trust Co purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter worth $29,000. First Pacific Financial purchased a new stake in shares of Cheniere Energy Partners in the first quarter worth $32,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter worth $51,000. Institutional investors own 46.55% of the company's stock.

Cheniere Energy Partners Price Performance

Cheniere Energy Partners stock opened at $68.38 on Monday. The firm has a 50 day simple moving average of $63.79 and a 200 day simple moving average of $63.15. The company has a current ratio of 1.22, a quick ratio of 1.09 and a debt-to-equity ratio of 19.01. Cheniere Energy Partners has a 1-year low of $49.53 and a 1-year high of $70.64. The firm has a market capitalization of $33.10 billion, a price-to-earnings ratio of 12.41 and a beta of 0.31.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $1.13. Cheniere Energy Partners had a return on equity of 1,121.60% and a net margin of 27.31%.The firm had revenue of $2.58 billion for the quarter. During the same quarter in the prior year, the company earned $0.91 EPS. The company's revenue was up 5.2% on a year-over-year basis. On average, analysts predict that Cheniere Energy Partners will post 4.41 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were given a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, August 7th. Cheniere Energy Partners's dividend payout ratio (DPR) is 56.26%.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. NYSE: CQP is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership's business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP's assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company's core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.

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