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

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

Institutional Investors Weigh In On Cheniere Energy Partners

A number of institutional investors and hedge funds have recently bought and sold shares of CQP. Blankinship & Foster LLC purchased a new position in Cheniere Energy Partners during the 3rd quarter valued at about $424,000. M&T Bank Corp bought a new position in Cheniere Energy Partners in the third quarter worth approximately $587,000. Montchanin Asset Management LLC lifted 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 buying an additional 500 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in Cheniere Energy Partners during the 3rd quarter valued at $1,286,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of Cheniere Energy Partners in the 3rd quarter valued at $116,000. 46.55% of the stock is owned by institutional investors.

Cheniere Energy Partners Trading Up 2.1 %

Shares of CQP traded up $1.21 during trading hours on Friday, reaching $58.25. 167,899 shares of the company traded hands, compared to its average volume of 162,435. 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 12-month low of $45.51 and a 12-month high of $62.34.

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

Cheniere Energy Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.14 annualized dividend and a yield of 0.24%. Cheniere Energy Partners’s payout ratio is currently 66.95%.

Wall Street Analysts Forecast Growth

Separately, Bank of America assumed coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They set an “underperform” rating and a $46.00 price objective 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.