US Capital Advisors Equities Analysts Increase Earnings Estimates for Cheniere Energy Partners, L.P. (NYSE:CQP)

Cheniere Energy Partners, L.P. (NYSE:CQP) – Stock analysts at US Capital Advisors boosted their Q2 2024 earnings per share (EPS) estimates for shares of Cheniere Energy Partners in a report released on Tuesday, May 21st. US Capital Advisors analyst J. Carreker now expects that the company will post earnings per share of $0.87 for the quarter, up from their prior forecast of $0.86. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.33 per share. US Capital Advisors also issued estimates for Cheniere Energy Partners’ Q3 2024 earnings at $0.92 EPS, Q4 2024 earnings at $1.11 EPS, FY2024 earnings at $4.08 EPS, Q1 2025 earnings at $1.06 EPS, Q2 2025 earnings at $0.95 EPS, Q3 2025 earnings at $0.97 EPS, Q4 2025 earnings at $1.10 EPS, FY2025 earnings at $4.07 EPS and FY2026 earnings at $4.16 EPS.

A number of other analysts have also recently commented on the company. Stifel Nicolaus raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. UBS Group lowered their price target on Cheniere Energy Partners from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Finally, Barclays lowered their price target on Cheniere Energy Partners from $51.00 to $45.00 and set an “underweight” rating for the company in a research report on Thursday, April 18th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy Partners presently has an average rating of “Hold” and a consensus target price of $47.80.

Cheniere Energy Partners Price Performance

Cheniere Energy Partners stock opened at $48.87 on Wednesday. The stock has a fifty day simple moving average of $48.74. Cheniere Energy Partners has a 1-year low of $43.42 and a 1-year high of $62.34. The firm has a market cap of $23.66 billion, a PE ratio of 10.56 and a beta of 0.68.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Friday, May 3rd. The company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Cheniere Energy Partners had a negative return on equity of 275.07% and a net margin of 33.19%. The business’s quarterly revenue was down 21.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.50 EPS.

Hedge Funds Weigh In On Cheniere Energy Partners

Several institutional investors and hedge funds have recently modified their holdings of CQP. Alps Advisors Inc. increased its stake in shares of Cheniere Energy Partners by 13.1% in the 3rd quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company’s stock valued at $376,776,000 after purchasing an additional 802,824 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Cheniere Energy Partners by 15.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,677 shares of the company’s stock valued at $110,119,000 after purchasing an additional 298,335 shares in the last quarter. Invesco Ltd. increased its stake in shares of Cheniere Energy Partners by 170.2% in the 3rd quarter. Invesco Ltd. now owns 391,808 shares of the company’s stock valued at $21,232,000 after purchasing an additional 246,808 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Cheniere Energy Partners by 37.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the company’s stock valued at $30,624,000 after purchasing an additional 167,567 shares in the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in shares of Cheniere Energy Partners in the 1st quarter valued at about $5,794,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, May 9th were issued a $0.775 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $3.10 annualized dividend and a dividend yield of 6.34%. Cheniere Energy Partners’s dividend payout ratio (DPR) 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.