Short Interest in Cheniere Energy Partners (NYSE:CQP) Drops By 6.9%

Cheniere Energy Partners (NYSE:CQP) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 748,400 shares, a decline of 6.9% from the November 30th total of 803,900 shares. Based on an average daily volume of 134,200 shares, the short-interest ratio is presently 5.6 days. Currently, 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Cheniere Energy Partners

Institutional investors have recently added to or reduced their stakes in the company. Millburn Ridgefield Corp acquired a new stake in Cheniere Energy Partners in the third quarter valued at $116,000. Larson Financial Group LLC bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at about $146,000. BIP Wealth LLC bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at about $244,000. Van ECK Associates Corp acquired a new stake in Cheniere Energy Partners in the 3rd quarter valued at about $416,000. Finally, Blankinship & Foster LLC bought a new position in Cheniere Energy Partners during the third quarter worth about $424,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Partners Stock Up 0.2 %

Shares of NYSE CQP traded up $0.12 during mid-day trading on Monday, hitting $53.61. The company had a trading volume of 134,270 shares, compared to its average volume of 161,517. The company has a 50-day moving average price of $53.34. The company has a market cap of $25.95 billion, a P/E ratio of 11.58 and a beta of 0.73. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $59.40.

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

Cheniere Energy Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were paid a $0.035 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.14 annualized dividend and a dividend yield of 0.26%. Cheniere Energy Partners’s dividend payout ratio is presently 66.95%.

Analysts Set New Price Targets

CQP has been the subject of a number of recent research reports. Wells Fargo & Company upped their price target on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th. Bank of America started coverage on shares of Cheniere Energy Partners in a report on Thursday, October 17th. They set an “underperform” rating and a $46.00 target price for the company.

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.