US Capital Advisors Has Weak Estimate for CQP Q4 Earnings

Cheniere Energy Partners (NYSE:CQP - Free Report) - Stock analysts at US Capital Advisors dropped their Q4 2024 EPS estimates for shares of Cheniere Energy Partners in a note issued to investors on Monday, February 3rd. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings per share of $0.99 for the quarter, down from their prior estimate of $1.11. The consensus estimate for Cheniere Energy Partners' current full-year earnings is $4.29 per share.

Several other analysts also recently issued reports on CQP. Wells Fargo & Company upped their price objective on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an "underweight" rating in a report on Wednesday, December 18th. Barclays raised their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, January 16th. Finally, Bank of America started coverage on Cheniere Energy Partners in a research report on Thursday, October 17th. They set an "underperform" rating and a $46.00 price objective for the company.

Cheniere Energy Partners Stock Performance

CQP traded down $0.67 on Wednesday, hitting $61.97. The company had a trading volume of 320,424 shares, compared to its average volume of 290,600. The company has a market capitalization of $30.00 billion, a PE ratio of 13.39 and a beta of 0.76. The stock's fifty day simple moving average is $57.94. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $66.47.

Hedge Funds Weigh In On Cheniere Energy Partners

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Cheniere Energy Partners by 21.9% during the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company's stock valued at $37,264,000 after purchasing an additional 137,477 shares during the period. Miller Howard Investments Inc. NY increased its holdings in Cheniere Energy Partners by 1.6% during the 4th quarter. Miller Howard Investments Inc. NY now owns 102,122 shares of the company's stock valued at $5,425,000 after purchasing an additional 1,571 shares in the last quarter. Mediolanum International Funds Ltd increased its position in Cheniere Energy Partners by 59.4% in the 4th quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company's stock valued at $5,126,000 after acquiring an additional 35,954 shares in the last quarter. Fred Alger Management LLC lifted its position in shares of Cheniere Energy Partners by 12.7% during the third quarter. Fred Alger Management LLC now owns 52,962 shares of the company's stock worth $2,580,000 after purchasing an additional 5,969 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Cheniere Energy Partners by 9.6% during the fourth quarter. Empowered Funds LLC now owns 34,526 shares of the company's stock valued at $1,834,000 after purchasing an additional 3,012 shares during the last quarter. Institutional investors and hedge funds own 46.55% of the company's stock.

Cheniere Energy Partners Increases Dividend

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