Cheniere Energy Partners LP (CQP) Short Interest Update
Cheniere Energy Partners LP (NYSE:CQP) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,069,773 shares, a growth of 1.8% from the October 14th total of 2,032,543 shares. Currently, 5.2% of the company’s shares are short sold. Based on an average trading volume of 168,761 shares, the short-interest ratio is currently 12.3 days.
A number of large investors have recently modified their holdings of CQP. Sei Investments Co. acquired a new stake in shares of Cheniere Energy Partners during the third quarter worth approximately $146,000. KCG Holdings Inc. boosted its stake in shares of Cheniere Energy Partners by 3.1% in the third quarter. KCG Holdings Inc. now owns 7,615 shares of the company’s stock worth $223,000 after buying an additional 226 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Cheniere Energy Partners by 0.4% in the third quarter. Advisor Group Inc. now owns 7,695 shares of the company’s stock worth $225,000 after buying an additional 30 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Cheniere Energy Partners during the third quarter worth approximately $280,000. Finally, Global X Management Co. LLC boosted its stake in shares of Cheniere Energy Partners by 7.5% in the third quarter. Global X Management Co. LLC now owns 11,268 shares of the company’s stock worth $330,000 after buying an additional 785 shares during the last quarter.
CQP has been the topic of a number of research analyst reports. US Capital Advisors raised shares of Cheniere Energy Partners to a “buy” rating in a research note on Thursday, September 8th. Credit Suisse Group AG initiated coverage on shares of Cheniere Energy Partners in a research note on Wednesday, October 12th. They issued an “outperform” rating and a $35.00 price target on the stock. Finally, Barclays PLC reissued an “overweight” rating and issued a $32.00 price target (down from $36.00) on shares of Cheniere Energy Partners in a research note on Tuesday, September 6th.
Shares of Cheniere Energy Partners (NYSE:CQP) opened at 28.00 on Thursday. Cheniere Energy Partners has a 1-year low of $19.22 and a 1-year high of $31.49. The stock’s market capitalization is $9.46 billion. The stock has a 50 day moving average of $28.18 and a 200-day moving average of $28.35.
Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Thursday, November 3rd. The company reported ($0.27) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.18. During the same quarter in the previous year, the business earned $0.18 EPS. Equities research analysts predict that Cheniere Energy Partners will post $0.13 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 11th. Investors of record on Tuesday, November 1st were paid a $0.425 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $1.70 dividend on an annualized basis and a yield of 6.07%.
Cheniere Energy Partners Company Profile
Cheniere Energy Partners, L.P. is a limited partnership formed by Cheniere Energy, Inc The Company operates in LNG terminal business segment. Through its subsidiary, Sabine Pass LNG, L.P. (SPLNG), the Company owns and operates the regasification facilities at the Sabine Pass LNG terminal located on the Sabine-Neches Waterway approximately four miles from the Gulf Coast.
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