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

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Bank of America began coverage on shares of Cheniere Energy Partners in a research note on Thursday, October 17th. They set an “underperform” rating and a $46.00 price objective on the stock. Barclays increased their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company lifted their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th.

Cheniere Energy Partners Price Performance

The stock’s fifty day moving average is $56.13. The company has a market cap of $29.13 billion, a PE ratio of 13.00 and a beta of 0.75.

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). Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, sell-side analysts forecast that Cheniere Energy Partners will post 4.32 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. Stockholders 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 was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio is currently 66.95%.

Institutional Investors Weigh In On Cheniere Energy Partners

Several institutional investors have recently bought and sold shares of CQP. PFG Investments LLC lifted its holdings in shares of Cheniere Energy Partners by 10.1% during the 4th quarter. PFG Investments LLC now owns 20,288 shares of the company’s stock valued at $1,078,000 after acquiring an additional 1,858 shares in the last quarter. Geneos Wealth Management Inc. raised its position 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 purchasing an additional 1,000 shares during the period. Charles Schwab Trust Co acquired a new position in shares of Cheniere Energy Partners during the fourth quarter worth about $212,000. JPMorgan Chase & Co. boosted its position in shares of Cheniere Energy Partners by 21.9% in the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock worth $37,264,000 after buying an additional 137,477 shares during the period. Finally, Blankinship & Foster LLC purchased a new stake in shares of Cheniere Energy Partners in the third quarter worth about $424,000. 46.55% of the stock is currently 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.