Cheniere Energy Partners (NYSE:CQP) Hits New 12-Month High – Should You Buy?

Cheniere Energy Partners (NYSE:CQP)’s stock price hit a new 52-week high on Wednesday . The company 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.

Analyst Ratings Changes

CQP has been the topic of several research analyst reports. Barclays raised 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. Wells Fargo & Company increased their target price on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a report on Wednesday, December 18th. Finally, Stifel Nicolaus downgraded Cheniere Energy Partners from a “hold” rating to a “sell” rating and lifted their price target for the company from $50.00 to $51.00 in a research note on Friday, February 21st.

Cheniere Energy Partners Stock Performance

The company has a market cap of $27.68 billion, a P/E ratio of 13.42 and a beta of 0.57. The company has a 50 day moving average of $63.28.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Thursday, February 20th. The company reported $1.05 EPS 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 firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.37 billion. On average, equities research analysts predict that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were given a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s payout ratio is currently 72.77%.

Institutional Trading of Cheniere Energy Partners

A number of hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Cheniere Energy Partners in the 4th quarter valued at about $273,000. Vermillion Wealth Management Inc. bought a new stake in Cheniere Energy Partners in the 4th quarter valued at about $29,000. Montchanin Asset Management LLC raised its holdings in Cheniere Energy Partners by 2.6% during the fourth quarter. Montchanin Asset Management LLC now owns 20,015 shares of the company’s stock worth $1,063,000 after buying an additional 500 shares during the last quarter. Quantinno Capital Management LP purchased a new position in shares of Cheniere Energy Partners during the fourth quarter valued at approximately $347,000. Finally, McGowan Group Asset Management Inc. raised its holdings in shares of 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 valued at $12,712,000 after purchasing an additional 735 shares during the last quarter. 46.55% of the stock is owned by institutional investors and hedge funds.

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.