Cheniere Energy Partners (NYSE:CQP) Announces Quarterly Earnings Results

Cheniere Energy Partners (NYSE:CQP) announced its earnings results on Wednesday. The company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $1.27, FiscalAI reports. The company had revenue of $2.91 billion during the quarter. Cheniere Energy Partners had a negative return on equity of 591.00% and a net margin of 22.54%.The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share.

Cheniere Energy Partners Stock Performance

CQP traded up $2.46 during midday trading on Thursday, reaching $61.25. 95,765 shares of the company were exchanged, compared to its average volume of 85,605. The stock has a market capitalization of $29.65 billion, a P/E ratio of 15.95 and a beta of 0.42. Cheniere Energy Partners has a one year low of $49.53 and a one year high of $68.42. The stock’s 50-day simple moving average is $56.04 and its 200 day simple moving average is $54.27.

Cheniere Energy Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 9th were issued a dividend of $0.775 per share. The ex-dividend date was Monday, February 9th. This represents a $3.10 dividend on an annualized basis and a yield of 5.1%. Cheniere Energy Partners’s dividend payout ratio (DPR) is 80.73%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC increased its stake in Cheniere Energy Partners by 68.3% in the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock valued at $27,000 after purchasing an additional 205 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Cheniere Energy Partners by 180.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after purchasing an additional 306 shares in the last quarter. Caldwell Trust Co acquired a new position in shares of Cheniere Energy Partners in the 4th quarter valued at $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Cheniere Energy Partners in the 4th quarter valued at $51,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Cheniere Energy Partners by 25.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 924 shares of the company’s stock valued at $52,000 after buying an additional 188 shares in the last quarter. Institutional investors own 46.55% of the company’s stock.

Analysts Set New Price Targets

CQP has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cheniere Energy Partners in a report on Monday, December 29th. Citigroup decreased their price objective on Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating on the stock in a research report on Monday, January 12th. Morgan Stanley lowered their target price on Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday. Bank of America cut their price target on Cheniere Energy Partners from $53.00 to $51.00 and set an “underperform” rating on the stock in a research note on Thursday, December 11th. Finally, Zacks Research cut Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Strong Sell” and a consensus target price of $54.00.

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.