Cheniere Energy Partners (CQP) To Go Ex-Dividend on February 10th

Cheniere Energy Partners (NYSE:CQP) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Monday, February 10th will be paid 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 Stock Performance

Shares of Cheniere Energy Partners stock opened at $61.95 on Friday. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $63.29. The company has a market cap of $29.99 billion, a price-to-earnings ratio of 13.38 and a beta of 0.75. The stock has a 50-day simple moving average of $57.11.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Cheniere Energy Partners’s revenue was down 3.4% on a year-over-year basis. Equities analysts anticipate that Cheniere Energy Partners will post 4.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.