Cheniere Energy Partners LP (NYSEAMERICAN:CQP) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,334,796 shares, a drop of 1.7% from the January 15th total of 3,393,117 shares. Approximately 7.9% of the company’s shares are sold short. Based on an average trading volume of 213,210 shares, the days-to-cover ratio is currently 15.6 days.
Several equities research analysts have recently issued reports on CQP shares. UBS Group started coverage on shares of Cheniere Energy Partners in a report on Thursday, January 3rd. They issued a “neutral” rating and a $38.00 target price for the company. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Friday, November 2nd. Scotiabank started coverage on shares of Cheniere Energy Partners in a report on Friday. They issued a “sector perform” rating for the company. Finally, Citigroup set a $41.00 target price on shares of Cheniere Energy Partners and gave the stock a “buy” rating in a report on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.60.
A number of institutional investors and hedge funds have recently made changes to their positions in CQP. Renaissance Technologies LLC bought a new stake in Cheniere Energy Partners during the 2nd quarter valued at about $2,797,000. Northern Trust Corp lifted its holdings in Cheniere Energy Partners by 16.8% during the 2nd quarter. Northern Trust Corp now owns 195,620 shares of the energy company’s stock valued at $7,033,000 after buying an additional 28,132 shares in the last quarter. Winslow Evans & Crocker Inc. bought a new stake in Cheniere Energy Partners during the 3rd quarter valued at about $108,000. Duff & Phelps Investment Management Co. lifted its holdings in Cheniere Energy Partners by 185.0% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 969,015 shares of the energy company’s stock valued at $38,237,000 after buying an additional 629,015 shares in the last quarter. Finally, IFP Advisors Inc bought a new stake in Cheniere Energy Partners during the 3rd quarter valued at about $100,000.
Cheniere Energy Partners stock opened at $42.16 on Tuesday. Cheniere Energy Partners has a 12-month low of $27.79 and a 12-month high of $42.50.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Wednesday, February 6th will be issued a dividend of $0.59 per share. This is a positive change from Cheniere Energy Partners’s previous quarterly dividend of $0.58. The ex-dividend date is Tuesday, February 5th. This represents a $2.36 dividend on an annualized basis and a yield of 5.60%.
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About Cheniere Energy Partners
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.
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