Cheniere Energy Partners (CQP) Research Coverage Started at Gabelli

Gabelli initiated coverage on shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) in a research note released on Monday, The Fly reports. The brokerage issued a sell rating on the energy company’s stock.

CQP has been the topic of a number of other reports. Evercore ISI initiated coverage on shares of Cheniere Energy Partners in a research report on Tuesday, March 12th. They set an in-line rating and a $40.00 price target on the stock. JPMorgan Chase & Co. cut shares of Cheniere Energy Partners from an overweight rating to a neutral rating and lifted their price target for the company from $40.00 to $44.00 in a research report on Friday, February 22nd. Scotiabank initiated coverage on shares of Cheniere Energy Partners in a research report on Friday, February 8th. They set a sector perform rating on the stock. BMO Capital Markets cut shares of Cheniere Energy Partners from an outperform rating to a market perform rating in a research report on Monday, March 25th. Finally, US Capital Advisors cut shares of Cheniere Energy Partners from a hold rating to an underweight rating in a research report on Monday, March 18th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $40.00.

Shares of CQP stock opened at $43.21 on Monday. Cheniere Energy Partners has a fifty-two week low of $32.55 and a fifty-two week high of $45.27.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its quarterly earnings results on Thursday, May 9th. The energy company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.20. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.58 billion.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were given a dividend of $0.60 per share. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.59. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend was Monday, May 6th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. lifted its position in shares of Cheniere Energy Partners by 12.6% during the fourth quarter. Alps Advisors Inc. now owns 4,040,436 shares of the energy company’s stock worth $145,860,000 after purchasing an additional 452,857 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its position in shares of Cheniere Energy Partners by 7.5% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 3,032,303 shares of the energy company’s stock worth $109,455,000 after purchasing an additional 211,612 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Cheniere Energy Partners by 1.0% during the first quarter. Jennison Associates LLC now owns 1,270,919 shares of the energy company’s stock worth $53,290,000 after purchasing an additional 12,203 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its position in shares of Cheniere Energy Partners by 2.1% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 989,015 shares of the energy company’s stock worth $35,703,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Fairview Capital Investment Management LLC lifted its position in shares of Cheniere Energy Partners by 0.5% during the fourth quarter. Fairview Capital Investment Management LLC now owns 880,236 shares of the energy company’s stock worth $31,776,000 after purchasing an additional 4,099 shares in 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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Analyst Recommendations for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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