Shares of Cheniere Energy Partners LP (NYSEAMERICAN:CQP) have been assigned an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $34.00.
Several equities research analysts recently weighed in on the company. BidaskClub raised Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th. Royal Bank Of Canada cut their price objective on Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating on the stock in a report on Monday, October 16th. BMO Capital Markets initiated coverage on Cheniere Energy Partners in a research report on Monday, September 25th. They set an “outperform” rating and a $32.00 target price for the company. Zacks Investment Research lowered Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, September 18th. Finally, ValuEngine lowered Cheniere Energy Partners from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.
Shares of Cheniere Energy Partners (NYSEAMERICAN CQP) opened at $27.73 on Monday. Cheniere Energy Partners has a twelve month low of $26.41 and a twelve month high of $33.47.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($1.56). Cheniere Energy Partners had a net margin of 4.64% and a return on equity of 39.76%. The firm had revenue of $903.00 million for the quarter, compared to analyst estimates of $1.14 billion.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Friday, November 3rd were given a dividend of $0.44 per share. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 6.35%. The ex-dividend date was Thursday, November 2nd. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 303.45%.
A number of large investors have recently made changes to their positions in CQP. Blackstone Group L.P. raised its position in Cheniere Energy Partners by 5,731.3% during the 3rd quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock worth $5,834,629,000 after purchasing an additional 198,978,886 shares during the last quarter. Allianz Asset Management GmbH bought a new position in Cheniere Energy Partners during the 3rd quarter worth $331,000. First Allied Advisory Services Inc. raised its position in Cheniere Energy Partners by 45.0% during the 3rd quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock worth $759,000 after purchasing an additional 8,160 shares during the last quarter. California Public Employees Retirement System raised its position in Cheniere Energy Partners by 18.1% during the 3rd quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock worth $1,116,000 after purchasing an additional 5,934 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Cheniere Energy Partners by 7.7% during the 3rd quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock worth $1,587,000 after purchasing an additional 3,953 shares during the last quarter.
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About Cheniere Energy Partners
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
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