Cheniere Energy Partners (NYSE:CQP) Given New $45.00 Price Target at Barclays

Cheniere Energy Partners (NYSE:CQP) had its price target cut by Barclays from $51.00 to $45.00 in a report released on Thursday, Benzinga reports. They currently have an underweight rating on the stock.

Separately, Stifel Nicolaus upgraded Cheniere Energy Partners from a sell rating to a hold rating in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $49.20.

Cheniere Energy Partners Stock Performance

Shares of CQP opened at $48.56 on Thursday. The stock’s 50-day moving average is $49.53. The firm has a market capitalization of $23.50 billion, a PE ratio of 6.99 and a beta of 0.68. Cheniere Energy Partners has a 12 month low of $43.42 and a 12 month high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.25. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. As a group, analysts predict that Cheniere Energy Partners will post 3.56 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.775 per share. The ex-dividend date was Tuesday, February 6th. This represents a $3.10 annualized dividend and a yield of 6.38%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.62. Cheniere Energy Partners’s dividend payout ratio is presently 44.60%.

Institutional Trading of Cheniere Energy Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Cheniere Energy Partners by 15.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,677 shares of the company’s stock valued at $110,119,000 after buying an additional 298,335 shares in the last quarter. Alps Advisors Inc. grew its holdings in shares of Cheniere Energy Partners by 13.1% during the third quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock valued at $376,776,000 after purchasing an additional 802,824 shares during the last quarter. Requisite Capital Management LLC bought a new position in shares of Cheniere Energy Partners during the fourth quarter valued at approximately $3,419,000. Invesco Ltd. grew its holdings in shares of Cheniere Energy Partners by 170.2% during the third quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock valued at $21,232,000 after purchasing an additional 246,808 shares during the last quarter. Finally, Brookstone Capital Management grew its holdings in shares of Cheniere Energy Partners by 36.0% during the fourth quarter. Brookstone Capital Management now owns 5,740 shares of the company’s stock valued at $286,000 after purchasing an additional 1,520 shares during the last quarter. Institutional investors and hedge funds own 46.55% of the company’s stock.

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.