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

Cheniere Energy Partners, L.P. (NYSE:CQP) declared a quarterly dividend on Monday, April 29th, Wall Street Journal reports. Stockholders of record on Thursday, May 9th will be given 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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Performance

Cheniere Energy Partners stock traded down $1.99 during trading hours on Tuesday, reaching $48.42. 123,686 shares of the stock were exchanged, compared to its average volume of 190,769. The stock has a 50 day moving average price of $48.97. The company has a market cap of $23.44 billion, a P/E ratio of 6.97 and a beta of 0.68. Cheniere Energy Partners has a twelve month low of $43.42 and a twelve month high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.25. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. On average, sell-side analysts predict that Cheniere Energy Partners will post 3.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CQP. Stifel Nicolaus raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. UBS Group reduced their target price on shares of Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Finally, Barclays cut their target price on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating on the stock in a research report on Thursday, April 18th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.