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

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

Analysts Set New Price Targets

CQP has been the topic of several recent analyst reports. Bank of America started 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. Wells Fargo & Company increased their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a report on Wednesday, December 18th.

Cheniere Energy Partners Stock Up 5.7 %

The firm has a market cap of $28.89 billion, a P/E ratio of 12.89 and a beta of 0.75. The business has a fifty day moving average of $54.60.

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 analysts’ consensus estimates 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 firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The company’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 fiscal year.

Cheniere Energy Partners Dividend Announcement

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

Institutional Investors Weigh In On Cheniere Energy Partners

A number of large investors have recently modified their holdings of the company. Millburn Ridgefield Corp purchased a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at $116,000. Larson Financial Group LLC purchased a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at $146,000. BIP Wealth LLC purchased a new position in Cheniere Energy Partners during the 3rd quarter worth $244,000. Van ECK Associates Corp purchased a new position in Cheniere Energy Partners during the 3rd quarter worth $416,000. Finally, Blankinship & Foster LLC purchased a new position in Cheniere Energy Partners during the 3rd quarter worth $424,000. 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.