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

Cheniere Energy Partners (NYSE:CQP - Get Free Report)'s share price reached 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. The stock had previously closed at $65.55.

Analyst Ratings Changes

A number of brokerages recently weighed in on CQP. Wells Fargo & Company boosted their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an "underweight" rating in a research report on Wednesday, December 18th. Barclays upped their target price on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, January 16th. Finally, Stifel Nicolaus cut Cheniere Energy Partners from a "hold" rating to a "sell" rating and increased their price target for the stock from $50.00 to $51.00 in a research report on Friday, February 21st.

Cheniere Energy Partners Stock Down 1.2 %

The company has a market cap of $32.37 billion, a price-to-earnings ratio of 15.72 and a beta of 0.76. The firm's 50 day moving average price is $59.99.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.37 billion. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. On average, equities research analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current year.

Cheniere Energy Partners Increases Dividend

The firm 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. The ex-dividend date was Monday, February 10th. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.04. This represents a $3.10 annualized dividend and a yield of 4.64%. Cheniere Energy Partners's dividend payout ratio is currently 72.77%.

Institutional Trading of Cheniere Energy Partners

A number of large investors have recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. raised its position in shares of Cheniere Energy Partners by 2.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 7,438 shares of the company's stock worth $395,000 after purchasing an additional 162 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Cheniere Energy Partners by 1.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 20,812 shares of the company's stock worth $1,106,000 after buying an additional 200 shares during the period. Sigma Planning Corp raised its holdings in shares of Cheniere Energy Partners by 4.9% during the fourth quarter. Sigma Planning Corp now owns 5,161 shares of the company's stock valued at $274,000 after acquiring an additional 243 shares during the period. Powell Investment Advisors LLC lifted its position in shares of Cheniere Energy Partners by 1.6% in the 4th quarter. Powell Investment Advisors LLC now owns 16,820 shares of the company's stock valued at $893,000 after acquiring an additional 258 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its stake in Cheniere Energy Partners by 30.1% in the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company's stock worth $71,000 after purchasing an additional 310 shares during the period. 46.55% of the stock is currently 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.