Cheniere Energy Partners (NYSE:CQP) Shares Gap Up - Time to Buy?

Shares of Cheniere Energy Partners (NYSE:CQP - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $56.33, but opened at $61.05. Cheniere Energy Partners shares last traded at $59.34, with a volume of 8,224 shares traded.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stifel Nicolaus cut shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and lifted their target price for the stock from $50.00 to $51.00 in a research report on Friday, February 21st. Wells Fargo & Company lifted their price target 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, Barclays boosted their price objective 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.

Cheniere Energy Partners Price Performance

The business's 50 day moving average price is $62.62. The company has a market cap of $28.14 billion, a PE ratio of 13.65 and a beta of 0.57.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $2.37 billion. As a group, equities analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current year.

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Cheniere Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were issued a $0.775 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.10 annualized dividend and a yield of 5.33%. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.04. Cheniere Energy Partners's dividend payout ratio (DPR) is 72.77%.

Institutional Investors Weigh In On Cheniere Energy Partners

Several institutional investors have recently added to or reduced their stakes in CQP. NBC Securities Inc. raised its position in shares of Cheniere Energy Partners by 104,900.0% in the first quarter. NBC Securities Inc. now owns 2,100 shares of the company's stock valued at $138,000 after purchasing an additional 2,098 shares during the period. Founders Capital Management purchased a new position in Cheniere Energy Partners in the 1st quarter valued at approximately $1,441,000. GAMMA Investing LLC raised its holdings in Cheniere Energy Partners by 6,504.3% during the 1st quarter. GAMMA Investing LLC now owns 4,623 shares of the company's stock valued at $305,000 after acquiring an additional 4,553 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Cheniere Energy Partners during the fourth quarter worth $273,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Cheniere Energy Partners in the fourth quarter worth $29,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

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.