Cheniere Energy Partners (NYSE:CQP) Short Interest Update

Cheniere Energy Partners (NYSE:CQP - Get Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 898,700 shares, a drop of 12.7% from the April 30th total of 1,030,000 shares. Based on an average daily volume of 162,000 shares, the short-interest ratio is currently 5.5 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Cheniere Energy Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in CQP. Vermillion Wealth Management Inc. acquired a new position in shares of Cheniere Energy Partners during the 4th quarter worth about $29,000. Farther Finance Advisors LLC bought a new position in shares of Cheniere Energy Partners during the 1st quarter worth about $34,000. Montag A & Associates Inc. acquired a new stake in Cheniere Energy Partners during the first quarter valued at approximately $53,000. SVB Wealth LLC acquired a new stake in Cheniere Energy Partners in the 1st quarter valued at $69,000. Finally, IFP Advisors Inc boosted its stake in shares of Cheniere Energy Partners by 53.7% in the 4th quarter. IFP Advisors Inc now owns 1,825 shares of the company's stock valued at $97,000 after purchasing an additional 638 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Bank of America raised their target price on Cheniere Energy Partners from $49.00 to $50.00 and gave the company an "underperform" rating in a research note on Tuesday, April 29th. Stifel Nicolaus cut Cheniere Energy Partners from a "hold" rating to a "sell" rating and lifted their price target for the company from $50.00 to $51.00 in a research report on Friday, February 21st. JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy Partners from $56.00 to $58.00 and gave the stock an "underweight" rating in a report on Monday, April 28th. Finally, Barclays upped their target price on Cheniere Energy Partners from $54.00 to $56.00 and gave the company an "underweight" rating in a report on Wednesday. Five investment analysts have rated the stock with a sell rating, Based on data from MarketBeat.com, Cheniere Energy Partners has a consensus rating of "Reduce" and an average target price of $54.00.

Cheniere Energy Partners Stock Down 0.4%

Shares of CQP traded down $0.24 during trading hours on Friday, reaching $58.66. The company's stock had a trading volume of 59,463 shares, compared to its average volume of 164,017. The company has a 50 day moving average of $59.16 and a two-hundred day moving average of $59.56. Cheniere Energy Partners has a 1-year low of $46.73 and a 1-year high of $68.42. The firm has a market cap of $28.39 billion, a price-to-earnings ratio of 13.77 and a beta of 0.45.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.02. Cheniere Energy Partners had a negative return on equity of 325.95% and a net margin of 28.84%. The business's revenue was up 30.2% on a year-over-year basis. During the same period last year, the company posted $1.18 EPS. As a group, analysts forecast that Cheniere Energy Partners will post 4.14 EPS for the current fiscal year.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, May 9th were issued a dividend of $0.82 per share. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy Partners's dividend payout ratio (DPR) is 74.52%.

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.