Cheniere Energy Partners, L.P. (NYSE:CQP) Declares Quarterly Dividend of $0.78

Cheniere Energy Partners, L.P. (NYSE:CQP) declared a quarterly dividend on Wednesday, January 28th. Stockholders of record on Monday, February 9th will be given a dividend of 0.775 per share on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, February 9th.

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

Cheniere Energy Partners Stock Performance

NYSE:CQP traded down $0.22 during mid-day trading on Thursday, hitting $56.99. 26,610 shares of the stock were exchanged, compared to its average volume of 73,350. The stock has a market capitalization of $27.58 billion, a price-to-earnings ratio of 14.84 and a beta of 0.40. The firm’s 50-day simple moving average is $54.37 and its 200 day simple moving average is $53.86. Cheniere Energy Partners has a fifty-two week low of $49.53 and a fifty-two week high of $68.42.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Wednesday, October 29th. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.21). The firm had revenue of $2.40 billion for the quarter. Cheniere Energy Partners had a negative return on equity of 591.00% and a net margin of 22.54%.The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 earnings per share. On average, analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Cheniere Energy Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust raised its position in Cheniere Energy Partners by 25.5% in the second quarter. Parkside Financial Bank & Trust now owns 924 shares of the company’s stock worth $52,000 after acquiring an additional 188 shares during the period. Virtus Investment Advisers LLC grew its holdings in Cheniere Energy Partners by 6.7% during the second quarter. Virtus Investment Advisers LLC now owns 3,064 shares of the company’s stock valued at $172,000 after purchasing an additional 193 shares during the period. Larson Financial Group LLC grew its stake in shares of Cheniere Energy Partners by 68.3% during the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after acquiring an additional 205 shares during the period. Disciplined Investors L.L.C. increased its stake in shares of Cheniere Energy Partners by 2.6% in the third quarter. Disciplined Investors L.L.C. now owns 8,669 shares of the company’s stock worth $467,000 after purchasing an additional 223 shares in the last quarter. Finally, Powell Investment Advisors LLC grew its stake in Cheniere Energy Partners by 1.5% in the 3rd quarter. Powell Investment Advisors LLC now owns 17,529 shares of the company’s stock valued at $943,000 after buying an additional 259 shares in 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 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.