Cheniere Energy Partners (NYSE:CQP) Reaches New 52-Week High – What’s Next?

Cheniere Energy Partners (NYSE:CQP)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $66.64 and last traded at $66.43, with a volume of 50444 shares traded. The stock had previously closed at $65.55.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus cut Cheniere Energy Partners from a “hold” rating to a “sell” rating and lifted their price objective for the stock from $50.00 to $51.00 in a report on Friday, February 21st. Wells Fargo & Company lifted their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research note on Wednesday, December 18th. Finally, Barclays lifted their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th.

Cheniere Energy Partners Stock Up 0.7 %

The company has a market capitalization of $31.94 billion, a PE ratio of 15.49 and a beta of 0.76. The stock’s fifty day simple moving average is $59.40.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.37 billion. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. Equities analysts anticipate 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 issued 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 dividend on an annualized basis and a dividend yield of 4.70%. Cheniere Energy Partners’s payout ratio is presently 72.77%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vermillion Wealth Management Inc. bought a new stake in shares of Cheniere Energy Partners during the 4th quarter valued at about $29,000. Valley National Advisers Inc. boosted its position in shares of 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 acquiring an additional 310 shares during the last quarter. IFP Advisors Inc grew its position in Cheniere Energy Partners by 53.7% during the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock valued at $97,000 after acquiring an additional 638 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in shares of Cheniere Energy Partners in the third quarter worth $116,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Cheniere Energy Partners by 64.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock valued at $135,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 46.55% of the company’s stock.

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.