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

Cheniere Energy Partners, L.P. (NYSE:CQP) declared a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Wednesday, May 8th.

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 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 Price Performance

Shares of CQP traded down $1.96 during mid-day trading on Tuesday, hitting $48.45. The company’s stock had a trading volume of 134,390 shares, compared to its average volume of 190,769. Cheniere Energy Partners has a one year low of $43.42 and a one year high of $62.34. The firm has a market capitalization of $23.45 billion, a price-to-earnings ratio of 7.02 and a beta of 0.68. The business has a 50-day moving average of $48.97.

Cheniere Energy Partners (NYSE:CQP) last announced its earnings results on Thursday, February 22nd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.25. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. Research analysts expect that Cheniere Energy Partners will post 3.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CQP. Stifel Nicolaus upgraded Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Barclays decreased their price target on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a research note on Thursday, April 18th. Finally, UBS Group cut their price target on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Cheniere Energy Partners has a consensus rating of “Hold” and a consensus target price of $47.80.

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.