Bank of America Increases Cheniere Energy Partners (NYSE:CQP) Price Target to $50.00

Cheniere Energy Partners (NYSE:CQP) had its price objective lifted by Bank of America from $49.00 to $50.00 in a report released on Tuesday morning,Benzinga reports. They currently have an underperform rating on the stock.

CQP has been the subject of several other research reports. JPMorgan Chase & Co. raised their price objective on Cheniere Energy Partners from $56.00 to $58.00 and gave the company an “underweight” rating in a research report on Monday. Barclays boosted their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Finally, Stifel Nicolaus cut shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and upped their price objective for the stock from $50.00 to $51.00 in a report on Friday, February 21st. Five research analysts have rated the stock with a sell rating, According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $53.60.

Cheniere Energy Partners Trading Down 0.3 %

Shares of CQP opened at $58.61 on Tuesday. Cheniere Energy Partners has a 1-year low of $46.71 and a 1-year high of $68.42. The firm’s 50-day moving average price is $61.85 and its 200-day moving average price is $58.18. The firm has a market capitalization of $28.37 billion, a price-to-earnings ratio of 13.76 and a beta of 0.57.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. On average, research analysts forecast that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, May 9th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 5.60%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Friday, May 9th. Cheniere Energy Partners’s dividend payout ratio is 72.77%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vermillion Wealth Management Inc. bought a new stake in shares of Cheniere Energy Partners during the fourth quarter valued at approximately $29,000. Farther Finance Advisors LLC bought a new stake in shares of Cheniere Energy Partners in the 1st quarter worth $34,000. Valley National Advisers Inc. lifted its holdings in shares of Cheniere Energy Partners by 30.1% during the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock valued at $71,000 after purchasing an additional 310 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Cheniere Energy Partners by 53.7% during the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock valued at $97,000 after purchasing an additional 638 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Cheniere Energy Partners by 64.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock valued at $135,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Company Profile

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.