Cheniere Energy Partners (NYSE:CQP) Hits New 1-Year High – Time to Buy?

Cheniere Energy Partners (NYSE:CQP) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.74 and last traded at $62.18, with a volume of 16176 shares changing hands. The stock had previously closed at $62.14.

Wall Street Analyst Weigh In

CQP has been the topic of a number of recent research reports. Barclays boosted their target price on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Bank of America began coverage on shares of Cheniere Energy Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research note on Wednesday, December 18th.

Cheniere Energy Partners Price Performance

The firm has a market cap of $29.13 billion, a P/E ratio of 13.00 and a beta of 0.75. The company’s 50 day moving average is $56.13.

Cheniere Energy Partners (NYSE:CQP) last posted 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 company had revenue of $2.06 billion for the quarter, compared to the consensus estimate 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 last year, the company earned $0.84 earnings per share. Equities analysts expect that Cheniere Energy Partners will post 4.32 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

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

Hedge Funds Weigh In On Cheniere Energy Partners

Several large investors have recently added to or reduced their stakes in CQP. Millburn Ridgefield Corp acquired a new position in Cheniere Energy Partners in the third quarter valued at approximately $116,000. Geneos Wealth Management Inc. boosted its position in Cheniere Energy Partners by 64.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock valued at $135,000 after purchasing an additional 1,000 shares during the period. Larson Financial Group LLC acquired a new stake in Cheniere Energy Partners in the third quarter worth $146,000. Charles Schwab Trust Co bought a new stake in Cheniere Energy Partners in the fourth quarter valued at $212,000. Finally, BIP Wealth LLC acquired a new position in shares of Cheniere Energy Partners during the third quarter valued at $244,000. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Company Profile

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.