US Capital Advisors Weighs in on Cheniere Energy Partners, L.P.’s Q2 2024 Earnings (NYSE:CQP)

Cheniere Energy Partners, L.P. (NYSE:CQP) – Stock analysts at US Capital Advisors increased their Q2 2024 EPS estimates for Cheniere Energy Partners in a research report issued on Tuesday, May 21st. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings of $0.87 per share for the quarter, up from their prior estimate of $0.86. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.36 per share. US Capital Advisors also issued estimates for Cheniere Energy Partners’ Q3 2024 earnings at $0.92 EPS, Q4 2024 earnings at $1.11 EPS, FY2024 earnings at $4.08 EPS, Q1 2025 earnings at $1.06 EPS, Q2 2025 earnings at $0.95 EPS, Q3 2025 earnings at $0.97 EPS, Q4 2025 earnings at $1.10 EPS, FY2025 earnings at $4.07 EPS and FY2026 earnings at $4.16 EPS.

Several other equities research analysts have also commented on CQP. Barclays cut their price target on shares of Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating on the stock in a research note on Thursday, April 18th. Stifel Nicolaus raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. 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 research report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $47.80.

Cheniere Energy Partners Price Performance

Shares of Cheniere Energy Partners stock opened at $49.33 on Wednesday. The stock has a market capitalization of $23.88 billion, a price-to-earnings ratio of 10.65 and a beta of 0.68. Cheniere Energy Partners has a 52 week low of $43.42 and a 52 week high of $62.34. The company has a 50 day moving average of $48.77.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Friday, May 3rd. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21. The business had revenue of $2.30 billion for 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 business’s revenue for the quarter was down 21.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.50 EPS.

Cheniere Energy Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 9th were paid a $0.775 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $3.10 annualized dividend and a dividend yield of 6.28%. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 66.95%.

Institutional Investors Weigh In On Cheniere Energy Partners

Several large investors have recently modified their holdings of CQP. Baystate Wealth Management LLC acquired a new position in Cheniere Energy Partners in the 4th quarter valued at $25,000. Creekmur Asset Management LLC acquired a new position in shares of Cheniere Energy Partners during the fourth quarter worth about $25,000. Russell Investments Group Ltd. purchased a new position in Cheniere Energy Partners during the first quarter worth about $34,000. Lee Financial Co lifted its position in Cheniere Energy Partners by 535.9% in the fourth quarter. Lee Financial Co now owns 1,170 shares of the company’s stock valued at $58,000 after purchasing an additional 986 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in Cheniere Energy Partners by 34.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,388 shares of the company’s stock valued at $72,000 after purchasing an additional 353 shares in the last quarter. Hedge funds and other institutional investors own 46.55% of the company’s stock.

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.