Cheniere Energy Partners (NYSEAMERICAN:CQH) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 515,642 shares, a drop of 6.0% from the April 13th total of 548,752 shares. Based on an average daily volume of 73,277 shares, the short-interest ratio is currently 7.0 days. Approximately 2.9% of the shares of the stock are sold short.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mobius Capital Management LLC purchased a new position in shares of Cheniere Energy Partners in the first quarter worth about $1,326,000. Victory Capital Management Inc. increased its holdings in shares of Cheniere Energy Partners by 382.7% in the first quarter. Victory Capital Management Inc. now owns 454,499 shares of the energy company’s stock worth $12,549,000 after buying an additional 360,342 shares during the period. Kayne Anderson Capital Advisors LP increased its holdings in shares of Cheniere Energy Partners by 50.3% in the first quarter. Kayne Anderson Capital Advisors LP now owns 1,111,210 shares of the energy company’s stock worth $30,676,000 after buying an additional 372,056 shares during the period. Zimmer Partners LP increased its holdings in shares of Cheniere Energy Partners by 4.5% in the fourth quarter. Zimmer Partners LP now owns 14,298,227 shares of the energy company’s stock worth $395,918,000 after buying an additional 621,253 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of Cheniere Energy Partners by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 159,450 shares of the energy company’s stock worth $4,415,000 after buying an additional 18,500 shares during the period.
Cheniere Energy Partners opened at $28.11 on Friday, according to MarketBeat. Cheniere Energy Partners has a 12 month low of $28.05 and a 12 month high of $28.38.
Cheniere Energy Partners (NYSEAMERICAN:CQH) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.02). The company had revenue of $105.54 million during the quarter, compared to analysts’ expectations of $119.95 million. Cheniere Energy Partners had a return on equity of 150,656.80% and a net margin of 99.47%.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Monday, May 21st will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, May 18th. This represents a $2.24 annualized dividend and a dividend yield of 7.97%. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.51.
A number of equities research analysts have weighed in on the company. Barclays set a $32.00 price target on Cheniere Energy Partners and gave the company a “hold” rating in a research report on Monday, February 12th. Morgan Stanley raised their price target on Cheniere Energy Partners from $23.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Zacks Investment Research upgraded Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Citigroup raised their price target on Cheniere Energy Partners from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, March 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.83.
Cheniere Energy Partners Company Profile
Cheniere Energy Partners LP Holdings, LLC, through its interest in Cheniere Energy Partners, L.P., develops, constructs, owns, and operates liquefied natural gas (LNG) regasification facilities at the Sabine Pass LNG terminal located on the Sabine-Neches Waterway. It also owns a 94-mile pipeline, which interconnects the Sabine Pass LNG terminal with various interstate pipelines.
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