Cheniere Energy Partners (NYSE:CQP) Reaches New 12-Month High – Time to Buy?

Cheniere Energy Partners (NYSE:CQP)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $68.42 and last traded at $67.46, with a volume of 54722 shares trading hands. The stock had previously closed at $68.04.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wells Fargo & Company lifted 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 note on Wednesday, December 18th. Stifel Nicolaus lowered shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating and raised their target price for the stock from $50.00 to $51.00 in a research report on Friday, February 21st. Finally, Barclays increased their price objective 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.

Cheniere Energy Partners Trading Down 0.9 %

The firm has a market cap of $32.63 billion, a PE ratio of 15.83 and a beta of 0.70. The company’s fifty day simple moving average is $63.18.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly 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 negative return on equity of 325.95% and a net margin of 28.84%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.37 billion. On average, research analysts expect that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were issued a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 4.60%. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio (DPR) is 72.77%.

Institutional Investors Weigh In On Cheniere Energy Partners

Hedge funds have recently bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Cheniere Energy Partners by 48.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 20,148 shares of the company’s stock valued at $1,070,000 after purchasing an additional 6,541 shares in the last quarter. Blankinship & Foster LLC purchased a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth about $424,000. Atria Wealth Solutions Inc. grew its position in shares of Cheniere Energy Partners by 118.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 19,681 shares of the company’s stock valued at $1,045,000 after acquiring an additional 10,683 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Cheniere Energy Partners by 21.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock valued at $37,264,000 after purchasing an additional 137,477 shares in the last quarter. Finally, Corps Capital Advisors LLC acquired a new position in Cheniere Energy Partners in the 4th quarter worth about $499,000. Hedge funds and other institutional investors 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.