Cheniere Energy Partners, L.P. (NYSE:CQP) Stock to Pay Quarterly Dividend of $0.12

Cheniere Energy Partners, L.P. (NYSE:CQP) declared a quarterly dividend on Friday, October 23rd. Shareholders of record on Tuesday, November 3rd will be paid a dividend of $0.1150 per share on Friday, November 13th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, November 3rd. This is a 85.2% decrease from Cheniere Energy Partners’s previous quarterly dividend of $0.7750.

Cheniere Energy Partners has raised its dividend payment by an average of 0.1% per year over the last three years.

Cheniere Energy Partners Price Performance

CQP stock traded up $1.56 during trading on Friday, hitting $65.78. 62,819 shares of the stock traded hands, compared to its average volume of 107,022. Cheniere Energy Partners has a one year low of $49.76 and a one year high of $71.25. The stock has a market cap of $31.84 billion, a price-to-earnings ratio of 11.94 and a beta of 0.34. The company has a 50 day simple moving average of $65.83 and a 200 day simple moving average of $64.19. The company has a current ratio of 1.22, a quick ratio of 1.09 and a debt-to-equity ratio of 19.01.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $1.13. Cheniere Energy Partners had a return on equity of 1,121.60% and a net margin of 27.31%. The company had revenue of $2.58 billion for the quarter. During the same period in the prior year, the firm posted $0.91 EPS. Cheniere Energy Partners’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts expect that Cheniere Energy Partners will post 4.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Cheniere Energy Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Asset One Wealth Management LLC grew its stake in Cheniere Energy Partners by 1.6% in the second quarter. Asset One Wealth Management LLC now owns 10,232 shares of the company’s stock valued at $636,000 after purchasing an additional 157 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Cheniere Energy Partners by 4.5% during the 3rd quarter. Sigma Planning Corp now owns 4,215 shares of the company’s stock worth $257,000 after purchasing an additional 183 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Cheniere Energy Partners by 1.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,451 shares of the company’s stock worth $740,000 after purchasing an additional 215 shares in the last quarter. Powell Investment Advisors LLC raised its stake in shares of Cheniere Energy Partners by 1.2% during the 3rd quarter. Powell Investment Advisors LLC now owns 18,490 shares of the company’s stock worth $1,125,000 after purchasing an additional 218 shares in the last quarter. Finally, Two Sigma Securities LLC boosted its holdings in shares of Cheniere Energy Partners by 7.0% in the 2nd quarter. Two Sigma Securities LLC now owns 4,288 shares of the company’s stock valued at $261,000 after buying an additional 279 shares during the last quarter. 46.55% of the stock is owned by institutional investors.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (NYSE:CQP) is a publicly traded master limited partnership focused on the development, ownership and operation of liquefied natural gas (LNG) infrastructure. The partnership is sponsored by Cheniere Energy, Inc, a leading U.S. LNG company, through its ownership of Cheniere Energy Partners GP, LLC.

CQP’s principal assets include the Sabine Pass LNG facility in Cameron Parish, Louisiana, and interests associated with the Corpus Christi LNG facility in Texas.