Cheniere Energy Partners, L.P. (NYSE:CQP) Short Interest Down 18.1% in April

Cheniere Energy Partners, L.P. (NYSE:CQP) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 531,405 shares, a drop of 18.1% from the March 31st total of 649,091 shares. Based on an average trading volume of 77,477 shares, the days-to-cover ratio is presently 6.9 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CQP. Alps Advisors Inc. lifted its position in shares of Cheniere Energy Partners by 3.7% during the 4th quarter. Alps Advisors Inc. now owns 9,338,942 shares of the company’s stock valued at $499,447,000 after buying an additional 336,946 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its position in shares of Cheniere Energy Partners by 37.6% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 1,092,866 shares of the company’s stock valued at $58,446,000 after purchasing an additional 298,566 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Cheniere Energy Partners by 52,982.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 252,673 shares of the company’s stock valued at $13,513,000 after purchasing an additional 252,197 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of Cheniere Energy Partners in the third quarter valued at approximately $7,357,000. Finally, CIBC Private Wealth Group LLC bought a new position in Cheniere Energy Partners in the 3rd quarter worth approximately $7,304,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup raised their price objective on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock a “sell” rating in a research report on Thursday, April 2nd. Bank of America boosted their price objective on Cheniere Energy Partners from $51.00 to $57.00 and gave the company an “underperform” rating in a report on Friday, March 20th. Morgan Stanley boosted their price objective on Cheniere Energy Partners from $55.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday, March 23rd. JPMorgan Chase & Co. lifted their target price on Cheniere Energy Partners from $57.00 to $63.00 and gave the company an “underweight” rating in a research report on Friday, March 27th. Finally, Wells Fargo & Company cut their target price on Cheniere Energy Partners from $56.00 to $54.00 and set an “underweight” rating on the stock in a research report on Friday, March 13th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Cheniere Energy Partners currently has an average rating of “Reduce” and an average target price of $60.43.

Cheniere Energy Partners Stock Performance

CQP stock traded down $0.25 during midday trading on Friday, hitting $66.78. The company’s stock had a trading volume of 70,384 shares, compared to its average volume of 83,199. The stock’s 50-day moving average price is $63.70 and its 200 day moving average price is $57.60. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 34.21. Cheniere Energy Partners has a 1 year low of $49.53 and a 1 year high of $70.64. The stock has a market cap of $32.32 billion, a price-to-earnings ratio of 12.92 and a beta of 0.36.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $1.11 by $1.27. Cheniere Energy Partners had a negative return on equity of 1,446.48% and a net margin of 27.76%.The business had revenue of $2.91 billion for the quarter. During the same period in the prior year, the firm posted $1.05 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, equities analysts forecast that Cheniere Energy Partners will post 4.13 EPS for the current year.

Cheniere Energy Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 8th will be given a $0.775 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.10 annualized dividend and a yield of 4.6%. Cheniere Energy Partners’s payout ratio is currently 59.96%.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.