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

Shares of Cheniere Energy Partners (NYSE:CQP - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock 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 Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company increased 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. Barclays lifted their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, January 16th. Finally, Bank of America began coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They issued an "underperform" rating and a $46.00 price objective on the stock.

Cheniere Energy Partners Trading Up 1.0 %

The stock's fifty day moving average price is $55.71. The firm has a market capitalization of $30.37 billion, a PE ratio of 13.55 and a beta of 0.75.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.08). The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The company's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. On average, equities analysts predict that Cheniere Energy Partners will post 4.32 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.14 annualized dividend and a yield of 0.22%. Cheniere Energy Partners's dividend payout ratio is 66.95%.

Hedge Funds Weigh In On Cheniere Energy Partners

Hedge funds have recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $116,000. Geneos Wealth Management Inc. boosted its holdings in shares of Cheniere Energy Partners by 64.5% in the 4th 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 in the last quarter. Larson Financial Group LLC bought a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at $146,000. Charles Schwab Trust Co acquired a new position in shares of Cheniere Energy Partners during the 4th quarter worth $212,000. Finally, BIP Wealth LLC bought a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth $244,000. 46.55% of the stock is owned by institutional investors.

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.