Cheniere Energy Partners, L.P. Declares Quarterly Dividend of $0.78 (NYSE:CQP)

Cheniere Energy Partners, L.P. (NYSE:CQP) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, May 8th will be given a dividend of 0.775 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, May 8th.

Cheniere Energy Partners has raised its dividend payment by an average of 0.1%annually over the last three years.

Cheniere Energy Partners Price Performance

NYSE CQP opened at $64.13 on Wednesday. Cheniere Energy Partners has a 12 month low of $49.53 and a 12 month high of $70.64. The stock has a market cap of $31.04 billion, a price-to-earnings ratio of 12.40 and a beta of 0.37. The company’s 50 day moving average is $63.42 and its two-hundred day moving average is $57.48. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 34.21.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Wednesday, February 25th. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $1.27. Cheniere Energy Partners had a net margin of 27.76% and a negative return on equity of 1,446.48%. The company had revenue of $2.91 billion for the quarter. During the same quarter in the previous year, the business posted $1.05 EPS. Cheniere Energy Partners’s revenue was up 18.3% on a year-over-year basis. As a group, research analysts anticipate that Cheniere Energy Partners will post 4.13 earnings per share for the current year.

Wall Street Analyst Weigh In

CQP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Cheniere Energy Partners from $57.00 to $63.00 and gave the stock an “underweight” rating in a research note on Friday, March 27th. Weiss Ratings raised shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 25th. Wells Fargo & Company cut their price objective on shares of Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating for the company in a report on Friday, March 13th. Morgan Stanley increased their price objective on shares of Cheniere Energy Partners from $55.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday, March 23rd. Finally, Bank of America increased their price objective on shares of Cheniere Energy Partners from $51.00 to $57.00 and gave the company an “underperform” rating in a report on Friday, March 20th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $60.43.

Cheniere Energy Partners Company Profile

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.