Cheniere Energy Partners, LP Expects FY2024 Earnings of $4.16 Per Share (NYSE:CQP)

Cheniere Energy Partners, LP (NYSE:CQP – Free Report) – US Capital Advisors boosted their FY2024 earnings per share (EPS) estimates for Cheniere Energy Partners in a report issued on Wednesday, August 21st. US Capital Advisors analyst J. Carreker now anticipates that the company will earn $4.16 per share for the year, up from their prior estimate of $4.05. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.14 per share.

Cheniere Energy Partners (NYSE:CQP – Get Your Free Report ) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy Partners had a net margin of 33.19% and a negative return on equity of 275.07%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion.

A number of other equities analysts have recently issued reports on CQP. Barclays boosted their target price on Cheniere Energy Partners from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 17th. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy Partners in a report on Monday, June 24th. They have issued a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $49.25, according to MarketBeat.com.

Check out the latest stock analysis on Cheniere Energy Partners

Share performance of Cheniere Energy Partners

Shares of NYSE:CQP opened at $47.96 on Monday. Cheniere Energy Partners has a 52-week low of $45.51 and a 52-week high of $62.34. The firm has a 50-day moving average price of $50.09. The firm has a market cap of $23.21 billion, a P/E ratio of 10.36 and a beta of 0.69.

Cheniere Energy Partners increases dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were given a $0.775 dividend. The ex-dividend date was Wednesday, August 7. This is a positive change from Cheniere Energy Partners’ previous quarterly dividend of $0.62. This represents an annualized dividend of $3.10 and a dividend yield of 6.46%. Cheniere Energy Partners’ dividend payout ratio is currently 66.95%.

Institutional trading of Cheniere Energy Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in shares of Cheniere Energy Partners in the fourth quarter valued at about $7,440,000. Atria Wealth Solutions Inc. boosted its holdings in Cheniere Energy Partners by 2.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 8,130 shares of the company’s stock valued at $405,000 after acquiring an additional 210 shares in the last quarter. Lee Financial Co grew its holdings in shares of Cheniere Energy Partners by 535.9% during the 4th quarter. Lee Financial Co now owns 1,170 shares of the company’s stock worth $58,000 after buying an additional 986 shares in the period time. Wells Fargo & Company MN boosted its holdings in shares of Cheniere Energy Partners by 49.2% during the fourth quarter. Wells Fargo & Company MN now owns 210,905 shares of the company’s stock worth $10,501,000 after purchasing an additional 69,567 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Cheniere Energy Partners by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the company’s stock valued at $30,624,000 after purchasing an additional 167,567 shares in the last quarter. Hedge funds and other institutional investors own 46.55% of the company’s shares.

Cheniere Energy Partners Company Profile

(Get a free report)

Cheniere Energy Partners, LP, through its subsidiaries, supplies liquefied natural gas (LNG) to integrated energy companies, utilities and energy trading companies worldwide. The company owns and operates a natural gas liquefaction and export facility at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana.

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