Cheniere Energy Partners (NYSE:CQP) Shares Gap Up – Should You Buy?

Cheniere Energy Partners (NYSE:CQP) shares gapped up before the market opened 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 traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barclays raised 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. Wells Fargo & Company lifted their target price on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus cut Cheniere Energy Partners from a “hold” rating to a “sell” rating and increased their price target for the company from $50.00 to $51.00 in a research report on Friday, February 21st.

Cheniere Energy Partners Trading Up 1.9 %

The stock has a market cap of $29.37 billion, a PE ratio of 14.24 and a beta of 0.57. The business’s 50 day simple moving average is $62.51.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.37 billion. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. On average, research analysts anticipate that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were paid a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s dividend payout ratio is 72.77%.

Institutional Investors Weigh In On Cheniere Energy Partners

Several hedge funds have recently added to or reduced their stakes in CQP. M&T Bank Corp bought a new position in shares of Cheniere Energy Partners in the third quarter valued at about $587,000. Blankinship & Foster LLC bought a new position in Cheniere Energy Partners in the 3rd quarter valued at about $424,000. JPMorgan Chase & Co. lifted its position in Cheniere Energy Partners by 21.9% during the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock worth $37,264,000 after acquiring an additional 137,477 shares during the last quarter. Charles Schwab Trust Co bought a new stake in shares of Cheniere Energy Partners during the fourth quarter worth approximately $212,000. Finally, Geneos Wealth Management Inc. grew its position in shares of 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 purchasing an additional 1,000 shares during 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.