Cheniere Energy Partners LP (NYSEAMERICAN:CQP) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 1,444,786 shares, an increase of 15.9% from the November 15th total of 1,246,367 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 281,742 shares, the short-interest ratio is presently 5.1 days.
Cheniere Energy Partners (NYSEAMERICAN:CQP) traded up $0.37 during midday trading on Monday, hitting $28.34. 382,370 shares of the stock traded hands, compared to its average volume of 229,677. Cheniere Energy Partners has a one year low of $26.41 and a one year high of $33.47.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last posted its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($1.56). The business had revenue of $903.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Cheniere Energy Partners had a net margin of 2.55% and a return on equity of 19.48%.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Friday, November 3rd were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend was Thursday, November 2nd. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.43. Cheniere Energy Partners’s dividend payout ratio is 303.45%.
A number of institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System increased its holdings in Cheniere Energy Partners by 18.1% during the 3rd quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock worth $1,116,000 after acquiring an additional 5,934 shares during the period. Jane Street Group LLC increased its holdings in Cheniere Energy Partners by 7.7% during the 3rd quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock worth $1,587,000 after acquiring an additional 3,953 shares during the period. Blackstone Group L.P. increased its holdings in Cheniere Energy Partners by 5,731.3% during the 3rd quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock worth $5,834,629,000 after acquiring an additional 198,978,886 shares during the period. First Allied Advisory Services Inc. increased its holdings in Cheniere Energy Partners by 45.0% during the 3rd quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock worth $759,000 after acquiring an additional 8,160 shares during the period. Finally, Allianz Asset Management GmbH bought a new stake in Cheniere Energy Partners during the 3rd quarter worth approximately $331,000.
Several analysts have recently issued reports on CQP shares. BidaskClub raised shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. Royal Bank of Canada lowered their price target on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating on the stock in a research report on Monday, October 16th. Zacks Investment Research lowered shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, September 18th. Finally, BMO Capital Markets started coverage on shares of Cheniere Energy Partners in a research report on Monday, September 25th. They issued an “outperform” rating and a $32.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Cheniere Energy Partners has a consensus rating of “Hold” and an average price target of $34.25.
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Cheniere Energy Partners Company Profile
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
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