Cheniere Energy Partners (NYSE:CQP) Shares Gap Up - What's Next?

Cheniere Energy Partners (NYSE:CQP - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $59.57, but opened at $61.37. Cheniere Energy Partners shares last traded at $61.02, with a volume of 5,522 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CQP. Stifel Nicolaus cut Cheniere Energy Partners from a "hold" rating to a "sell" rating and raised their price target for the company from $50.00 to $51.00 in a report on Friday, February 21st. Barclays lifted their target price on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, January 16th.

Cheniere Energy Partners Trading Up 0.3 %

The stock has a market cap of $29.62 billion, a P/E ratio of 14.36 and a beta of 0.57. The stock has a 50-day moving average of $62.37.

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 business had revenue of $2.46 billion during 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%. As a group, research analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal 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 issued a dividend of $0.775 per share. The ex-dividend date was Monday, February 10th. This is a boost from Cheniere Energy Partners's previous quarterly dividend of $0.04. This represents a $3.10 annualized dividend and a yield of 5.07%. Cheniere Energy Partners's dividend payout ratio is currently 72.77%.

Hedge Funds Weigh In On Cheniere Energy Partners

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new stake in Cheniere Energy Partners during the 1st quarter valued at $34,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Cheniere Energy Partners during the fourth quarter worth about $29,000. Valley National Advisers Inc. boosted its holdings in shares of Cheniere Energy Partners by 30.1% during the fourth 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. IFP Advisors Inc grew its stake in shares of Cheniere Energy Partners by 53.7% in the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company's stock worth $97,000 after purchasing an additional 638 shares during the last quarter. Finally, NBC Securities Inc. increased its holdings in Cheniere Energy Partners by 104,900.0% during the 1st 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. 46.55% of the stock is owned by hedge funds and other 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.