Q4 Earnings Forecast for CQP Issued By US Capital Advisors

Cheniere Energy Partners (NYSE:CQP) – Analysts at US Capital Advisors dropped their Q4 2024 earnings per share estimates for Cheniere Energy Partners in a report issued on Monday, February 3rd. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings of $0.99 per share for the quarter, down from their previous estimate of $1.11. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.32 per share.

Other research analysts have also issued reports about the company. Wells Fargo & Company increased their target price on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th. Bank of America initiated coverage on shares of 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. Finally, Barclays boosted their price objective on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th.

Cheniere Energy Partners Price Performance

Shares of Cheniere Energy Partners stock opened at $62.36 on Wednesday. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $66.47. The firm has a market cap of $30.18 billion, a P/E ratio of 13.47 and a beta of 0.76. The stock’s 50 day moving average is $57.77.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of institutional investors have recently bought and sold shares of CQP. Raymond James Financial Inc. acquired a new stake in shares of Cheniere Energy Partners during the fourth quarter worth approximately $1,365,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Cheniere Energy Partners by 10.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,182 shares of the company’s stock valued at $382,000 after acquiring an additional 700 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new position in shares of Cheniere Energy Partners in the fourth quarter worth $876,000. IFP Advisors Inc raised its holdings in shares of Cheniere Energy Partners by 53.7% during the fourth quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock worth $97,000 after acquiring an additional 638 shares in the last quarter. Finally, Sigma Planning Corp grew its stake in Cheniere Energy Partners by 4.9% in the fourth quarter. Sigma Planning Corp now owns 5,161 shares of the company’s stock valued at $274,000 after purchasing an additional 243 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 10th will be paid a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Monday, February 10th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04. Cheniere Energy Partners’s payout ratio is currently 66.95%.

About Cheniere Energy Partners

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.