Cheniere Energy Partners LP (NYSEAMERICAN:CQP) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 1,444,786 shares, an increase of 15.9% from the November 15th total of 1,246,367 shares. Currently, 3.3% of the company’s stock are short sold. Based on an average daily volume of 281,742 shares, the days-to-cover ratio is currently 5.1 days.
A number of institutional investors have recently made changes to their positions in the stock. Blackstone Group L.P. grew its holdings in shares of Cheniere Energy Partners by 5,731.3% during the third quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock valued at $5,834,629,000 after purchasing an additional 198,978,886 shares during the last quarter. Allianz Asset Management GmbH bought a new position in shares of Cheniere Energy Partners during the third quarter valued at approximately $331,000. First Allied Advisory Services Inc. grew its holdings in shares of Cheniere Energy Partners by 45.0% during the third quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock valued at $759,000 after purchasing an additional 8,160 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Cheniere Energy Partners by 18.1% during the third quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock valued at $1,116,000 after purchasing an additional 5,934 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Cheniere Energy Partners by 7.7% during the third quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock valued at $1,587,000 after purchasing an additional 3,953 shares during the last quarter.
CQP has been the topic of a number of recent research reports. BidaskClub upgraded Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. Royal Bank of Canada reduced their price objective on Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating on the stock in a research note on Monday, October 16th. Zacks Investment Research cut Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, September 18th. Finally, BMO Capital Markets started coverage on Cheniere Energy Partners in a research note on Monday, September 25th. They issued an “outperform” rating and a $32.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $34.25.
Cheniere Energy Partners (NYSEAMERICAN CQP) opened at $28.39 on Thursday. Cheniere Energy Partners has a one year low of $26.41 and a one year high of $33.47.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($1.56). The firm had revenue of $903.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Cheniere Energy Partners had a net margin of 2.55% and a return on equity of 19.48%.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Friday, November 3rd were issued a $0.44 dividend. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 6.20%. The ex-dividend date of this dividend was Thursday, November 2nd. Cheniere Energy Partners’s payout ratio is currently 303.45%.
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Cheniere Energy Partners Company Profile
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
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