Cheniere Energy Partners LP (NYSEAMERICAN:CQP) major shareholder Cqp Common Holdco L. Blackstone bought 25,466 shares of Cheniere Energy Partners stock in a transaction dated Tuesday, December 26th. The shares were bought at an average cost of $28.61 per share, with a total value of $728,582.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Cheniere Energy Partners LP (NYSEAMERICAN:CQP) opened at $30.56 on Friday. Cheniere Energy Partners LP has a fifty-two week low of $26.41 and a fifty-two week high of $33.47. The company has a market cap of $14,790.00, a P/E ratio of 52.69 and a beta of 0.97.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($1.56). Cheniere Energy Partners had a net margin of 2.55% and a return on equity of 19.48%. The firm had revenue of $903.00 million during the quarter, compared to the consensus estimate of $1.14 billion.
A number of research analysts have recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Cheniere Energy Partners in a research report on Thursday, January 4th. They set a “hold” rating and a $30.00 target price for the company. Zacks Investment Research raised shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a report on Monday, January 8th. BidaskClub raised shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th. Royal Bank of Canada cut their price objective on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, October 16th. Finally, BMO Capital Markets assumed coverage on shares of Cheniere Energy Partners in a report on Monday, September 25th. They issued an “outperform” rating and a $32.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Cheniere Energy Partners has a consensus rating of “Hold” and a consensus target price of $33.63.
Large investors have recently made changes to their positions in the business. Allianz Asset Management GmbH bought a new position in Cheniere Energy Partners in the 3rd quarter valued at $331,000. First Allied Advisory Services Inc. boosted its holdings in Cheniere Energy Partners by 45.0% in the 3rd 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 period. California Public Employees Retirement System boosted its holdings in Cheniere Energy Partners by 18.1% in the 3rd 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 period. Jane Street Group LLC raised its position in shares of Cheniere Energy Partners by 7.7% during the 3rd quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock valued at $1,587,000 after buying an additional 3,953 shares in the last quarter. Finally, Blackstone Group L.P. raised its position in shares of Cheniere Energy Partners by 5,731.3% during the 3rd quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock valued at $5,834,629,000 after buying an additional 198,978,886 shares in the last quarter.
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About Cheniere Energy Partners
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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