Cheniere Energy Partners (NYSE:CQP) Increases Dividend to $0.78 Per Share

Cheniere Energy Partners (NYSE:CQP) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Monday, February 10th will be paid a dividend of 0.775 per share on Friday, February 14th. This represents a $3.10 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Monday, February 10th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04.

Cheniere Energy Partners Trading Up 0.6 %

CQP stock traded up $0.37 during trading on Thursday, reaching $61.95. 1,303,362 shares of the stock were exchanged, compared to its average volume of 251,193. The business’s 50 day simple moving average is $56.95. The firm has a market capitalization of $29.99 billion, a price-to-earnings ratio of 13.38 and a beta of 0.75. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $63.29.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the firm posted $0.84 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, sell-side analysts predict that Cheniere Energy Partners will post 4.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CQP shares. Bank of America assumed coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 18th. Finally, Barclays raised their price target 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.

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.