Cheniere Energy Partners (NYSEAMERICAN:CQH) Price Target Raised to $23.00 at Morgan Stanley

Cheniere Energy Partners (NYSEAMERICAN:CQH) had its price objective upped by research analysts at Morgan Stanley from $22.00 to $23.00 in a research note issued to investors on Friday, November 17th. The brokerage presently has an “equal weight” rating on the energy company’s stock. Morgan Stanley’s price target would suggest a potential downside of 11.84% from the company’s previous close.

Separately, BidaskClub raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Friday, August 4th.

Cheniere Energy Partners (NYSEAMERICAN:CQH) traded down $0.18 on Friday, hitting $26.09. The stock had a trading volume of 195,799 shares, compared to its average volume of 113,010. Cheniere Energy Partners has a fifty-two week low of $21.25 and a fifty-two week high of $27.86.

Cheniere Energy Partners (NYSEAMERICAN:CQH) last issued its quarterly earnings data on Tuesday, November 14th. The energy company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). The company had revenue of $5.08 million during the quarter, compared to analysts’ expectations of $104.60 million.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of Cheniere Energy Partners in the third quarter valued at approximately $327,000. Cubist Systematic Strategies LLC purchased a new position in shares of Cheniere Energy Partners in the third quarter valued at approximately $205,000. California Public Employees Retirement System lifted its position in shares of Cheniere Energy Partners by 39.6% in the third quarter. California Public Employees Retirement System now owns 34,201 shares of the energy company’s stock valued at $858,000 after acquiring an additional 9,701 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Cheniere Energy Partners by 102.8% in the third quarter. GSA Capital Partners LLP now owns 16,443 shares of the energy company’s stock valued at $412,000 after acquiring an additional 8,337 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its position in shares of Cheniere Energy Partners by 152.3% in the third quarter. Susquehanna International Group LLP now owns 20,227 shares of the energy company’s stock valued at $507,000 after acquiring an additional 12,211 shares in the last quarter.

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About Cheniere Energy Partners

Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings) is a limited liability company. The Company’s business consists of owning and holding Cheniere Energy Patners, L.P. (Cheniere Partners) limited partner common units, Class B units and subordinated units (collectively, the Cheniere Partners units), along with cash or other property that it receives as distributions in respect of such units.

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