Cheniere Energy Partners (NYSE:CQP) to Issue Quarterly Dividend of $0.78

Cheniere Energy Partners (NYSE:CQP) announced a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Investors of record on Monday, February 10th will be given a dividend of 0.775 per share on Friday, February 14th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date is Monday, February 10th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04.

Cheniere Energy Partners Trading Up 0.6 %

NYSE:CQP traded up $0.37 during trading hours on Thursday, reaching $61.95. The stock had a trading volume of 259,728 shares, compared to its average volume of 193,117. Cheniere Energy Partners has a 12-month low of $45.51 and a 12-month high of $63.01. The stock has a 50 day moving average of $56.95. The firm has a market capitalization of $29.99 billion, a PE ratio of 13.38 and a beta of 0.75.

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

Analyst Upgrades and Downgrades

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

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.