Cheniere Energy Partners (NYSE:CQP) Declares Dividend Increase – $0.78 Per Share

Cheniere Energy Partners (NYSE:CQP) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.775 per share on Friday, February 14th. This represents a $3.10 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Monday, February 10th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04.

Cheniere Energy Partners Stock Up 0.6 %

CQP traded up $0.37 on Thursday, hitting $61.95. 1,303,362 shares of the stock were exchanged, compared to its average volume of 251,193. Cheniere Energy Partners has a 12 month low of $45.51 and a 12 month high of $63.29. The firm has a market capitalization of $29.99 billion, a price-to-earnings ratio of 13.38 and a beta of 0.75. The company has a 50-day moving average of $56.95.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.08). Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue was down 3.4% on a year-over-year basis. On average, equities analysts expect that Cheniere Energy Partners will post 4.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CQP. Bank of America began coverage on shares of Cheniere Energy Partners in a report on Thursday, October 17th. They set an “underperform” rating and a $46.00 price target for the company. Barclays upped their target price on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company boosted their price target on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a report on Wednesday, December 18th.

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.