Weiss Ratings Reiterates "Hold (C+)" Rating for Cheniere Energy Partners (NYSE:CQP)

Key Points

• Weiss Ratings has reiterated a "Hold (C+)" rating for Cheniere Energy Partners, with a current consensus rating of "Strong Sell" and a price target of $54.60.
• The company's stock recently traded down to $53.56, with a market cap of $25.93 billion and a reported earnings miss of $0.91 per share compared to the expected $0.96.
• Institutional investors own approximately 46.55% of Cheniere Energy Partners’ stock, with several institutions recently increasing their positions in the company.

Cheniere Energy Partners (NYSE:CQP - Get Free Report)'s stock had its "hold (c+)" rating reissued by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. Barclays decreased their price target on shares of Cheniere Energy Partners from $56.00 to $55.00 and set an "underweight" rating for the company in a research note on Thursday, August 14th. Bank of America lifted their target price on shares of Cheniere Energy Partners from $50.00 to $53.00 and gave the company an "underperform" rating in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company dropped their price objective on shares of Cheniere Energy Partners from $61.00 to $56.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, Cheniere Energy Partners currently has a consensus rating of "Strong Sell" and a consensus price target of $54.60.

Cheniere Energy Partners Price Performance

CQP stock traded down $0.58 during trading hours on Wednesday, reaching $53.56. 94,646 shares of the stock were exchanged, compared to its average volume of 90,083. The company has a market cap of $25.93 billion, a price-to-earnings ratio of 13.00 and a beta of 0.37. The firm's 50-day moving average is $54.09 and its 200-day moving average is $56.66. Cheniere Energy Partners has a 12 month low of $47.55 and a 12 month high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.05). The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.21 billion. Cheniere Energy Partners had a net margin of 24.62% and a negative return on equity of 503.86%. The company's revenue for the quarter was up 29.6% compared to the same quarter last year. As a group, equities research analysts forecast that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CQP. Ameritas Advisory Services LLC purchased a new stake in shares of Cheniere Energy Partners during the 2nd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Cheniere Energy Partners by 180.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company's stock valued at $27,000 after purchasing an additional 306 shares during the period. Farther Finance Advisors LLC purchased a new position in Cheniere Energy Partners in the 1st quarter worth about $34,000. Gables Capital Management Inc. purchased a new stake in Cheniere Energy Partners in the 2nd quarter worth about $34,000. Finally, Parkside Financial Bank & Trust lifted its stake in Cheniere Energy Partners by 25.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 924 shares of the company's stock worth $52,000 after acquiring an additional 188 shares in the last quarter. Institutional investors and hedge funds own 46.55% of the company's stock.

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.

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