Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP – Get Rating) – Investment analysts at US Capital Advisors lifted their Q1 2024 earnings per share estimates for Cheniere Energy Partners in a research report issued to clients and investors on Friday, May 19th. US Capital Advisors analyst J. Carreker now forecasts that the energy company will post earnings of $0.83 per share for the quarter, up from their previous forecast of $0.82. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $2.70 per share. US Capital Advisors also issued estimates for Cheniere Energy Partners’ Q2 2024 earnings at $0.71 EPS, Q3 2024 earnings at $0.73 EPS, Q4 2024 earnings at $0.85 EPS, FY2024 earnings at $3.11 EPS and FY2025 earnings at $3.17 EPS.
A number of other equities analysts have also weighed in on the company. 92 Resources restated a “maintains” rating on shares of Cheniere Energy Partners in a research note on Thursday, May 4th. StockNews.com upgraded Cheniere Energy Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 2nd. TheStreet upgraded Cheniere Energy Partners from a “c” rating to a “b-” rating in a research note on Friday, March 3rd. Stifel Nicolaus decreased their target price on Cheniere Energy Partners from $53.00 to $49.00 in a research note on Wednesday, May 3rd. Finally, Royal Bank of Canada decreased their target price on Cheniere Energy Partners from $56.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 3rd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $51.14.
Cheniere Energy Partners Stock Performance
Cheniere Energy Partners (NYSEAMERICAN:CQP – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The energy company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.15. Cheniere Energy Partners had a negative return on equity of 104.57% and a net margin of 14.52%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.37 billion.
Cheniere Energy Partners Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 8th were issued a $0.775 dividend. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.62. This represents a $3.10 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date was Friday, May 5th. Cheniere Energy Partners’s dividend payout ratio is presently 94.51%.
Insider Transactions at Cheniere Energy Partners
In other news, major shareholder Holdings L.P. Blackstone III acquired 27,082 shares of the business’s stock in a transaction dated Wednesday, March 29th. The stock was purchased at an average cost of $47.11 per share, for a total transaction of $1,275,833.02. Following the acquisition, the insider now owns 18,535 shares of the company’s stock, valued at $873,183.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Cqp Rockies Platform Llc bought 53,413 shares of the company’s stock in a transaction that occurred on Monday, March 27th. The stock was bought at an average cost of $45.73 per share, for a total transaction of $2,442,576.49. Following the acquisition, the insider now directly owns 36,557 shares of the company’s stock, valued at approximately $1,671,751.61. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Holdings L.P. Blackstone III bought 27,082 shares of the company’s stock in a transaction that occurred on Wednesday, March 29th. The shares were bought at an average price of $47.11 per share, with a total value of $1,275,833.02. Following the completion of the acquisition, the insider now directly owns 18,535 shares in the company, valued at $873,183.85. The disclosure for this purchase can be found here.
Institutional Investors Weigh In On Cheniere Energy Partners
Institutional investors and hedge funds have recently bought and sold shares of the business. Evermay Wealth Management LLC purchased a new stake in Cheniere Energy Partners in the 1st quarter worth approximately $25,000. Kozak & Associates Inc. bought a new position in shares of Cheniere Energy Partners in the 1st quarter worth approximately $27,000. IFP Advisors Inc raised its position in shares of Cheniere Energy Partners by 613.6% in the 4th quarter. IFP Advisors Inc now owns 735 shares of the energy company’s stock worth $29,000 after acquiring an additional 632 shares in the last quarter. CoreCap Advisors LLC bought a new position in shares of Cheniere Energy Partners in the 4th quarter worth approximately $33,000. Finally, Global Retirement Partners LLC raised its position in shares of Cheniere Energy Partners by 255.6% in the 1st quarter. Global Retirement Partners LLC now owns 978 shares of the energy company’s stock worth $44,000 after acquiring an additional 703 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.
Cheniere Energy Partners Company Profile
Cheniere Energy Partners LP engages in the operations of liquefied natural gas. The company was founded in 2006 and is headquartered in Houston, TX.
- Get a free copy of the StockNews.com research report on Cheniere Energy Partners (CQP)
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