Cheniere Energy Partners (NYSE:CQP) Sets New 52-Week High - Here's What Happened

Cheniere Energy Partners (NYSE:CQP - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $68.42 and last traded at $67.46, with a volume of 54722 shares changing hands. The stock had previously closed at $68.04.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays upped their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an "underweight" rating in a research report on Thursday, January 16th. Wells Fargo & Company raised their target price 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. Finally, Stifel Nicolaus lowered shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and upped their price target for the stock from $50.00 to $51.00 in a research report on Friday, February 21st.

Cheniere Energy Partners Stock Performance

The company has a 50 day moving average price of $63.28. The firm has a market capitalization of $27.28 billion, a PE ratio of 13.23 and a beta of 0.57.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by ($0.02). The company had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.37 billion. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. Equities analysts predict 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 paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 5.50%. This is a boost 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 presently 72.77%.

Institutional Trading of Cheniere Energy Partners

Several hedge funds have recently bought and sold shares of CQP. Vermillion Wealth Management Inc. bought a new stake in shares of Cheniere Energy Partners in the fourth quarter worth about $29,000. Valley National Advisers Inc. grew its holdings in Cheniere Energy Partners by 30.1% during the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company's stock valued at $71,000 after buying an additional 310 shares in the last quarter. IFP Advisors Inc increased its stake in Cheniere Energy Partners by 53.7% in the 4th quarter. IFP Advisors Inc now owns 1,825 shares of the company's stock worth $97,000 after acquiring an additional 638 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Cheniere Energy Partners by 64.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company's stock worth $135,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Cheniere Energy Partners during the 4th quarter valued at approximately $201,000. 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.