Cheniere Energy Partners, L.P. (NYSE:CQP) Short Interest Down 6.8% in August

Cheniere Energy Partners, L.P. (NYSE:CQP) saw a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 692,000 shares, a decrease of 6.8% from the July 31st total of 742,700 shares. Based on an average trading volume of 153,200 shares, the days-to-cover ratio is presently 4.5 days. Currently, 0.3% of the shares of the company are sold short.

Cheniere Energy Partners Trading Down 1.5 %

Shares of Cheniere Energy Partners stock opened at $48.26 on Wednesday. The company’s 50-day moving average price is $50.18 and its 200-day moving average price is $49.38. Cheniere Energy Partners has a 12-month low of $45.51 and a 12-month high of $62.34. The company has a market cap of $23.36 billion, a price-to-earnings ratio of 10.42 and a beta of 0.69.

Cheniere Energy Partners (NYSE:CQP) last posted its earnings results on Thursday, August 8th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Cheniere Energy Partners had a net margin of 32.76% and a negative return on equity of 292.75%. On average, sell-side analysts predict that Cheniere Energy Partners will post 4.26 earnings per share for the current year.

Cheniere Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were given a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 6.42%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Wednesday, August 7th. Cheniere Energy Partners’s payout ratio is presently 66.95%.

Institutional Trading of Cheniere Energy Partners

A number of large investors have recently modified their holdings of the business. Cetera Investment Advisers raised its position in shares of Cheniere Energy Partners by 40.8% during the 2nd quarter. Cetera Investment Advisers now owns 43,345 shares of the company’s stock valued at $2,129,000 after buying an additional 12,554 shares in the last quarter. Truist Financial Corp raised its position in Cheniere Energy Partners by 6.9% during the second quarter. Truist Financial Corp now owns 19,487 shares of the company’s stock valued at $957,000 after purchasing an additional 1,255 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Cheniere Energy Partners by 23.8% during the second quarter. B. Riley Wealth Advisors Inc. now owns 6,945 shares of the company’s stock worth $341,000 after purchasing an additional 1,336 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cheniere Energy Partners by 980.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock worth $90,000 after purchasing an additional 1,666 shares in the last quarter. Finally, Creative Planning bought a new position in shares of Cheniere Energy Partners during the 2nd quarter valued at about $276,000. Institutional investors own 46.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CQP. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy Partners in a research report on Monday, June 24th. They set a “market perform” rating for the company. Barclays raised their price objective on shares of Cheniere Energy Partners from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $49.25.

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.