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

Cheniere Energy Partners, L.P. (NYSE:CQP) announced a dividend on Friday, July 26th, NASDAQ reports. Shareholders of record on Wednesday, August 7th will be given a dividend of 0.775 per share on Wednesday, August 14th. The ex-dividend date is Wednesday, August 7th. This is an increase from Cheniere Energy Partners’s previous dividend of $0.62.

Cheniere Energy Partners has a dividend payout ratio of 105.9% indicating that 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 $4.18 per share next year, which means the company should continue to be able to cover its $4.14 annual dividend with an expected future payout ratio of 99.0%.

Cheniere Energy Partners Stock Performance

Shares of NYSE CQP traded up $0.90 during mid-day trading on Friday, hitting $53.79. The company had a trading volume of 109,637 shares, compared to its average volume of 175,713. Cheniere Energy Partners has a 12 month low of $45.51 and a 12 month high of $62.34. The company has a market cap of $26.04 billion, a price-to-earnings ratio of 11.40 and a beta of 0.69. The firm’s 50-day moving average price is $49.57.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Friday, May 3rd. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $1.90 billion. Cheniere Energy Partners had a negative return on equity of 275.07% and a net margin of 33.19%. The company’s quarterly revenue was down 21.3% on a year-over-year basis. During the same quarter last year, the company earned $3.50 EPS. Analysts anticipate that Cheniere Energy Partners will post 4.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CQP has been the topic of several analyst reports. Barclays boosted their price target on shares of Cheniere Energy Partners from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, July 17th. Sanford C. Bernstein started coverage on shares of Cheniere Energy Partners in a research note on Monday, June 24th. They issued a “market perform” rating on the stock. Finally, UBS Group cut their price target on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $49.25.

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.