Cheniere Energy Partners (NYSE:CQP) Trading Up 4.6% – Still a Buy?

Cheniere Energy Partners (NYSE:CQP) shares rose 4.6% during mid-day trading on Monday . The stock traded as high as $64.39 and last traded at $64.18. Approximately 141,109 shares traded hands during trading, a decline of 43% from the average daily volume of 248,899 shares. The stock had previously closed at $61.36.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barclays raised their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Wells Fargo & Company raised 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. Finally, Bank of America initiated coverage on Cheniere Energy Partners in a research report on Thursday, October 17th. They set an “underperform” rating and a $46.00 price objective on the stock.

Cheniere Energy Partners Stock Performance

The stock has a market cap of $31.48 billion, a P/E ratio of 14.05 and a beta of 0.76. The business has a fifty day moving average of $57.24.

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

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 10th will be issued a $0.775 dividend. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.10 annualized dividend and a dividend yield of 4.77%. Cheniere Energy Partners’s dividend payout ratio is presently 66.95%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CQP. Valley National Advisers Inc. raised its stake in Cheniere Energy Partners by 30.1% during the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock valued at $71,000 after acquiring an additional 310 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in shares of Cheniere Energy Partners during the 3rd quarter worth $116,000. Geneos Wealth Management Inc. increased its holdings in Cheniere Energy Partners by 64.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock valued at $135,000 after buying an additional 1,000 shares in the last quarter. Larson Financial Group LLC purchased a new position in Cheniere Energy Partners in the 3rd quarter valued at approximately $146,000. Finally, Charles Schwab Trust Co acquired a new position in shares of Cheniere Energy Partners during the 4th quarter worth $212,000. 46.55% of the stock is owned by hedge funds and other 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.