Cheniere Energy Partners (NYSE:CQP) Increases Dividend to $0.82 Per Share

Cheniere Energy Partners (NYSE:CQP - Get Free Report) announced a quarterly dividend on Tuesday, April 29th, RTT News reports. Stockholders of record on Friday, May 9th will be paid a dividend of 0.82 per share on Thursday, May 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date is Friday, May 9th. This is a 5.8% increase from Cheniere Energy Partners's previous quarterly dividend of $0.78.

Cheniere Energy Partners Stock Up 3.2 %

NYSE:CQP traded up $1.87 during mid-day trading on Friday, hitting $60.40. 81,161 shares of the company traded hands, compared to its average volume of 165,595. The stock's fifty day moving average price is $61.78 and its 200-day moving average price is $58.19. The firm has a market cap of $29.24 billion, a price-to-earnings ratio of 14.18 and a beta of 0.45. Cheniere Energy Partners has a one year low of $46.71 and a one year high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). The firm had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.37 billion. Cheniere Energy Partners had a net margin of 28.84% and a negative return on equity of 325.95%. Equities analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on CQP. Barclays increased their target price on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an "underweight" rating in a research report on Thursday, January 16th. Stifel Nicolaus lowered shares of Cheniere Energy Partners from a "hold" rating to a "sell" rating and increased their price objective for the company from $50.00 to $51.00 in a report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an "underweight" rating in a research report on Monday, April 28th. Finally, Bank of America raised their target price on shares of Cheniere Energy Partners from $49.00 to $50.00 and gave the company an "underperform" rating in a research note on Tuesday. Five analysts have rated the stock with a sell rating, According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $53.60.

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.