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

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

Analyst Ratings Changes

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

Cheniere Energy Partners Stock Down 1.7 %

Shares of CQP traded down $1.09 during midday trading on Wednesday, reaching $61.35. The stock had a trading volume of 85,544 shares, compared to its average volume of 267,934. The firm has a market cap of $29.70 billion, a P/E ratio of 13.26 and a beta of 0.76. The firm has a 50 day moving average of $58.41. Cheniere Energy Partners has a 52 week low of $45.51 and a 52 week high of $66.47.

Cheniere Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were given a $0.775 dividend. This is a positive change from Cheniere Energy Partners's previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.10 annualized dividend and a yield of 5.05%. Cheniere Energy Partners's payout ratio is 66.95%.

Hedge Funds Weigh In On Cheniere Energy Partners

A number of hedge funds have recently modified their holdings of CQP. Van ECK Associates Corp purchased a new position in Cheniere Energy Partners during the 3rd quarter worth approximately $416,000. Empowered Funds LLC raised its position in Cheniere Energy Partners by 3.4% during the third quarter. Empowered Funds LLC now owns 31,514 shares of the company's stock valued at $1,535,000 after buying an additional 1,043 shares during the period. BIP Wealth LLC purchased a new stake in Cheniere Energy Partners in the 3rd quarter worth about $244,000. Larson Financial Group LLC purchased a new stake in shares of Cheniere Energy Partners in the third quarter worth approximately $146,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at approximately $866,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

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.