Cheniere Energy Partners, L.P. (NYSE:CQP) Stock Now Rated "Reduce" by Sell-Side Brokerages

Key Points

• Analysts have a bearish consensus on Cheniere Energy Partners: nine brokerages collectively rate the stock “Reduce,” including five sell ratings, three holds and one buy. The average 12-month price target is $62, below the reported $63.79 opening price.
• The company reported strong quarterly results, with EPS of $2.14 versus a $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 per share, equivalent to $3.10 annually and a 4.9% yield; institutional investors own 46.55% of the stock.

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

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

Cheniere Energy Partners Stock Performance

CQP opened at $63.79 on Tuesday. The firm has a market cap of $30.88 billion, a P/E ratio of 11.58 and a beta of 0.34. Cheniere Energy Partners has a 52-week low of $49.53 and a 52-week high of $71.25. The company has a debt-to-equity ratio of 19.01, a quick ratio of 1.09 and a current ratio of 1.22. The business's fifty day moving average is $66.35 and its 200-day moving average is $64.31.

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

Cheniere Energy Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were given a dividend of $0.7750 per share. This represents a $3.10 annualized dividend and a yield of 4.9%. The ex-dividend date was Friday, August 7th. Cheniere Energy Partners's payout ratio is currently 56.26%.

Institutional Investors Weigh In On Cheniere Energy Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Asset One Wealth Management LLC lifted its holdings in shares of Cheniere Energy Partners by 1.6% in the second quarter. Asset One Wealth Management LLC now owns 10,232 shares of the company's stock worth $636,000 after acquiring an additional 157 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Cheniere Energy Partners by 1.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,451 shares of the company's stock valued at $740,000 after purchasing an additional 215 shares in the last quarter. Powell Investment Advisors LLC grew its holdings in shares of Cheniere Energy Partners by 1.4% during the 1st quarter. Powell Investment Advisors LLC now owns 18,050 shares of the company's stock valued at $1,167,000 after purchasing an additional 250 shares during the last quarter. Two Sigma Securities LLC grew its holdings in shares of Cheniere Energy Partners by 7.0% during the 2nd quarter. Two Sigma Securities LLC now owns 4,288 shares of the company's stock valued at $261,000 after purchasing an additional 279 shares during the last quarter. Finally, First Pacific Financial bought a new stake in shares of Cheniere Energy Partners during the 1st quarter valued at approximately $32,000. 46.55% of the stock is currently owned by institutional investors.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. NYSE: CQP is a publicly traded limited partnership engaged in the development, ownership and operation of liquefied natural gas (LNG) infrastructure. The partnership's principal business is the production and export of LNG from facilities located on the U.S. Gulf Coast.

Cheniere Energy Partners owns and operates the Sabine Pass LNG facilities in Cameron Parish, Louisiana, including LNG liquefaction and export infrastructure. It also has interests in the Corpus Christi LNG facilities near Corpus Christi, Texas.

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