Cheniere Energy Partners, L.P. Declares Quarterly Dividend of $0.78 (NYSE:CQP)

Cheniere Energy Partners, L.P. (NYSE:CQP - Get Free Report) declared a quarterly dividend on Monday, April 29th, Wall Street Journal reports. Investors of record on Thursday, May 9th will be paid a dividend of 0.775 per share on Wednesday, May 15th. This represents a $3.10 annualized dividend and a yield of 6.40%. The ex-dividend date is Wednesday, May 8th.

Cheniere Energy Partners has a dividend payout ratio of 105.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Cheniere Energy Partners to earn $3.89 per share next year, which means the company may not be able to cover its $4.14 annual dividend with an expected future payout ratio of 106.4%.

Cheniere Energy Partners Trading Down 3.9 %

Shares of NYSE CQP traded down $1.99 during midday trading on Tuesday, reaching $48.42. 123,686 shares of the stock were exchanged, compared to its average volume of 190,769. The company has a market capitalization of $23.44 billion, a price-to-earnings ratio of 6.97 and a beta of 0.68. The firm has a 50-day moving average price of $48.88. Cheniere Energy Partners has a twelve month low of $43.42 and a twelve month high of $62.34.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.25. Cheniere Energy Partners had a net margin of 44.02% and a negative return on equity of 292.30%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. On average, analysts forecast that Cheniere Energy Partners will post 3.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on CQP shares. UBS Group lowered their price target on Cheniere Energy Partners from $53.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 24th. Barclays decreased their target price on Cheniere Energy Partners from $51.00 to $45.00 and set an "underweight" rating on the stock in a research report on Thursday, April 18th. Finally, Stifel Nicolaus raised shares of Cheniere Energy Partners from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $47.80.

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.