Cheniere Energy Partners (NYSE:CQP) Issues Quarterly Earnings Results

Cheniere Energy Partners (NYSE:CQP) released its quarterly earnings data on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($1.03), FiscalAI reports. Cheniere Energy Partners had a negative return on equity of 1,446.48% and a net margin of 27.76%.The business had revenue of $3.60 billion during the quarter. During the same period in the prior year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis.

Cheniere Energy Partners Stock Down 2.0%

Shares of CQP traded down $1.27 during mid-day trading on Friday, reaching $61.93. The company’s stock had a trading volume of 15,863 shares, compared to its average volume of 109,609. Cheniere Energy Partners has a 1 year low of $49.53 and a 1 year high of $70.64. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 34.21. The company has a market cap of $29.98 billion, a price-to-earnings ratio of 11.98 and a beta of 0.36. The business has a fifty day moving average of $64.00 and a 200 day moving average of $57.96.

Cheniere Energy Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, May 8th. Cheniere Energy Partners’s payout ratio is 59.96%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CQP. Alps Advisors Inc. lifted its position in shares of Cheniere Energy Partners by 3.7% in the 4th quarter. Alps Advisors Inc. now owns 9,338,942 shares of the company’s stock worth $499,447,000 after acquiring an additional 336,946 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Cheniere Energy Partners by 2.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,784,925 shares of the company’s stock valued at $149,885,000 after purchasing an additional 68,599 shares during the period. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Cheniere Energy Partners by 37.6% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 1,092,866 shares of the company’s stock worth $58,446,000 after buying an additional 298,566 shares in the last quarter. Energy Income Partners LLC boosted its stake in Cheniere Energy Partners by 3.0% in the 3rd quarter. Energy Income Partners LLC now owns 1,046,437 shares of the company’s stock valued at $56,319,000 after buying an additional 30,172 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in Cheniere Energy Partners by 24.1% in the fourth quarter. Clearbridge Investments LLC now owns 611,873 shares of the company’s stock valued at $32,723,000 after acquiring an additional 118,782 shares during the period. Institutional investors own 46.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Cheniere Energy Partners from $51.00 to $57.00 and gave the company an “underperform” rating in a research note on Friday, March 20th. Royal Bank Of Canada upped their price objective on shares of Cheniere Energy Partners from $58.00 to $62.00 and gave the company a “sector perform” rating in a research report on Friday, March 6th. Wells Fargo & Company dropped their target price on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating on the stock in a research report on Friday, March 13th. Weiss Ratings raised Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 25th. Finally, Zacks Research raised Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $60.43.

Cheniere Energy Partners Company Profile

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.