CQP FY2024 EPS Forecast Lowered by US Capital Advisors

Cheniere Energy Partners (NYSE:CQP) – US Capital Advisors dropped their FY2024 EPS estimates for Cheniere Energy Partners in a report released on Monday, February 3rd. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings per share of $4.20 for the year, down from their prior 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.

Other equities research analysts have also issued reports about the stock. 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 note on Wednesday, December 18th. Barclays lifted their target price 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, Bank of America started coverage on shares of Cheniere Energy Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price objective for the company.

Cheniere Energy Partners Trading Up 0.7 %

Shares of NYSE CQP opened at $64.70 on Thursday. The company has a market capitalization of $31.32 billion, a PE ratio of 13.97 and a beta of 0.76. Cheniere Energy Partners has a twelve month low of $45.51 and a twelve month high of $66.47. The stock’s fifty day moving average price is $57.77.

Cheniere Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 10th will be given a $0.775 dividend. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date is Monday, February 10th. This represents a $3.10 annualized dividend and a yield of 4.79%. Cheniere Energy Partners’s payout ratio is currently 66.95%.

Institutional Trading of Cheniere Energy Partners

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

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.