Cheniere Energy Partners (NYSE:CQP) Reaches New 52-Week High – Should You Buy?

Cheniere Energy Partners (NYSE:CQP)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $66.64 and last traded at $66.43, with a volume of 50444 shares traded. The stock had previously closed at $65.55.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus cut shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and upped their price target for the company from $50.00 to $51.00 in a report on Friday, February 21st. Wells Fargo & Company upped their price target on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th. Finally, Barclays upped their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, January 16th.

Cheniere Energy Partners Stock Performance

The company’s 50 day moving average price is $59.99. The company has a market cap of $32.73 billion, a price-to-earnings ratio of 15.87 and a beta of 0.76.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.37 billion. As a group, research analysts forecast that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were given a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 4.58%. The ex-dividend date was Monday, February 10th. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s dividend payout ratio is 72.77%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cheniere Energy Partners by 5.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,377,887 shares of the company’s stock worth $126,313,000 after purchasing an additional 122,956 shares in the last quarter. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 137,477 shares in the last quarter. Invesco Ltd. raised its position in Cheniere Energy Partners by 1.7% in the fourth quarter. Invesco Ltd. now owns 269,671 shares of the company’s stock worth $14,325,000 after purchasing an additional 4,383 shares in the last quarter. McGowan Group Asset Management Inc. raised its position in Cheniere Energy Partners by 0.3% in the fourth quarter. McGowan Group Asset Management Inc. now owns 239,305 shares of the company’s stock worth $12,712,000 after purchasing an additional 735 shares in the last quarter. Finally, Miller Howard Investments Inc. NY increased its holdings in shares of Cheniere Energy Partners by 1.6% during the fourth quarter. Miller Howard Investments Inc. NY now owns 102,122 shares of the company’s stock worth $5,425,000 after buying an additional 1,571 shares in the last quarter. Institutional investors and hedge funds own 46.55% of the company’s stock.

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.