Cheniere Energy Partners (NYSE:CQP) Lowered to “Sell” Rating by Stifel Nicolaus

Stifel Nicolaus cut shares of Cheniere Energy Partners (NYSE:CQP) from a hold rating to a sell rating in a report published on Friday, MarketBeat Ratings reports. Stifel Nicolaus currently has $51.00 price target on the stock, up from their previous price target of $50.00.

Several other equities analysts also recently weighed in on CQP. Wells Fargo & Company lifted their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 18th. Barclays lifted their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th.

Cheniere Energy Partners Trading Down 1.3 %

Shares of NYSE CQP opened at $62.31 on Friday. The firm’s fifty day moving average price is $58.78. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $66.47. The company has a market capitalization of $30.16 billion, a price-to-earnings ratio of 13.46 and a beta of 0.76.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.37 billion. On average, equities research analysts anticipate that Cheniere Energy Partners will post 4.29 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were given a dividend of $0.775 per share. The ex-dividend date was Monday, February 10th. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 annualized dividend and a dividend yield of 4.98%. Cheniere Energy Partners’s dividend payout ratio is currently 66.95%.

Hedge Funds Weigh In On Cheniere Energy Partners

A number of large investors have recently modified their holdings of the company. Vermillion Wealth Management Inc. bought a new stake in Cheniere Energy Partners during the 4th quarter worth approximately $29,000. Valley National Advisers Inc. grew its position in shares of Cheniere Energy Partners by 30.1% during the 4th 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 increased its holdings in shares of Cheniere Energy Partners by 53.7% in the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock worth $97,000 after purchasing an additional 638 shares during the period. Millburn Ridgefield Corp purchased a new stake in shares of Cheniere Energy Partners in the third quarter worth $116,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Cheniere Energy Partners by 64.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock worth $135,000 after buying an additional 1,000 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors.

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.