Cheniere Energy Partners, L.P. (NYSE:CQP) to Issue Dividend Increase – $0.78 Per Share

Cheniere Energy Partners, L.P. (NYSE:CQP) declared a quarterly dividend on Friday, July 26th, NASDAQ reports. Shareholders of record on Wednesday, August 7th will be given a dividend of 0.775 per share on Wednesday, August 14th. This represents a $3.10 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend is Wednesday, August 7th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.62.

Cheniere Energy Partners has a 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. Equities analysts expect Cheniere Energy Partners to earn $4.18 per share next year, which means the company should continue to be able to cover its $4.14 annual dividend with an expected future payout ratio of 99.0%.

Cheniere Energy Partners Stock Performance

Shares of CQP stock traded up $0.46 during trading hours on Tuesday, hitting $50.54. 17,627 shares of the company were exchanged, compared to its average volume of 174,274. The stock has a market cap of $24.46 billion, a price-to-earnings ratio of 10.81 and a beta of 0.69. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $62.34. The business’s fifty day moving average price is $50.00.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Friday, May 3rd. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.21. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $1.90 billion. Cheniere Energy Partners had a net margin of 33.19% and a negative return on equity of 275.07%. The company’s revenue was down 21.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.50 EPS. As a group, equities research analysts predict that Cheniere Energy Partners will post 4.14 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays increased their price objective on shares of Cheniere Energy Partners from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, July 17th. UBS Group cut their price objective on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Finally, Sanford C. Bernstein initiated coverage on Cheniere Energy Partners in a research note on Monday, June 24th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $49.25.

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.