Cheniere Energy Partners (NYSE:CQP) Price Target Raised to $57.00

Cheniere Energy Partners (NYSE:CQP) had its price objective raised by Bank of America from $51.00 to $57.00 in a research report released on Friday,Benzinga reports. The firm currently has an underperform rating on the stock.

CQP has been the topic of several other research reports. Royal Bank Of Canada increased their target price on Cheniere Energy Partners from $58.00 to $62.00 and gave the company a “sector perform” rating in a research note on Friday, March 6th. Weiss Ratings upgraded Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 25th. Morgan Stanley lowered their price target on Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 24th. Barclays increased their price target on shares of Cheniere Energy Partners from $55.00 to $60.00 and gave the company an “underweight” rating in a research report on Friday, February 27th. Finally, Zacks Research raised shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $56.43.

Cheniere Energy Partners Price Performance

CQP opened at $67.65 on Friday. The company has a fifty day moving average price of $59.41 and a two-hundred day moving average price of $55.38. The company has a debt-to-equity ratio of 34.21, a quick ratio of 0.68 and a current ratio of 0.78. Cheniere Energy Partners has a 52 week low of $49.53 and a 52 week high of $69.49. The firm has a market capitalization of $32.74 billion, a PE ratio of 13.08 and a beta of 0.40.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $1.27. Cheniere Energy Partners had a negative return on equity of 1,446.48% and a net margin of 27.76%.The company had revenue of $2.91 billion for the quarter. During the same period last year, the company earned $1.05 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 9th were paid a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, February 9th. Cheniere Energy Partners’s payout ratio is presently 59.96%.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of hedge funds have recently modified their holdings of CQP. Rockefeller Capital Management L.P. grew its position in shares of Cheniere Energy Partners by 30.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 22,552 shares of the company’s stock valued at $1,206,000 after purchasing an additional 5,270 shares during the period. World Investment Advisors acquired a new stake in Cheniere Energy Partners during the 4th quarter worth approximately $223,000. Virtu Financial LLC raised its holdings in Cheniere Energy Partners by 16.4% during the 4th quarter. Virtu Financial LLC now owns 8,955 shares of the company’s stock worth $479,000 after buying an additional 1,260 shares during the period. Evolve Private Wealth LLC bought a new position in Cheniere Energy Partners in the fourth quarter valued at approximately $214,000. Finally, Asset One Wealth Management LLC bought a new position in Cheniere Energy Partners in the fourth quarter valued at approximately $564,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

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’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.