Cheniere Energy Partners (NYSE:CQP) Sets New 1-Year High – Should You Buy?

Cheniere Energy Partners, L.P. (NYSE:CQPGet Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $70.76 and last traded at $70.76, with a volume of 110438 shares trading hands. The stock had previously closed at $68.91.

Wall Street Analysts Forecast Growth

CQP has been the subject of several research reports. Weiss Ratings upgraded shares of Cheniere Energy Partners from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. upped their price target on Cheniere Energy Partners from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Friday, July 24th. Barclays raised their price objective on Cheniere Energy Partners from $63.00 to $66.00 and gave the stock an “underweight” rating in a research report on Friday, August 7th. Finally, Royal Bank Of Canada lifted their price objective on Cheniere Energy Partners from $62.00 to $65.00 and gave the stock a “sector perform” rating in a report on Monday, August 24th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $61.86.

Check Out Our Latest Stock Analysis on CQP

Cheniere Energy Partners Trading Up 0.1%

The company has a market cap of $34.04 billion, a price-to-earnings ratio of 12.76 and a beta of 0.31. The company has a debt-to-equity ratio of 19.01, a quick ratio of 1.09 and a current ratio of 1.22. The business’s 50 day moving average price is $65.13 and its 200-day moving average price is $63.73.

Cheniere Energy Partners (NYSE:CQPGet Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.01 by $1.13. The business had revenue of $2.58 billion for the quarter. Cheniere Energy Partners had a net margin of 27.31% and a return on equity of 1,121.60%. Cheniere Energy Partners’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. On average, research analysts forecast that Cheniere Energy Partners, L.P. will post 4.41 EPS for the current year.

Cheniere Energy Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were issued a $0.775 dividend. The ex-dividend date was Friday, August 7th. This represents a $3.10 annualized dividend and a yield of 4.4%. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 56.26%.

Hedge Funds Weigh In On Cheniere Energy Partners

Several institutional investors have recently modified their holdings of the stock. Compass Financial Management LLC acquired a new stake in Cheniere Energy Partners during the 2nd quarter worth $79,000. NEOS Investment Management LLC grew its position in shares of Cheniere Energy Partners by 39.4% in the 2nd quarter. NEOS Investment Management LLC now owns 352,339 shares of the company’s stock valued at $21,475,000 after purchasing an additional 99,542 shares during the period. Two Sigma Securities LLC boosted its holdings in shares of Cheniere Energy Partners by 7.0% in the second quarter. Two Sigma Securities LLC now owns 4,288 shares of the company’s stock valued at $261,000 after buying an additional 279 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Cheniere Energy Partners by 18.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,424 shares of the company’s stock worth $270,000 after purchasing an additional 680 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of Cheniere Energy Partners by 86.4% in the 2nd quarter. Jones Financial Companies Lllp now owns 2,339 shares of the company’s stock valued at $142,000 after purchasing an additional 1,084 shares during the period. 46.55% of the stock is currently owned by institutional investors and hedge funds.

About Cheniere Energy Partners

(Get Free Report)

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.

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