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) announced a quarterly dividend on Tuesday, July 29th, RTT News reports. Stockholders of record on Friday, August 8th will be paid a dividend of 0.82 per share on Thursday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Friday, August 8th.

Cheniere Energy Partners Price Performance

Shares of NYSE:CQP traded down $0.86 during midday trading on Friday, reaching $56.81. The company's stock had a trading volume of 135,733 shares, compared to its average volume of 166,208. Cheniere Energy Partners has a fifty-two week low of $47.00 and a fifty-two week high of $68.42. The company has a market capitalization of $27.50 billion, a P/E ratio of 13.66 and a beta of 0.44. The business's fifty day simple moving average is $56.22 and its 200-day simple moving average is $59.59.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates 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 business's quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the firm earned $1.18 earnings per share. On average, analysts forecast that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Bank of America boosted their target price on Cheniere Energy Partners from $50.00 to $53.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 25th. Wells Fargo & Company reiterated an "underweight" rating and set a $61.00 price objective (up previously from $59.00) on shares of Cheniere Energy Partners in a report on Wednesday, June 25th. JPMorgan Chase & Co. lifted their price objective on Cheniere Energy Partners from $56.00 to $58.00 and gave the company an "underweight" rating in a report on Monday, April 28th. Finally, Barclays lifted their price objective on Cheniere Energy Partners from $54.00 to $56.00 and gave the company an "underweight" rating in a report on Wednesday, June 4th. Five analysts have rated the stock with a sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $55.80.

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.