US Capital Advisors Comments on CQP FY2024 Earnings

Cheniere Energy Partners (NYSE:CQP - Free Report) - US Capital Advisors decreased their FY2024 earnings per share (EPS) estimates for Cheniere Energy Partners in a report released on Monday, February 3rd. US Capital Advisors analyst J. Carreker now anticipates that the company will earn $4.20 per share for the year, down from their previous forecast of $4.31. The consensus estimate for Cheniere Energy Partners' current full-year earnings is $4.29 per share. US Capital Advisors also issued estimates for Cheniere Energy Partners' Q1 2025 earnings at $1.03 EPS, Q2 2025 earnings at $0.93 EPS, Q3 2025 earnings at $0.95 EPS, Q4 2025 earnings at $1.07 EPS, FY2025 earnings at $3.98 EPS and FY2026 earnings at $4.04 EPS.

Several other research analysts have also recently weighed in on CQP. Bank of America began coverage on shares of Cheniere Energy Partners in a report on Thursday, October 17th. They issued an "underperform" rating and a $46.00 price target for the company. Barclays increased their target price on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company upped their price objective 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.

Cheniere Energy Partners Price Performance

NYSE CQP traded down $0.67 during trading hours on Thursday, reaching $61.97. 320,424 shares of the company's stock were exchanged, compared to its average volume of 290,600. The firm has a market capitalization of $30.00 billion, a P/E ratio of 13.39 and a beta of 0.76. The business's 50-day moving average price is $57.94. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $66.47.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Valley National Advisers Inc. raised its stake in shares of Cheniere Energy Partners by 30.1% during the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company's stock worth $71,000 after purchasing an additional 310 shares in the last quarter. IFP Advisors Inc raised its position in 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. Millburn Ridgefield Corp acquired a new stake in Cheniere Energy Partners in the third quarter valued at $116,000. Geneos Wealth Management Inc. grew its position in shares of Cheniere Energy Partners by 64.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company's stock valued at $135,000 after acquiring an additional 1,000 shares during the period. Finally, Larson Financial Group LLC acquired a new position in shares of Cheniere Energy Partners during the 3rd quarter worth about $146,000. 46.55% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 10th will be paid a $0.775 dividend. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.04. This represents a $3.10 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Monday, February 10th. Cheniere Energy Partners's payout ratio is presently 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.