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

Cheniere Energy Partners (NYSE:CQP) saw a large decrease in short interest in 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. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 224,200 shares, the days-to-cover ratio is presently 4.6 days.

Cheniere Energy Partners Trading Up 3.0 %

CQP stock traded up $1.96 during trading on Tuesday, hitting $68.00. 212,826 shares of the stock traded hands, compared to its average volume of 171,522. The stock has a market capitalization of $32.92 billion, a PE ratio of 15.96 and a beta of 0.70. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $68.30. The stock has a 50 day simple moving average of $63.18.

Cheniere Energy Partners (NYSE:CQP) last issued its earnings results 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). Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.37 billion. As a group, equities research analysts anticipate that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were paid a dividend of $0.775 per share. 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 4.56%. The ex-dividend date was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio is 72.77%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. U.S. Capital Wealth Advisors LLC raised its position in shares of Cheniere Energy Partners by 48.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 20,148 shares of the company’s stock worth $1,070,000 after acquiring an additional 6,541 shares during the period. Blankinship & Foster LLC purchased a new stake in Cheniere Energy Partners in the 3rd quarter valued at about $424,000. Atria Wealth Solutions Inc. lifted its stake in Cheniere Energy Partners by 118.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 19,681 shares of the company’s stock worth $1,045,000 after purchasing an additional 10,683 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Cheniere Energy Partners by 21.9% in the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock valued at $37,264,000 after purchasing an additional 137,477 shares in the last quarter. Finally, Corps Capital Advisors LLC purchased a new position in Cheniere Energy Partners in the 4th quarter valued at approximately $499,000. 46.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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