Cheniere Energy Partners LP (NYSEAMERICAN:CQP) has been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $41.71.
A number of equities research analysts have weighed in on CQP shares. Raymond James lowered Cheniere Energy Partners from a “market perform” rating to an “underperform” rating in a research report on Wednesday, October 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 target price on shares of Cheniere Energy Partners in a report on Friday, September 20th. Barclays set a $46.00 price target on Cheniere Energy Partners and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Zacks Investment Research upgraded Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein downgraded Cheniere Energy Partners from an “outperform” rating to a “market perform” rating and set a $38.00 price objective for the company. in a report on Tuesday, October 8th.
CQP stock traded up $0.68 during mid-day trading on Friday, reaching $39.34. The company had a trading volume of 289,836 shares, compared to its average volume of 221,708. The firm has a 50 day moving average of $44.70 and a 200 day moving average of $43.38. Cheniere Energy Partners has a 12 month low of $34.66 and a 12 month high of $49.30.
The business also recently announced a dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This is a positive change from Cheniere Energy Partners’s previous dividend of $0.43.
Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC grew its holdings in Cheniere Energy Partners by 17.1% in the second quarter. LPL Financial LLC now owns 12,863 shares of the energy company’s stock worth $543,000 after purchasing an additional 1,877 shares during the last quarter. Atria Investments LLC purchased a new position in Cheniere Energy Partners during the 2nd quarter worth $543,000. Geneva Partners LLC purchased a new position in Cheniere Energy Partners during the 2nd quarter worth $202,000. Alps Advisors Inc. increased its position in Cheniere Energy Partners by 38.0% during the 3rd quarter. Alps Advisors Inc. now owns 4,910,426 shares of the energy company’s stock valued at $223,326,000 after buying an additional 1,353,077 shares in the last quarter. Finally, BP Capital Fund Advisors LLC raised its stake in Cheniere Energy Partners by 3.4% in the second quarter. BP Capital Fund Advisors LLC now owns 30,568 shares of the energy company’s stock valued at $1,289,000 after buying an additional 1,017 shares during the last quarter.
About Cheniere Energy Partners
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.
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