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

Cheniere Energy Partners (NYSE:CQP) had its price objective raised by Barclays from $46.00 to $54.00 in a research note released on Thursday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

CQP has been the subject of a number of other reports. 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 report on Wednesday, December 18th. Bank of America started coverage on shares of Cheniere Energy Partners in a research note on Thursday, October 17th. They set an “underperform” rating and a $46.00 target price for the company.

Cheniere Energy Partners Trading Up 3.5 %

Shares of NYSE:CQP opened at $61.69 on Thursday. The company’s 50-day moving average price is $55.23. The company has a market capitalization of $29.86 billion, a P/E ratio of 13.32 and a beta of 0.75. Cheniere Energy Partners has a 12 month low of $45.51 and a 12 month high of $61.99.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, equities research analysts expect that Cheniere Energy Partners will post 4.32 earnings per share for the current fiscal year.

Cheniere Energy Partners Dividend Announcement

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

Hedge Funds Weigh In On Cheniere Energy Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millburn Ridgefield Corp bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter worth $116,000. Larson Financial Group LLC purchased a new stake in shares of Cheniere Energy Partners during the third quarter valued at $146,000. Charles Schwab Trust Co bought a new stake in Cheniere Energy Partners in the 4th quarter worth about $212,000. BIP Wealth LLC purchased a new position in Cheniere Energy Partners in the 3rd quarter worth about $244,000. Finally, Van ECK Associates Corp purchased a new position in Cheniere Energy Partners in the 3rd quarter worth about $416,000. 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.