Cheniere Energy Partners (NYSE:CQP) Price Target Raised to $54.00

Cheniere Energy Partners (NYSE:CQP) had its price target raised by Barclays from $46.00 to $54.00 in a report published on Thursday,Benzinga reports. They currently have an underweight rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Bank of America began coverage on shares of Cheniere Energy Partners in a research note on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research note on Wednesday, December 18th.

Cheniere Energy Partners Price Performance

Shares of NYSE CQP opened at $62.09 on Thursday. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $62.50. The business’s fifty day moving average price is $55.47. The company has a market capitalization of $30.05 billion, a P/E ratio of 13.41 and a beta of 0.75.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Thursday, October 31st. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the business earned $0.84 EPS. Cheniere Energy Partners’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, analysts anticipate that Cheniere Energy Partners will post 4.32 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Monday, November 4th. Cheniere Energy Partners’s payout ratio is presently 66.95%.

Institutional Investors Weigh In On Cheniere Energy Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Trust Co bought a new stake in shares of Cheniere Energy Partners during the fourth quarter worth about $212,000. JPMorgan Chase & Co. boosted its holdings in Cheniere Energy Partners by 21.9% during the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock worth $37,264,000 after purchasing an additional 137,477 shares during the last quarter. Blankinship & Foster LLC purchased a new position in Cheniere Energy Partners during the third quarter worth about $424,000. M&T Bank Corp purchased a new position in Cheniere Energy Partners during the third quarter worth about $587,000. Finally, Montchanin Asset Management LLC boosted its holdings in Cheniere Energy Partners by 2.6% during the third quarter. Montchanin Asset Management LLC now owns 19,515 shares of the company’s stock worth $951,000 after purchasing an additional 500 shares during the last quarter. 46.55% of the stock is owned by institutional investors.

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.