Cheniere Energy Partners (NYSE:CQP) Short Interest Down 21.8% in March

Cheniere Energy Partners (NYSE:CQP) was the recipient of a significant decrease in short interest during the month of 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 daily volume of 224,200 shares, the short-interest ratio is currently 4.6 days. Currently, 0.4% of the company’s shares are short sold.

Cheniere Energy Partners Trading Up 3.9 %

NYSE CQP traded up $2.46 during midday trading on Monday, hitting $66.40. 227,520 shares of the company traded hands, compared to its average volume of 170,955. Cheniere Energy Partners has a 52 week low of $45.51 and a 52 week high of $68.30. The firm has a 50-day simple moving average of $63.08. The stock has a market capitalization of $32.14 billion, a P/E ratio of 15.59 and a beta of 0.70.

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

Cheniere Energy Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were issued a $0.775 dividend. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 72.77%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new position in Cheniere Energy Partners in the fourth quarter worth $273,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Cheniere Energy Partners during the 4th quarter valued at $29,000. Montchanin Asset Management LLC boosted its position in shares of Cheniere Energy Partners by 2.6% in the 4th quarter. Montchanin Asset Management LLC now owns 20,015 shares of the company’s stock worth $1,063,000 after purchasing an additional 500 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Cheniere Energy Partners during the 4th quarter worth $347,000. Finally, McGowan Group Asset Management Inc. increased its position in Cheniere Energy Partners by 0.3% during the 4th quarter. McGowan Group Asset Management Inc. now owns 239,305 shares of the company’s stock valued at $12,712,000 after buying an additional 735 shares in the last quarter. Hedge funds and other institutional investors own 46.55% of the company’s stock.

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.