Cheniere Energy Partners (NYSE:CQP) Sets New 1-Year High – Should You Buy?

Cheniere Energy Partners (NYSE:CQP)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $59.68 and last traded at $59.51, with a volume of 147281 shares traded. The stock had previously closed at $56.47.

Analysts Set New Price Targets

CQP has been the topic of several research reports. Wells Fargo & Company raised their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th. Bank of America assumed coverage on shares of 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 company’s 50 day moving average price is $54.60. The company has a market cap of $28.89 billion, a PE ratio of 12.89 and a beta of 0.75.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.08). Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business earned $0.84 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. Research analysts predict that Cheniere Energy Partners will post 4.29 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 66.95%.

Institutional Trading of Cheniere Energy Partners

Several hedge funds and other institutional investors have recently made changes to their positions in CQP. Van ECK Associates Corp acquired a new position in Cheniere Energy Partners during the third quarter worth about $416,000. Empowered Funds LLC raised its position in Cheniere Energy Partners by 3.4% during the third quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock worth $1,535,000 after acquiring an additional 1,043 shares during the last quarter. BIP Wealth LLC acquired a new position in Cheniere Energy Partners during the third quarter worth about $244,000. Larson Financial Group LLC purchased a new stake in shares of Cheniere Energy Partners during the third quarter worth about $146,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Cheniere Energy Partners during the third quarter worth about $866,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

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.