Cheniere Energy Partners LP (NYSEAMERICAN:CQP) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,295,479 shares, an increase of 32.1% from the February 15th total of 1,737,726 shares. Based on an average trading volume of 188,535 shares, the days-to-cover ratio is currently 12.2 days. Currently, 6.4% of the shares of the stock are sold short.
Several analysts have weighed in on CQP shares. Zacks Investment Research raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Morgan Stanley upped their price objective on shares of Cheniere Energy Partners from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, February 12th. Stifel Nicolaus started coverage on shares of Cheniere Energy Partners in a research note on Thursday, January 4th. They set a “hold” rating and a $30.00 price objective on the stock. Finally, Barclays set a $35.00 price objective on shares of Cheniere Energy Partners and gave the stock a “hold” rating in a research note on Monday, February 12th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $34.00.
Shares of Cheniere Energy Partners (CQP) opened at $30.54 on Friday. The firm has a market cap of $14,530.00, a PE ratio of 31.48 and a beta of 0.89. Cheniere Energy Partners has a 52 week low of $26.41 and a 52 week high of $33.47.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Friday, February 2nd were paid a dividend of $0.50 per share. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.44. This represents a $2.00 annualized dividend and a dividend yield of 6.55%. The ex-dividend date of this dividend was Thursday, February 1st. Cheniere Energy Partners’s dividend payout ratio is 206.19%.
In other Cheniere Energy Partners news, major shareholder Gso Holdings I. Llc bought 228,535 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were acquired at an average price of $29.63 per share, with a total value of $6,771,492.05. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Group L.P. Blackstone acquired 116,223 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were purchased at an average cost of $27.97 per share, for a total transaction of $3,250,757.31. The disclosure for this purchase can be found here. In the last three months, insiders purchased 838,701 shares of company stock worth $24,581,185.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CQP. Allianz Asset Management GmbH bought a new stake in shares of Cheniere Energy Partners during the third quarter valued at approximately $331,000. First Allied Advisory Services Inc. grew its stake in shares of Cheniere Energy Partners by 45.0% during the third quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock valued at $759,000 after purchasing an additional 8,160 shares during the last quarter. Blackstone Group L.P. grew its stake in shares of Cheniere Energy Partners by 5,731.3% during the third quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock valued at $5,834,629,000 after purchasing an additional 198,978,886 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Cheniere Energy Partners by 7.7% during the third quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock valued at $1,587,000 after purchasing an additional 3,953 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Cheniere Energy Partners by 18.1% during the third quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock valued at $1,116,000 after purchasing an additional 5,934 shares during the last quarter.
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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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