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

Cheniere Energy Partners, L.P. (NYSE:CQP) declared a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Shareholders of record on Thursday, May 9th will be given a dividend of 0.775 per share on Wednesday, May 15th. This represents a $3.10 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend is Wednesday, May 8th.

Cheniere Energy Partners has a payout ratio of 105.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Cheniere Energy Partners to earn $3.89 per share next year, which means the company may not be able to cover its $4.14 annual dividend with an expected future payout ratio of 106.4%.

Cheniere Energy Partners Stock Down 3.9 %

Shares of NYSE CQP traded down $1.96 during mid-day trading on Tuesday, reaching $48.45. 134,390 shares of the company’s stock were exchanged, compared to its average volume of 190,769. The firm has a market cap of $23.45 billion, a price-to-earnings ratio of 7.02 and a beta of 0.68. The stock has a 50-day moving average price of $48.97. Cheniere Energy Partners has a 52 week low of $43.42 and a 52 week high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.71 by $0.25. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. On average, analysts expect that Cheniere Energy Partners will post 3.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CQP shares. Stifel Nicolaus raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. UBS Group lowered their price target on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Finally, Barclays decreased their price objective on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a report on Thursday, April 18th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $47.80.

About Cheniere Energy Partners

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.