What is US Capital Advisors’ Estimate for CQP Q4 Earnings?

Cheniere Energy Partners (NYSE:CQP) – Research analysts at US Capital Advisors cut their Q4 2024 earnings estimates for shares of Cheniere Energy Partners in a note issued to investors on Monday, February 3rd. US Capital Advisors analyst J. Carreker now expects that the company will earn $0.99 per share for the quarter, down from their prior estimate of $1.11. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.32 per share.

A number of other analysts also recently commented on the company. Bank of America began coverage on Cheniere Energy Partners in a research report on Thursday, October 17th. They set an “underperform” rating and a $46.00 price target for the company. Barclays boosted their price target on shares of 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 raised 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.

Cheniere Energy Partners Stock Performance

Cheniere Energy Partners stock opened at $64.70 on Wednesday. Cheniere Energy Partners has a 52 week low of $45.51 and a 52 week high of $66.47. The business’s 50 day moving average price is $57.77. The company has a market cap of $31.32 billion, a PE ratio of 13.97 and a beta of 0.76.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Valley National Advisers Inc. lifted its position in shares of Cheniere Energy Partners by 30.1% during the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock worth $71,000 after acquiring an additional 310 shares in the last quarter. IFP Advisors Inc lifted its holdings in Cheniere Energy Partners by 53.7% during the 4th quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock worth $97,000 after purchasing an additional 638 shares in the last quarter. Millburn Ridgefield Corp bought a new position in Cheniere Energy Partners in the 3rd quarter worth about $116,000. Geneos Wealth Management Inc. grew its holdings in Cheniere Energy Partners by 64.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock valued at $135,000 after buying an additional 1,000 shares in the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of Cheniere Energy Partners during the third quarter valued at about $146,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, February 10th. 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 dividend yield of 4.79%. Cheniere Energy Partners’s payout ratio is presently 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.