Cheniere Energy Partners (NYSE:CQP) Issues Earnings Results

Cheniere Energy Partners (NYSE:CQP) posted its earnings results on Wednesday. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $1.11 by $1.27, FiscalAI reports. The company had revenue of $2.91 billion during the quarter. Cheniere Energy Partners had a net margin of 22.54% and a negative return on equity of 591.00%. The business’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 earnings per share.

Cheniere Energy Partners Price Performance

Shares of Cheniere Energy Partners stock traded up $0.47 during midday trading on Friday, hitting $61.22. The company had a trading volume of 28,825 shares, compared to its average volume of 85,508. Cheniere Energy Partners has a 1-year low of $49.53 and a 1-year high of $68.42. The business’s 50 day simple moving average is $56.19 and its two-hundred day simple moving average is $54.32. The stock has a market cap of $29.63 billion, a PE ratio of 15.94 and a beta of 0.42.

Cheniere Energy Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 9th were given a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, February 9th. Cheniere Energy Partners’s dividend payout ratio is currently 80.73%.

Institutional Trading of Cheniere Energy Partners

Several hedge funds and other institutional investors have recently bought and sold shares of CQP. NewEdge Advisors LLC raised its position in shares of Cheniere Energy Partners by 3.2% during the first quarter. NewEdge Advisors LLC now owns 9,717 shares of the company’s stock valued at $642,000 after buying an additional 300 shares during the last quarter. Jones Financial Companies Lllp grew its position in Cheniere Energy Partners by 1,863.4% during the first quarter. Jones Financial Companies Lllp now owns 7,029 shares of the company’s stock worth $464,000 after buying an additional 6,671 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Cheniere Energy Partners by 4.8% during the second quarter. Envestnet Asset Management Inc. now owns 14,179 shares of the company’s stock valued at $795,000 after acquiring an additional 647 shares during the period. Corps Capital Advisors LLC raised its holdings in Cheniere Energy Partners by 11.2% in the 2nd quarter. Corps Capital Advisors LLC now owns 10,452 shares of the company’s stock valued at $586,000 after acquiring an additional 1,052 shares in the last quarter. Finally, Disciplined Investors L.L.C. lifted its position in shares of Cheniere Energy Partners by 174.0% in the 2nd quarter. Disciplined Investors L.L.C. now owns 8,446 shares of the company’s stock worth $473,000 after acquiring an additional 5,364 shares during the period. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CQP shares. Citigroup decreased their price objective on shares of Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating for the company in a report on Monday, January 12th. Zacks Research lowered Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Bank of America cut their price objective on Cheniere Energy Partners from $53.00 to $51.00 and set an “underperform” rating on the stock in a research note on Thursday, December 11th. Weiss Ratings raised Cheniere Energy Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Morgan Stanley lowered their price target on Cheniere Energy Partners from $71.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cheniere Energy Partners currently has an average rating of “Strong Sell” and a consensus target price of $54.83.

About Cheniere Energy Partners

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.