Zacks Research Issues Optimistic Estimate for CQP Earnings

Cheniere Energy Partners (NYSE:CQP) – Analysts at Zacks Research lifted their FY2024 EPS estimates for Cheniere Energy Partners in a research report issued on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $4.22 per share for the year, up from their prior estimate of $4.18. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.24 per share. Zacks Research also issued estimates for Cheniere Energy Partners’ FY2026 earnings at $3.94 EPS.

Separately, Bank of America assumed coverage on Cheniere Energy Partners in a research note on Thursday, October 17th. They issued an “underperform” rating and a $46.00 target price on the stock.

Cheniere Energy Partners Stock Performance

Shares of Cheniere Energy Partners stock opened at $54.64 on Monday. The stock has a market capitalization of $26.45 billion, a PE ratio of 11.80 and a beta of 0.67. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.08). The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 earnings per share.

Institutional Investors Weigh In On Cheniere Energy Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in CQP. Van ECK Associates Corp bought a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at about $416,000. Empowered Funds LLC boosted its position in Cheniere Energy Partners by 3.4% during the third quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock valued at $1,535,000 after purchasing an additional 1,043 shares during the last quarter. BIP Wealth LLC bought a new position in Cheniere Energy Partners in the third quarter valued at approximately $244,000. Larson Financial Group LLC acquired a new position in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $146,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $866,000. 46.55% of the stock is owned by institutional investors.

Cheniere Energy Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 66.95%.

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.