Cheniere Energy Partners, L.P. (CQP) To Go Ex-Dividend on November 3rd

Cheniere Energy Partners, L.P. (NYSE:CQP) announced a quarterly dividend on Friday, October 23rd. Investors of record on Tuesday, November 3rd will be given a dividend of $0.1150 per share on Friday, November 13th. This represents a $0.46 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, November 3rd. This is a 85.2% decrease from Cheniere Energy Partners’s previous quarterly dividend of $0.7750.

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

Cheniere Energy Partners Trading Up 2.4%

CQP stock opened at $65.78 on Friday. The business has a fifty day moving average price of $65.83 and a 200 day moving average price of $64.19. Cheniere Energy Partners has a fifty-two week low of $49.76 and a fifty-two week high of $71.25. The stock has a market capitalization of $31.84 billion, a price-to-earnings ratio of 11.94 and a beta of 0.34. The company has a debt-to-equity ratio of 19.01, a current ratio of 1.22 and a quick ratio of 1.09.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $1.13. The firm 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 company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS. Analysts expect that Cheniere Energy Partners will post 4.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sigma Planning Corp increased its position in Cheniere Energy Partners by 4.5% in the third quarter. Sigma Planning Corp now owns 4,215 shares of the company’s stock worth $257,000 after purchasing an additional 183 shares during the period. Powell Investment Advisors LLC raised its holdings in Cheniere Energy Partners by 1.2% during the 3rd quarter. Powell Investment Advisors LLC now owns 18,490 shares of the company’s stock worth $1,125,000 after purchasing an additional 218 shares during the last quarter. IFP Advisors Inc raised its holdings in Cheniere Energy Partners by 146.5% during the 3rd quarter. IFP Advisors Inc now owns 1,198 shares of the company’s stock worth $73,000 after purchasing an additional 712 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Cheniere Energy Partners by 5.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 25,987 shares of the company’s stock valued at $1,584,000 after purchasing an additional 1,361 shares during the period. Finally, Compass Financial Management LLC acquired a new position in Cheniere Energy Partners during the 2nd quarter valued at about $79,000. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. (NYSE:CQP) is a publicly traded master limited partnership focused on the development, ownership and operation of liquefied natural gas (LNG) infrastructure. The partnership is sponsored by Cheniere Energy, Inc, a leading U.S. LNG company, through its ownership of Cheniere Energy Partners GP, LLC.

CQP’s principal assets include the Sabine Pass LNG facility in Cameron Parish, Louisiana, and interests associated with the Corpus Christi LNG facility in Texas.