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. Shareholders 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 yield of 5.43%. The ex-dividend date of this dividend 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 %

CQP stock traded up $1.87 on Friday, reaching $60.40. 81,161 shares of the company's stock were exchanged, compared to its average volume of 165,595. The stock has a fifty day moving average of $61.78 and a 200-day moving average of $58.26. The firm has a market cap of $29.24 billion, a PE ratio of 14.18 and a beta of 0.45. Cheniere Energy Partners has a twelve month low of $46.71 and a twelve month high of $68.42.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by ($0.02). The company had revenue of $2.46 billion during 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%. On average, equities research analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays raised their price objective on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, January 16th. Bank of America upped their price target on shares of Cheniere Energy Partners from $49.00 to $50.00 and gave the company an "underperform" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. increased their target price 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, Stifel Nicolaus downgraded Cheniere Energy Partners from a "hold" rating to a "sell" rating and upped their price objective for the company from $50.00 to $51.00 in a research report on Friday, February 21st. Five analysts have rated the stock with a sell rating, According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $53.60.

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.