Cheniere Energy Partners LP (NYSEAMERICAN:CQP) has received an average recommendation of “Hold” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $33.71.
CQP has been the topic of a number of recent analyst reports. Stifel Nicolaus initiated coverage on shares of Cheniere Energy Partners in a research note on Thursday, January 4th. They issued a “hold” rating and a $30.00 target price on the stock. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, January 8th. Morgan Stanley upped their target price on shares of Cheniere Energy Partners from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, February 12th. Finally, Barclays set a $35.00 target price on shares of Cheniere Energy Partners and gave the company a “hold” rating in a research note on Monday, February 12th.
Shares of Cheniere Energy Partners (CQP) opened at $30.32 on Wednesday. The stock has a market cap of $14,530.00, a PE ratio of 31.26 and a beta of 0.89. Cheniere Energy Partners has a 12 month low of $26.41 and a 12 month high of $33.47.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Friday, February 2nd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend was Thursday, February 1st. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.44. Cheniere Energy Partners’s dividend payout ratio is currently 206.19%.
In other news, Director Jamie Welch bought 8,654 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was purchased at an average price of $27.50 per share, for a total transaction of $237,985.00. Following the transaction, the director now owns 8,654 shares in the company, valued at $237,985. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Group L.P. Blackstone bought 459,823 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was purchased at an average price of $29.56 per share, with a total value of $13,592,367.88. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 838,701 shares of company stock valued at $24,581,185.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Blackstone Group L.P. grew its position in Cheniere Energy Partners by 5,731.3% in 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. First Allied Advisory Services Inc. grew its position in Cheniere Energy Partners by 45.0% in 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. Allianz Asset Management GmbH bought a new position in Cheniere Energy Partners in the 3rd quarter worth about $331,000. Jane Street Group LLC boosted its holdings in shares of Cheniere Energy Partners by 7.7% in the third quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock valued at $1,587,000 after acquiring an additional 3,953 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Cheniere Energy Partners by 0.3% in the fourth quarter. Jennison Associates LLC now owns 973,425 shares of the energy company’s stock valued at $28,852,000 after acquiring an additional 2,496 shares in the last quarter.
TRADEMARK VIOLATION NOTICE: “Cheniere Energy Partners LP (CQP) Receives Average Recommendation of “Hold” from Analysts” was originally published by Week Herald and is owned by of Week Herald. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://weekherald.com/2018/03/14/cheniere-energy-partners-lp-cqp-receives-average-recommendation-of-hold-from-analysts.html.
Cheniere Energy Partners Company Profile
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.
Receive News & Ratings for Cheniere Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.