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

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp bought a new stake in Cheniere Energy Partners in the 3rd quarter valued at $416,000. Larson Financial Group LLC acquired a new position in Cheniere Energy Partners in the 3rd quarter valued at about $146,000. BIP Wealth LLC bought a new position in Cheniere Energy Partners in the 3rd quarter valued at about $244,000. Empowered Funds LLC raised its holdings in Cheniere Energy Partners by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock valued at $1,535,000 after acquiring an additional 1,043 shares during the period. Finally, M&T Bank Corp acquired a new stake in Cheniere Energy Partners during the third quarter worth approximately $587,000. 46.55% of the stock is currently owned by institutional investors.

Cheniere Energy Partners Stock Performance

Shares of CQP opened at $58.25 on Monday. The firm has a market cap of $28.20 billion, a P/E ratio of 12.58 and a beta of 0.67. Cheniere Energy Partners has a 1-year low of $45.51 and a 1-year 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 for the quarter, missing the consensus estimate of $0.92 by ($0.08). Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts predict that Cheniere Energy Partners will post 4.29 earnings per share for the current year.

Cheniere Energy Partners Announces Dividend

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

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.