Cheniere Energy Partners (NYSE:CQP) Sees Large Decline in Short Interest

Cheniere Energy Partners (NYSE:CQP) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 1,040,000 shares, a decrease of 21.8% from the February 28th total of 1,330,000 shares. Based on an average trading volume of 224,200 shares, the days-to-cover ratio is presently 4.6 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vermillion Wealth Management Inc. acquired a new stake in shares of Cheniere Energy Partners in the fourth quarter worth approximately $29,000. Valley National Advisers Inc. grew its stake in Cheniere Energy Partners by 30.1% during the fourth quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock worth $71,000 after buying an additional 310 shares during the period. IFP Advisors Inc lifted its holdings in shares of 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 acquiring an additional 638 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in Cheniere Energy Partners in the third quarter valued at about $116,000. Finally, Geneos Wealth Management Inc. boosted its position 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 period. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Stock Down 0.3 %

CQP traded down $0.22 during midday trading on Wednesday, reaching $67.82. 103,451 shares of the company’s stock were exchanged, compared to its average volume of 171,252. The company’s 50-day moving average price is $63.33. The firm has a market cap of $32.83 billion, a PE ratio of 15.92 and a beta of 0.70. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $68.73.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Equities analysts predict that Cheniere Energy Partners will post 4.14 earnings per share for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were paid a dividend of $0.775 per share. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.10 annualized dividend and a dividend yield of 4.57%. Cheniere Energy Partners’s dividend payout ratio is presently 72.77%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays boosted their target price 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. Wells Fargo & Company increased their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th. Finally, Stifel Nicolaus cut Cheniere Energy Partners from a “hold” rating to a “sell” rating and upped their price target for the stock from $50.00 to $51.00 in a report on Friday, February 21st.

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.