Cheniere Energy Partners, L.P. (CQP) to Distribute Quarterly Dividend of $0.78 on August 14th

Cheniere Energy Partners, L.P. (NYSE:CQPGet Free Report) declared a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, August 7th will be given a dividend of 0.775 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, August 7th.

Cheniere Energy Partners has increased its dividend payment by an average of 0.1%annually over the last three years.

Cheniere Energy Partners Stock Up 0.6%

Cheniere Energy Partners stock opened at $64.46 on Thursday. Cheniere Energy Partners has a fifty-two week low of $49.53 and a fifty-two week high of $70.64. The stock has a market cap of $31.20 billion, a PE ratio of 15.06 and a beta of 0.31. The firm’s 50-day simple moving average is $62.48 and its 200 day simple moving average is $61.83. The company has a debt-to-equity ratio of 161.69, a quick ratio of 0.37 and a current ratio of 0.42.

Cheniere Energy Partners (NYSE:CQPGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($1.03). The firm had revenue of $3.60 billion during the quarter. Cheniere Energy Partners had a negative return on equity of 4,929.80% and a net margin of 22.27%.The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm earned $1.08 earnings per share. Research analysts predict that Cheniere Energy Partners will post 4.22 EPS for the current fiscal year.

Institutional Trading of Cheniere Energy Partners

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in shares of Cheniere Energy Partners by 3.2% in the first quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock valued at $642,000 after buying an additional 300 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Cheniere Energy Partners by 1,863.4% during the 1st quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company’s stock worth $464,000 after acquiring an additional 6,671 shares during the period. Creative Planning increased its holdings in Cheniere Energy Partners by 18.4% in the 2nd quarter. Creative Planning now owns 5,326 shares of the company’s stock worth $299,000 after acquiring an additional 826 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Cheniere Energy Partners by 180.0% in the 2nd 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. Finally, Bank of America Corp DE raised its stake in Cheniere Energy Partners by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 319,717 shares of the company’s stock valued at $17,920,000 after acquiring an additional 3,659 shares during the period. 46.55% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Partners Company Profile

(Get Free Report)

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.

See Also

Dividend History for Cheniere Energy Partners (NYSE:CQP)

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