CQP FY2024 EPS Forecast Decreased by US Capital Advisors

Cheniere Energy Partners (NYSE:CQP) – Equities research analysts at US Capital Advisors reduced their FY2024 earnings per share (EPS) estimates for Cheniere Energy Partners in a report issued on Monday, February 3rd. US Capital Advisors analyst J. Carreker now forecasts that the company will earn $4.20 per share for the year, down from their previous forecast of $4.31. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.32 per share. US Capital Advisors also issued estimates for Cheniere Energy Partners’ Q1 2025 earnings at $1.03 EPS, Q2 2025 earnings at $0.93 EPS, Q3 2025 earnings at $0.95 EPS, Q4 2025 earnings at $1.07 EPS, FY2025 earnings at $3.98 EPS and FY2026 earnings at $4.04 EPS.

CQP has been the topic of a number of other reports. Wells Fargo & Company lifted their price target on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th. Barclays upped their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Finally, Bank of America assumed coverage on Cheniere Energy Partners in a research report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price objective on the stock.

Cheniere Energy Partners Stock Down 3.5 %

Shares of NYSE:CQP opened at $62.36 on Thursday. The business’s 50-day moving average price is $57.77. The stock has a market cap of $30.18 billion, a PE ratio of 13.47 and a beta of 0.76. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $66.47.

Cheniere Energy Partners Increases Dividend

The company also recently announced 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. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Monday, February 10th. Cheniere Energy Partners’s payout ratio is presently 66.95%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Blankinship & Foster LLC acquired a new position in Cheniere Energy Partners in the 3rd quarter worth $424,000. 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 worth $37,264,000 after acquiring an additional 137,477 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Cheniere Energy Partners in the third quarter worth about $866,000. Mediolanum International Funds Ltd boosted its holdings in Cheniere Energy Partners by 59.4% in the fourth quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company’s stock valued at $5,126,000 after purchasing an additional 35,954 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Cheniere Energy Partners during the 3rd quarter valued at approximately $1,286,000. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

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.