Scotiabank Reiterates $26.00 Price Target for Cheniere Energy Partners LP Holdings LLC (CQH)

Scotiabank set a $26.00 price objective on Cheniere Energy Partners LP Holdings LLC (NYSE:CQH) in a report released on Saturday, July 22nd. The firm currently has a hold rating on the stock.

Several other research analysts also recently weighed in on the stock. Barclays PLC restated an overweight rating and set a $29.00 price objective (up previously from $26.00) on shares of Cheniere Energy Partners LP Holdings in a report on Wednesday, April 19th. Zacks Investment Research downgraded shares of Cheniere Energy Partners LP Holdings from a buy rating to a hold rating in a report on Tuesday, June 27th. Finally, Morgan Stanley lowered shares of Cheniere Energy Partners LP Holdings from an overweight rating to an equal weight rating in a research report on Tuesday, June 13th.

Shares of Cheniere Energy Partners LP Holdings (NYSE:CQH) traded up 0.04% during midday trading on Friday, hitting $25.26. 90,471 shares of the company were exchanged. The firm’s 50 day moving average price is $26.21 and its 200 day moving average price is $25.22. The firm has a market capitalization of $5.85 billion and a price-to-earnings ratio of 328.05. Cheniere Energy Partners LP Holdings has a one year low of $19.00 and a one year high of $27.45.

Cheniere Energy Partners LP Holdings (NYSE:CQH) last issued its earnings results on Tuesday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The business had revenue of $5.09 million for the quarter, compared to analyst estimates of $5.08 million. Cheniere Energy Partners LP Holdings had a net margin of 88.04% and a return on equity of 16,861.22%. Analysts forecast that Cheniere Energy Partners LP Holdings will post $0.89 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, August 11th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC acquired a new position in Cheniere Energy Partners LP Holdings during the second quarter valued at approximately $214,000. Susquehanna International Group LLP acquired a new position in Cheniere Energy Partners LP Holdings during the second quarter valued at approximately $215,000. Citadel Advisors LLC acquired a new position in Cheniere Energy Partners LP Holdings during the second quarter valued at approximately $261,000. Old Mutual Global Investors UK Ltd. acquired a new position in Cheniere Energy Partners LP Holdings during the second quarter valued at approximately $274,000. Finally, Alliancebernstein L.P. increased its position in Cheniere Energy Partners LP Holdings by 5.9% in the second quarter. Alliancebernstein L.P. now owns 12,313 shares of the company’s stock valued at $331,000 after buying an additional 690 shares during the period.

Cheniere Energy Partners LP Holdings Company Profile

Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings) is a limited liability company. The Company’s business consists of owning and holding Cheniere Energy Patners, L.P. (Cheniere Partners) limited partner common units, Class B units and subordinated units (collectively, the Cheniere Partners units), along with cash or other property that it receives as distributions in respect of such units.

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