Cheniere Energy Partners LP (NYSE:CQP) Posts Earnings Results, Misses Expectations By $4.19 EPS

Cheniere Energy Partners LP (NYSE:CQP) posted its quarterly earnings results on Tuesday, August 8th. The company reported ($3.71) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $4.19, Morningstar.com reports. Cheniere Energy Partners had a net margin of 4.64% and a return on equity of 39.76%. The company had revenue of $992 million for the quarter, compared to analyst estimates of $771.91 million.

Shares of Cheniere Energy Partners (NYSE CQP) traded down 0.43% during midday trading on Friday, hitting $27.96. 136,287 shares of the stock were exchanged. The firm has a market cap of $13.53 billion and a P/E ratio of 98.11. The stock’s 50 day moving average is $30.04 and its 200 day moving average is $31.35. Cheniere Energy Partners has a 12-month low of $25.97 and a 12-month high of $33.47.

The business also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st were paid a $0.425 dividend. The ex-dividend date was Friday, July 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 6.08%.

Several hedge funds have recently made changes to their positions in CQP. JPMorgan Chase & Co. increased its stake in Cheniere Energy Partners by 2.9% in the first quarter. JPMorgan Chase & Co. now owns 1,213,168 shares of the company’s stock valued at $39,198,000 after buying an additional 34,545 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Cheniere Energy Partners by 2.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 35,483 shares of the company’s stock valued at $1,146,000 after buying an additional 925 shares during the last quarter. Infrastructure Capital Advisors LLC increased its stake in Cheniere Energy Partners by 100.3% in the first quarter. Infrastructure Capital Advisors LLC now owns 23,954 shares of the company’s stock valued at $774,000 after buying an additional 11,994 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its stake in Cheniere Energy Partners by 489.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 809,960 shares of the company’s stock valued at $26,158,000 after buying an additional 672,660 shares during the last quarter. Finally, Eagle Global Advisors LLC increased its stake in Cheniere Energy Partners by 23.4% in the first quarter. Eagle Global Advisors LLC now owns 1,790,886 shares of the company’s stock valued at $57,864,000 after buying an additional 339,600 shares during the last quarter.

Several research analysts have weighed in on the company. Scotiabank set a $34.00 price objective on shares of Cheniere Energy Partners and gave the company a “hold” rating in a research note on Saturday, April 22nd. Barclays PLC cut shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 price objective for the company. in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Sanford C. Bernstein started coverage on shares of Cheniere Energy Partners in a research report on Tuesday, May 16th. They set a “positive” rating and a $38.00 price target for the company. Finally, Morgan Stanley cut shares of Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $33.00 price target for the company. in a research report on Tuesday, June 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $35.00.

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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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