Cheniere Energy Partners (NYSE:CQP) Reaches New 12-Month High - Still a Buy?

Cheniere Energy Partners (NYSE:CQP - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $59.68 and last traded at $59.51, with a volume of 147281 shares changing hands. The stock had previously closed at $56.47.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Bank of America assumed coverage on Cheniere Energy Partners in a research note on Thursday, October 17th. They issued an "underperform" rating and a $46.00 price target for the company. Wells Fargo & Company boosted their target price 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.

Cheniere Energy Partners Stock Performance

The firm has a market cap of $28.54 billion, a PE ratio of 12.74 and a beta of 0.75. The stock's 50-day moving average price is $54.60.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.08). The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. Cheniere Energy Partners's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 EPS. On average, sell-side analysts predict that Cheniere Energy Partners will post 4.29 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Monday, November 4th. Cheniere Energy Partners's payout ratio is 66.95%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CQP. JPMorgan Chase & Co. grew its position in shares of Cheniere Energy Partners by 21.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company's stock worth $37,264,000 after buying an additional 137,477 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in Cheniere Energy Partners in the third quarter worth $1,286,000. Rockefeller Capital Management L.P. bought a new stake in Cheniere Energy Partners in the third quarter valued at $866,000. M&T Bank Corp acquired a new position in shares of Cheniere Energy Partners during the third quarter valued at about $587,000. Finally, Blankinship & Foster LLC bought a new position in shares of Cheniere Energy Partners during the 3rd quarter worth about $424,000. 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.