Cheniere Energy Partners (NYSE:CQP) Short Interest Up 67.5% in January

Cheniere Energy Partners (NYSE:CQP) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,340,000 shares, a growth of 67.5% from the January 15th total of 799,800 shares. Based on an average daily trading volume, of 208,200 shares, the short-interest ratio is presently 6.4 days. Approximately 0.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CQP. Wells Fargo & Company increased their price target on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th. Barclays raised their target price on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CQP. JPMorgan Chase & Co. lifted its position in Cheniere Energy Partners by 21.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock valued at $37,264,000 after acquiring an additional 137,477 shares during the period. Invesco Ltd. lifted its position in Cheniere Energy Partners by 1.7% during the 4th quarter. Invesco Ltd. now owns 269,671 shares of the company’s stock valued at $14,325,000 after acquiring an additional 4,383 shares during the period. Miller Howard Investments Inc. NY lifted its position in Cheniere Energy Partners by 1.6% during the 4th quarter. Miller Howard Investments Inc. NY now owns 102,122 shares of the company’s stock valued at $5,425,000 after acquiring an additional 1,571 shares during the period. Mediolanum International Funds Ltd lifted its position in Cheniere Energy Partners by 59.4% during the 4th quarter. Mediolanum International Funds Ltd now owns 96,491 shares of the company’s stock valued at $5,126,000 after acquiring an additional 35,954 shares during the period. Finally, LPL Financial LLC lifted its position in Cheniere Energy Partners by 18.0% during the 4th quarter. LPL Financial LLC now owns 84,086 shares of the company’s stock valued at $4,467,000 after acquiring an additional 12,840 shares during the period. 46.55% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Partners Stock Down 1.1 %

Shares of NYSE:CQP traded down $0.71 on Friday, hitting $61.62. The company had a trading volume of 269,105 shares, compared to its average volume of 290,600. The stock’s 50-day moving average is $58.33. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $66.47. The company has a market cap of $29.83 billion, a price-to-earnings ratio of 13.31 and a beta of 0.76.

Cheniere Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were given a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 5.03%. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, February 10th. Cheniere Energy Partners’s dividend payout ratio (DPR) is currently 66.95%.

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.