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

Cheniere Energy Partners (NYSE:CQP) was the recipient of a large growth in short interest during 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. Currently, 0.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On Cheniere Energy Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. Valley National Advisers Inc. boosted its position in Cheniere Energy Partners by 30.1% during the 4th quarter. Valley National Advisers Inc. now owns 1,341 shares of the company’s stock valued at $71,000 after buying an additional 310 shares during the period. IFP Advisors Inc boosted its position in Cheniere Energy Partners by 53.7% during the 4th quarter. IFP Advisors Inc now owns 1,825 shares of the company’s stock valued at $97,000 after buying an additional 638 shares during the period. Millburn Ridgefield Corp purchased a new stake in Cheniere Energy Partners during the 3rd quarter valued at $116,000. Geneos Wealth Management Inc. boosted its position in Cheniere Energy Partners by 64.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock valued at $135,000 after buying an additional 1,000 shares during the period. Finally, Larson Financial Group LLC purchased a new stake in Cheniere Energy Partners during the 3rd quarter valued at $146,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Down 1.1 %

Shares of CQP stock traded down $0.71 on Friday, hitting $61.62. 269,105 shares of the company’s stock traded hands, compared to its average volume of 290,600. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $66.47. The firm’s fifty day moving average is $58.33. The stock has a market cap of $29.83 billion, a PE ratio of 13.31 and a beta of 0.76.

Cheniere Energy Partners Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a report on Wednesday, December 18th. Barclays increased their target price on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, January 16th.

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.