Cheniere Energy Partners (NYSE:CQP) Sets New 12-Month High – Time to Buy?

Cheniere Energy Partners, L.P. (NYSE:CQP)’s share price reached a new 52-week high on Monday . The company traded as high as $70.76 and last traded at $70.76, with a volume of 110438 shares traded. The stock had previously closed at $68.91.

Wall Street Analysts Forecast Growth

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

Cheniere Energy Partners Price Performance

The company has a current ratio of 1.22, a quick ratio of 1.09 and a debt-to-equity ratio of 19.01. The stock has a fifty day simple moving average of $64.72 and a two-hundred day simple moving average of $63.54. The company has a market cap of $34.25 billion, a PE ratio of 12.84 and a beta of 0.31.

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

Cheniere Energy Partners Announces Dividend

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

Hedge Funds Weigh In On Cheniere Energy Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Asset One Wealth Management LLC increased its holdings in Cheniere Energy Partners by 1.6% during the 2nd quarter. Asset One Wealth Management LLC now owns 10,232 shares of the company’s stock valued at $636,000 after acquiring an additional 157 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Cheniere Energy Partners by 68.3% in the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after purchasing an additional 205 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Cheniere Energy Partners by 1.9% in the first quarter. Janney Montgomery Scott LLC now owns 11,451 shares of the company’s stock valued at $740,000 after purchasing an additional 215 shares during the last quarter. Powell Investment Advisors LLC increased its stake in shares of Cheniere Energy Partners by 1.4% during the 1st quarter. Powell Investment Advisors LLC now owns 18,050 shares of the company’s stock worth $1,167,000 after purchasing an additional 250 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in shares of Cheniere Energy Partners by 6.8% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,333 shares of the company’s stock worth $233,000 after purchasing an additional 275 shares in the last quarter. 46.55% of the stock is owned by institutional investors and hedge funds.

About Cheniere Energy Partners

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.