Cheniere Energy Partners LP (CQP) Receives Consensus Rating of “Hold” from Analysts

Shares of Cheniere Energy Partners LP (NYSEAMERICAN:CQP) have received a consensus rating of “Hold” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $33.71.

CQP has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Cheniere Energy Partners from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, February 12th. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Stifel Nicolaus initiated coverage on shares of Cheniere Energy Partners in a research report on Thursday, January 4th. They set a “hold” rating and a $30.00 target price for the company. Barclays set a $35.00 target price on shares of Cheniere Energy Partners and gave the stock a “hold” rating in a research report on Monday, February 12th. Finally, BidaskClub upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th.

Shares of Cheniere Energy Partners (NYSEAMERICAN CQP) opened at $29.17 on Friday. The stock has a market cap of $14,650.00, a PE ratio of 50.29 and a beta of 0.90. Cheniere Energy Partners has a 1 year low of $26.41 and a 1 year high of $33.47.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its earnings results on Tuesday, November 14th. The energy company reported ($1.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($1.56). The firm had revenue of $903.00 million for the quarter, compared to analyst estimates of $1.14 billion. Cheniere Energy Partners had a return on equity of 19.48% and a net margin of 2.55%.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend was Thursday, February 1st. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.44. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 344.83%.

In related news, major shareholder Group L.P. Blackstone acquired 459,823 shares of the stock in a transaction on Friday, December 29th. The stock was purchased at an average price of $29.56 per share, for a total transaction of $13,592,367.88. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jamie Welch acquired 8,654 shares of the stock in a transaction on Wednesday, December 20th. The stock was bought at an average price of $27.50 per share, with a total value of $237,985.00. Following the transaction, the director now directly owns 8,654 shares in the company, valued at approximately $237,985. The disclosure for this purchase can be found here. Insiders acquired a total of 838,701 shares of company stock valued at $24,581,185 in the last 90 days.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. boosted its stake in shares of Cheniere Energy Partners by 13.0% in the 4th quarter. Alps Advisors Inc. now owns 18,596 shares of the energy company’s stock valued at $551,000 after purchasing an additional 2,141 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Cheniere Energy Partners by 0.3% in the 4th quarter. Jennison Associates LLC now owns 973,425 shares of the energy company’s stock valued at $28,852,000 after purchasing an additional 2,496 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Cheniere Energy Partners by 7.7% in the 3rd quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock valued at $1,587,000 after purchasing an additional 3,953 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Cheniere Energy Partners by 53.3% in the 4th quarter. Advisor Group Inc. now owns 13,152 shares of the energy company’s stock valued at $390,000 after purchasing an additional 4,572 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Cheniere Energy Partners by 18.1% in the 3rd quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock valued at $1,116,000 after purchasing an additional 5,934 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.

Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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