Short Interest in Cheniere Energy Partners (NYSE:CQP) Drops By 21.8%

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

Cheniere Energy Partners Stock Performance

Shares of NYSE CQP traded up $1.96 during mid-day trading on Tuesday, reaching $68.00. The company had a trading volume of 212,826 shares, compared to its average volume of 171,522. The company has a 50-day moving average price of $63.18. The firm has a market cap of $32.92 billion, a price-to-earnings ratio of 15.96 and a beta of 0.70. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $68.30.

Cheniere Energy Partners (NYSE:CQP) last announced its quarterly earnings data 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). The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.37 billion. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. Equities research analysts predict that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were given a dividend of $0.775 per share. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 annualized dividend and a yield of 4.56%. The ex-dividend date was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 72.77%.

Institutional Investors Weigh In On Cheniere Energy Partners

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cheniere Energy Partners by 5.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,377,887 shares of the company’s stock valued at $126,313,000 after purchasing an additional 122,956 shares during the period. JPMorgan Chase & Co. grew its holdings in Cheniere Energy Partners by 21.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock worth $37,264,000 after acquiring an additional 137,477 shares during the period. Invesco Ltd. lifted its stake in shares of Cheniere Energy Partners by 1.7% in the 4th quarter. Invesco Ltd. now owns 269,671 shares of the company’s stock valued at $14,325,000 after purchasing an additional 4,383 shares during the period. McGowan Group Asset Management Inc. increased its stake in Cheniere Energy Partners by 0.3% in the fourth quarter. McGowan Group Asset Management Inc. now owns 239,305 shares of the company’s stock valued at $12,712,000 after purchasing an additional 735 shares in the last quarter. Finally, Miller Howard Investments Inc. NY raised its position in shares of Cheniere Energy Partners by 1.6% during the fourth quarter. Miller Howard Investments Inc. NY now owns 102,122 shares of the company’s stock worth $5,425,000 after purchasing an additional 1,571 shares during the period. Institutional investors own 46.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CQP. Barclays raised their target price on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Stifel Nicolaus cut Cheniere Energy Partners from a “hold” rating to a “sell” rating and boosted their price objective for the stock from $50.00 to $51.00 in a report on Friday, February 21st. Finally, Wells Fargo & Company boosted their price target on Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research note on Wednesday, December 18th.

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.