Cheniere Energy Partners (NYSE:CQP) Issues Earnings Results

Cheniere Energy Partners (NYSE:CQP) posted its quarterly earnings data on Wednesday. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($1.03), FiscalAI reports. The firm had revenue of $3.60 billion during the quarter. Cheniere Energy Partners had a net margin of 27.76% and a negative return on equity of 1,446.48%. Cheniere Energy Partners’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share.

Cheniere Energy Partners Stock Down 1.5%

Shares of CQP stock traded down $0.99 during trading hours on Thursday, hitting $63.01. 187,059 shares of the company were exchanged, compared to its average volume of 89,130. The company has a debt-to-equity ratio of 34.21, a quick ratio of 0.68 and a current ratio of 0.78. The business’s 50-day simple moving average is $64.00 and its two-hundred day simple moving average is $57.96. Cheniere Energy Partners has a one year low of $49.53 and a one year high of $70.64. The stock has a market capitalization of $30.50 billion, a price-to-earnings ratio of 12.19 and a beta of 0.36.

Cheniere Energy Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 8th will be given a dividend of $0.775 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.10 annualized dividend and a dividend yield of 4.9%. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 59.96%.

Hedge Funds Weigh In On Cheniere Energy Partners

A number of large investors have recently bought and sold shares of CQP. Larson Financial Group LLC lifted its holdings in Cheniere Energy Partners by 68.3% in the third quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after acquiring an additional 205 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Cheniere Energy Partners by 180.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock worth $27,000 after acquiring an additional 306 shares during the last quarter. Caldwell Trust Co bought a new position in Cheniere Energy Partners in the fourth quarter worth about $29,000. First Pacific Financial bought a new position in Cheniere Energy Partners in the first quarter worth about $32,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Cheniere Energy Partners in the fourth quarter worth about $51,000. Institutional investors own 46.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CQP shares. Weiss Ratings raised shares of Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 25th. Zacks Research raised shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Bank of America increased their price target on shares of Cheniere Energy Partners from $51.00 to $57.00 and gave the stock an “underperform” rating in a research report on Friday, March 20th. Wells Fargo & Company reduced their price target on shares of Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating on the stock in a research report on Friday, March 13th. Finally, Royal Bank Of Canada increased their price target on shares of Cheniere Energy Partners from $58.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $60.43.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.