8,443 Shares in Cheniere Energy Partners (NYSE:CQP) Purchased by Van ECK Associates Corp

Van ECK Associates Corp bought a new stake in shares of Cheniere Energy Partners (NYSE:CQP) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,443 shares of the company’s stock, valued at approximately $416,000.

Analysts Set New Price Targets

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

Cheniere Energy Partners Stock Performance

NYSE CQP opened at $49.80 on Wednesday. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $62.34. The firm has a market capitalization of $24.11 billion, a PE ratio of 10.76 and a beta of 0.67.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly 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). The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. On average, sell-side analysts predict that Cheniere Energy Partners will post 4.24 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 4th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.28%. The ex-dividend date is Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio is 66.95%.

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.