Cheniere Energy Partners, L.P. (NYSE:CQP) to Issue $0.82 Quarterly Dividend

Key Points

• Cheniere Energy Partners, L.P. declared a quarterly dividend of $0.82 per share, with a dividend yield of 5.69%, payable on August 14th to investors of record on August 8th.
• The company has reported a 30.2% increase in revenue compared to the same quarter last year and a net margin of 26.27%, although it faced a negative return on equity of 414.56%.
• Research analysts have given Cheniere Energy Partners a consensus rating of "Reduce" with an average price target of $55.80, reflecting cautious sentiment regarding the stock's performance.

Cheniere Energy Partners, L.P. (NYSE:CQP - Get Free Report) declared a quarterly dividend on Tuesday, July 29th, RTT News reports. Shareholders of record on Friday, August 8th will be given a dividend of 0.82 per share on Thursday, August 14th. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, August 8th.

Cheniere Energy Partners Stock Performance

CQP stock traded down $1.13 during midday trading on Friday, hitting $56.55. 21,201 shares of the company's stock were exchanged, compared to its average volume of 194,512. The stock's fifty day moving average price is $56.23 and its 200-day moving average price is $59.62. The company has a market cap of $27.37 billion, a PE ratio of 13.59 and a beta of 0.42. Cheniere Energy Partners has a one year low of $47.00 and a one year high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 414.56% and a net margin of 26.27%. The company's quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 EPS. On average, analysts expect that Cheniere Energy Partners will post 4.14 EPS for the current year.

Analyst Ratings Changes

CQP has been the topic of several recent research reports. Bank of America lifted their price target on Cheniere Energy Partners from $50.00 to $53.00 and gave the company an "underperform" rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. lifted their price target on Cheniere Energy Partners from $56.00 to $58.00 and gave the company an "underweight" rating in a research note on Monday, April 28th. Barclays lifted their target price on Cheniere Energy Partners from $54.00 to $56.00 and gave the company an "underweight" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company reissued an "underweight" rating and set a $61.00 price target (up from $59.00) on shares of Cheniere Energy Partners in a research report on Wednesday, June 25th. Five investment analysts have rated the stock with a sell rating, According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $55.80.

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.