Cheniere Energy Partners (NYSE:CQP) Given New $58.00 Price Target at JPMorgan Chase & Co.

Cheniere Energy Partners (NYSE:CQP - Free Report) had its target price upped by JPMorgan Chase & Co. from $56.00 to $58.00 in a research note released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

CQP has been the subject of several other reports. Stifel Nicolaus cut shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and boosted their price objective for the company from $50.00 to $51.00 in a research note on Friday, February 21st. Barclays increased their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, January 16th. Five equities research analysts have rated the stock with a sell rating, Based on data from MarketBeat, Cheniere Energy Partners currently has a consensus rating of "Reduce" and a consensus target price of $53.60.

Cheniere Energy Partners Stock Up 3.2 %

NYSE:CQP traded up $1.87 during trading hours on Monday, reaching $60.40. 81,161 shares of the company's stock were exchanged, compared to its average volume of 165,702. Cheniere Energy Partners has a 1-year low of $46.71 and a 1-year high of $68.42. The company has a 50-day moving average of $61.78 and a 200 day moving average of $58.19. The firm has a market capitalization of $29.24 billion, a price-to-earnings ratio of 14.18 and a beta of 0.57.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.37 billion. Research analysts forecast that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, May 9th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.43%. This is an increase from Cheniere Energy Partners's previous quarterly dividend of $0.78. Cheniere Energy Partners's dividend payout ratio (DPR) is presently 72.77%.

Institutional Trading of Cheniere Energy Partners

Several institutional investors have recently added to or reduced their stakes in CQP. Farther Finance Advisors LLC acquired a new stake in Cheniere Energy Partners during the first quarter worth about $34,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Cheniere Energy Partners in the 4th quarter worth approximately $29,000. Valley National Advisers Inc. lifted its position in Cheniere Energy Partners by 30.1% in the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company's stock worth $71,000 after purchasing an additional 310 shares during the period. IFP Advisors Inc lifted its holdings in shares of Cheniere Energy Partners by 53.7% in the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company's stock valued at $97,000 after buying an additional 638 shares during the period. Finally, NBC Securities Inc. lifted its holdings in shares of Cheniere Energy Partners by 104,900.0% in the first quarter. NBC Securities Inc. now owns 2,100 shares of the company's stock valued at $138,000 after buying an additional 2,098 shares during the period. 46.55% of the stock is owned by institutional investors and hedge funds.

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.