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

Cheniere Energy Partners (NYSE:CQP) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 714,000 shares, a growth of 30.8% from the October 31st total of 545,700 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 125,500 shares, the short-interest ratio is currently 5.7 days.

Cheniere Energy Partners Price Performance

Shares of NYSE CQP opened at $58.25 on Monday. The firm has a market capitalization of $28.20 billion, a P/E ratio of 12.58 and a beta of 0.67. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year high of $62.34.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. Sell-side analysts expect that Cheniere Energy Partners will post 4.29 earnings per share for the current year.

Cheniere Energy Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a $0.035 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.24%. Cheniere Energy Partners’s dividend payout ratio (DPR) is presently 66.95%.

Institutional Trading of Cheniere Energy Partners

A number of institutional investors have recently made changes to their positions in the business. Fred Alger Management LLC increased its stake in Cheniere Energy Partners by 12.7% in the 3rd quarter. Fred Alger Management LLC now owns 52,962 shares of the company’s stock valued at $2,580,000 after buying an additional 5,969 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Cheniere Energy Partners by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock valued at $1,535,000 after acquiring an additional 1,043 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Cheniere Energy Partners in the third quarter valued at about $1,286,000. Montchanin Asset Management LLC raised its holdings in Cheniere Energy Partners by 2.6% during the third quarter. Montchanin Asset Management LLC now owns 19,515 shares of the company’s stock worth $951,000 after acquiring an additional 500 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in Cheniere Energy Partners during the third quarter valued at approximately $866,000. Institutional investors own 46.55% of the company’s stock.

Wall Street Analyst Weigh In

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

Cheniere Energy Partners Company Profile

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.