Cheniere Energy Partners LP (NYSE:CQP) announced a quarterly dividend on Tuesday, October 24th, RTT News reports. Investors of record on Friday, November 3rd will be paid a dividend of 0.44 per share on Tuesday, November 14th. This represents a $1.76 annualized dividend and a yield of 6.34%. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.43.

Cheniere Energy Partners has a payout ratio of 120.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Cheniere Energy Partners to earn $2.44 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 69.7%.

Shares of Cheniere Energy Partners (CQP) traded down 0.93% during midday trading on Tuesday, reaching $27.72. 211,846 shares of the company traded hands. Cheniere Energy Partners has a 12 month low of $25.97 and a 12 month high of $33.47. The firm has a market capitalization of $13.42 billion and a P/E ratio of 97.26. The company has a 50 day moving average of $28.00 and a 200 day moving average of $30.13.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results on Tuesday, August 8th. The company reported ($3.71) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($4.19). The business had revenue of $992.00 million for the quarter, compared to analyst estimates of $771.91 million. Cheniere Energy Partners had a return on equity of 39.76% and a net margin of 4.64%. On average, equities research analysts predict that Cheniere Energy Partners will post $0.33 earnings per share for the current fiscal year.

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A number of brokerages recently issued reports on CQP. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Scotiabank set a $34.00 price objective on shares of Cheniere Energy Partners and gave the company a “hold” rating in a research report on Saturday, July 22nd. Royal Bank Of Canada reduced their price objective on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, October 16th. BMO Capital Markets began coverage on shares of Cheniere Energy Partners in a research report on Monday, September 25th. They set an “outperform” rating and a $32.00 price objective for the company. Finally, Barclays PLC cut shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 target price for the company. in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Cheniere Energy Partners currently has an average rating of “Hold” and an average price target of $34.14.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.

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