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

Key Points

• Analysts rate Cheniere Energy Partners “Reduce” on average: five of nine analysts recommend selling, three suggest holding, and one recommends buying. The average 12-month price target is $62, below the stock’s reported $66.64 price.
• The company reported strong quarterly results, with EPS of $2.14 versus the $1.01 consensus estimate and revenue of $2.58 billion, up 5.2% year over year.
• Cheniere Energy Partners declared a quarterly dividend of $0.775, equivalent to $3.10 annually and a 4.7% yield. Institutional investors own approximately 46.55% of the company.

Cheniere Energy Partners, L.P. (NYSE:CQP - Get Free Report) has earned an average rating of "Reduce" from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $62.00.

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Cheniere Energy Partners from $64.00 to $65.00 and gave the stock an "underweight" rating in a research report on Friday, September 4th. Royal Bank Of Canada increased their price target on shares of Cheniere Energy Partners from $62.00 to $65.00 and gave the stock a "sector perform" rating in a research note on Monday, August 24th. Barclays increased their price target on Cheniere Energy Partners from $63.00 to $66.00 and gave the company an "underweight" rating in a report on Friday, August 7th. Finally, Weiss Ratings upgraded Cheniere Energy Partners from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th.

Institutional Trading of Cheniere Energy Partners

Institutional investors have recently modified their holdings of the company. Compass Financial Management LLC bought a new position in shares of Cheniere Energy Partners during the 2nd quarter worth about $79,000. NEOS Investment Management LLC boosted its holdings in shares of Cheniere Energy Partners by 39.4% in the 2nd quarter. NEOS Investment Management LLC now owns 352,339 shares of the company's stock worth $21,475,000 after acquiring an additional 99,542 shares in the last quarter. Two Sigma Securities LLC boosted its stake in Cheniere Energy Partners by 7.0% in the second quarter. Two Sigma Securities LLC now owns 4,288 shares of the company's stock worth $261,000 after purchasing an additional 279 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Cheniere Energy Partners by 18.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,424 shares of the company's stock worth $270,000 after buying an additional 680 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Cheniere Energy Partners by 86.4% during the 2nd quarter. Jones Financial Companies Lllp now owns 2,339 shares of the company's stock worth $142,000 after acquiring an additional 1,084 shares during the last quarter. Institutional investors and hedge funds own 46.55% of the company's stock.

Cheniere Energy Partners Trading Up 1.4%

Cheniere Energy Partners stock opened at $66.64 on Friday. The firm has a market cap of $32.26 billion, a price-to-earnings ratio of 12.10 and a beta of 0.32. Cheniere Energy Partners has a 1 year low of $49.53 and a 1 year high of $71.25. The firm's 50 day moving average price is $66.65 and its two-hundred day moving average price is $64.45. The company has a debt-to-equity ratio of 19.01, a quick ratio of 1.09 and a current ratio of 1.22.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.14 earnings per share 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 business had revenue of $2.58 billion during the quarter. During the same period in the prior year, the business earned $0.91 earnings per share. The business's revenue was up 5.2% compared to the same quarter last year. On average, research analysts predict that Cheniere Energy Partners will post 4.41 EPS for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were issued a $0.775 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $3.10 dividend on an annualized basis and a yield of 4.7%. Cheniere Energy Partners's dividend payout ratio is 56.26%.

Cheniere Energy Partners Company Profile

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 is managed by Cheniere Energy, Inc and focuses on the production, liquefaction, storage, and export of LNG, as well as the receipt and regasification of natural gas.

Cheniere Energy Partners' principal assets include the Sabine Pass LNG facility in Louisiana and interests associated with the Corpus Christi LNG facility in Texas.

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