US Capital Advisors Has Positive View of CQP FY2024 Earnings

Cheniere Energy Partners (NYSE:CQP) – Research analysts at US Capital Advisors increased their FY2024 earnings estimates for shares of Cheniere Energy Partners in a note issued to investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now expects that the company will earn $4.31 per share for the year, up from their prior estimate of $4.16. The consensus estimate for Cheniere Energy Partners’ current full-year earnings is $4.25 per share. US Capital Advisors also issued estimates for Cheniere Energy Partners’ Q1 2025 earnings at $1.02 EPS, Q2 2025 earnings at $0.91 EPS, Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $1.06 EPS and FY2025 earnings at $3.93 EPS.

Separately, Bank of America initiated coverage on shares of Cheniere Energy Partners in a research note on Thursday, October 17th. They set an “underperform” rating and a $46.00 price target on the stock.

Cheniere Energy Partners Stock Performance

Shares of CQP stock opened at $57.26 on Wednesday. The company has a market cap of $27.72 billion, a P/E ratio of 12.37 and a beta of 0.67. Cheniere Energy Partners has a 12 month low of $45.51 and a 12 month high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last released its earnings results on Thursday, October 31st. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis.

Cheniere Energy Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Monday, November 4th. Cheniere Energy Partners’s payout ratio is currently 66.95%.

Institutional Trading of Cheniere Energy Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. Fred Alger Management LLC raised its position in shares of Cheniere Energy Partners by 12.7% during the 3rd quarter. Fred Alger Management LLC now owns 52,962 shares of the company’s stock valued at $2,580,000 after buying an additional 5,969 shares in the last quarter. Empowered Funds LLC raised its position in shares of Cheniere Energy Partners by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock valued at $1,535,000 after buying an additional 1,043 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Cheniere Energy Partners during the 3rd quarter valued at $1,286,000. Montchanin Asset Management LLC raised its position in shares of Cheniere Energy Partners by 2.6% during the 3rd quarter. Montchanin Asset Management LLC now owns 19,515 shares of the company’s stock valued at $951,000 after buying an additional 500 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Cheniere Energy Partners during the 3rd quarter valued at $866,000. 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.