Cheniere Energy Partners LP (NYSEAMERICAN:CQP) Major Shareholder Purchases $3,250,757.31 in Stock

Cheniere Energy Partners LP (NYSEAMERICAN:CQP) major shareholder Group L.P. Blackstone purchased 116,223 shares of Cheniere Energy Partners stock in a transaction on Friday, December 22nd. The shares were acquired at an average price of $27.97 per share, for a total transaction of $3,250,757.31. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Group L.P. Blackstone also recently made the following trade(s):

  • On Friday, December 29th, Group L.P. Blackstone purchased 459,823 shares of Cheniere Energy Partners stock. The shares were acquired at an average price of $29.56 per share, for a total transaction of $13,592,367.88.

Shares of Cheniere Energy Partners LP (NYSEAMERICAN CQP) opened at $30.56 on Friday. Cheniere Energy Partners LP has a 52 week low of $26.41 and a 52 week high of $33.47. The company has a market capitalization of $14,790.00, a price-to-earnings 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 analysts’ consensus estimates of $0.46 by ($1.56). Cheniere Energy Partners had a return on equity of 19.48% and a net margin of 2.55%. The business had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $1.14 billion.

Several research analysts have recently issued reports on CQP shares. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a report on Monday, January 8th. Stifel Nicolaus started coverage on shares of Cheniere Energy Partners in a report on Thursday, January 4th. They issued a “hold” rating and a $30.00 target price on the stock. BMO Capital Markets started coverage on shares of Cheniere Energy Partners in a report on Monday, September 25th. They issued an “outperform” rating and a $32.00 target price on the stock. Royal Bank of Canada cut their target price on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating on the stock in a report on Monday, October 16th. Finally, BidaskClub upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.63.

A number of hedge funds have recently made changes to their positions in the stock. Blackstone Group L.P. lifted its position in Cheniere Energy Partners by 5,731.3% during the third 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 during the period. Jane Street Group LLC lifted its position in Cheniere Energy Partners by 7.7% during the third 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 during the period. California Public Employees Retirement System lifted its position in Cheniere Energy Partners by 18.1% during the third quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock valued at $1,116,000 after buying an additional 5,934 shares during the period. First Allied Advisory Services Inc. lifted its position in Cheniere Energy Partners by 45.0% during the third quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock valued at $759,000 after buying an additional 8,160 shares during the period. Finally, Allianz Asset Management GmbH purchased a new position in Cheniere Energy Partners during the third quarter valued at $331,000.

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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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