Cheniere Energy Partners, L.P. (CQP) to Issue Quarterly Dividend of $0.78 on August 14th

Cheniere Energy Partners, L.P. (NYSE:CQP) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 7th will be given a dividend of 0.775 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, August 7th.

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

Cheniere Energy Partners Price Performance

Shares of CQP opened at $66.03 on Wednesday. The firm has a market capitalization of $31.96 billion, a PE ratio of 15.43 and a beta of 0.31. The company has a debt-to-equity ratio of 161.69, a current ratio of 0.42 and a quick ratio of 0.37. Cheniere Energy Partners has a 1-year low of $49.53 and a 1-year high of $70.64. The company’s fifty day moving average price is $62.70 and its 200-day moving average price is $62.15.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Wednesday, May 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($1.03). The firm had revenue of $3.60 billion during the quarter. Cheniere Energy Partners had a negative return on equity of 4,929.80% and a net margin of 22.27%.Cheniere Energy Partners’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business earned $1.08 EPS. On average, equities research analysts predict that Cheniere Energy Partners will post 4.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CQP shares. Barclays raised their target price on shares of Cheniere Energy Partners from $60.00 to $63.00 and gave the stock an “underweight” rating in a report on Wednesday, July 15th. Weiss Ratings raised Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Cheniere Energy Partners from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $61.00.

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.