Cheniere Energy Partners (NYSE:CQP) Given New $64.00 Price Target at JPMorgan Chase & Co.

Cheniere Energy Partners (NYSE:CQP) had its target price hoisted by JPMorgan Chase & Co. from $63.00 to $64.00 in a research report report published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other analysts also recently issued reports about the company. Citigroup lifted their target price on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock a “sell” rating in a research report on Thursday, April 2nd. Barclays raised their target price on shares of Cheniere Energy Partners from $60.00 to $63.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy Partners presently has an average rating of “Reduce” and an average price target of $61.00.

Cheniere Energy Partners Price Performance

NYSE:CQP opened at $65.54 on Friday. The firm has a market capitalization of $31.72 billion, a price-to-earnings ratio of 15.31 and a beta of 0.31. The company has a debt-to-equity ratio of 161.69, a current ratio of 0.42 and a quick ratio of 0.37. The business has a 50 day simple moving average of $62.53 and a 200-day simple moving average of $61.56. Cheniere Energy Partners has a 1 year low of $49.53 and a 1 year high of $70.64.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($1.03). Cheniere Energy Partners had a net margin of 22.27% and a negative return on equity of 4,929.80%. The company had revenue of $3.60 billion for the quarter. During the same quarter in the previous year, the firm earned $1.08 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities analysts forecast that Cheniere Energy Partners will post 4.2 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, May 8th. Cheniere Energy Partners’s payout ratio is presently 72.43%.

Institutional Trading of Cheniere Energy Partners

Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in shares of Cheniere Energy Partners by 3.2% during the first quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock worth $642,000 after purchasing an additional 300 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Cheniere Energy Partners by 1,863.4% during the 1st quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company’s stock valued at $464,000 after buying an additional 6,671 shares during the last quarter. Creative Planning raised its stake in shares of Cheniere Energy Partners by 18.4% during the 2nd quarter. Creative Planning now owns 5,326 shares of the company’s stock valued at $299,000 after buying an additional 826 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 buying an additional 306 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Cheniere Energy Partners by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 319,717 shares of the company’s stock valued at $17,920,000 after buying an additional 3,659 shares during the period. 46.55% of the stock is owned by hedge funds and other institutional investors.

About Cheniere Energy Partners

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.