Cheniere Energy Partners' (CQP) Underweight Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company restated their underweight rating on shares of Cheniere Energy Partners (NYSE:CQP - Free Report) in a report released on Wednesday morning, Marketbeat.com reports. Wells Fargo & Company currently has a $61.00 target price on the stock, up from their prior target price of $59.00.

Several other analysts also recently commented on CQP. Bank of America boosted their target price on shares of Cheniere Energy Partners from $49.00 to $50.00 and gave the stock an "underperform" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price objective on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an "underweight" rating in a report on Monday, April 28th. Finally, Barclays increased their target price on shares of Cheniere Energy Partners from $54.00 to $56.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 4th. Five analysts have rated the stock with a sell rating, According to data from MarketBeat, Cheniere Energy Partners currently has a consensus rating of "Reduce" and an average target price of $55.80.

Cheniere Energy Partners Stock Up 2.0%

Shares of CQP traded up $1.11 during trading hours on Wednesday, reaching $55.72. The company's stock had a trading volume of 87,337 shares, compared to its average volume of 167,985. Cheniere Energy Partners has a 1-year low of $47.00 and a 1-year high of $68.42. The firm has a market cap of $26.97 billion, a price-to-earnings ratio of 13.39 and a beta of 0.43. The company has a 50 day moving average of $58.29 and a two-hundred day moving average of $59.60.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 414.56% and a net margin of 26.27%. Cheniere Energy Partners's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 earnings per share. As a group, analysts forecast that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, May 9th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.89%. This is a boost from Cheniere Energy Partners's previous quarterly dividend of $0.78. The ex-dividend date was Friday, May 9th. Cheniere Energy Partners's payout ratio is presently 74.52%.

Institutional Trading of Cheniere Energy Partners

Several large investors have recently modified their holdings of CQP. Alps Advisors Inc. raised its holdings in Cheniere Energy Partners by 16.6% in the 1st quarter. Alps Advisors Inc. now owns 9,019,585 shares of the company's stock worth $595,653,000 after acquiring an additional 1,283,564 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Cheniere Energy Partners by 24.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,953,675 shares of the company's stock valued at $195,061,000 after purchasing an additional 575,788 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Cheniere Energy Partners by 139.0% in the first quarter. Empowered Funds LLC now owns 82,511 shares of the company's stock worth $5,449,000 after purchasing an additional 47,985 shares during the period. Tortoise Capital Advisors L.L.C. increased its stake in shares of Cheniere Energy Partners by 6.9% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 712,703 shares of the company's stock worth $47,067,000 after purchasing an additional 45,870 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Cheniere Energy Partners by 43.2% during the 1st quarter. LPL Financial LLC now owns 120,393 shares of the company's stock worth $7,951,000 after purchasing an additional 36,307 shares during the last quarter. 46.55% of the stock is owned by 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.