Raymond James & Associates decreased its position in shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) by 13.6% during the 4th quarter, HoldingsChannel reports. The firm owned 47,235 shares of the energy company’s stock after selling 7,435 shares during the quarter. Raymond James & Associates’ holdings in Cheniere Energy Partners were worth $1,400,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Cheniere Energy Partners in the fourth quarter valued at $224,000. Koch Industries Inc. bought a new position in shares of Cheniere Energy Partners in the fourth quarter valued at $227,000. Allianz Asset Management GmbH bought a new position in shares of Cheniere Energy Partners in the third quarter valued at $331,000. Advisor Group Inc. increased its holdings in shares of Cheniere Energy Partners by 53.3% in the fourth quarter. Advisor Group Inc. now owns 13,152 shares of the energy company’s stock valued at $390,000 after buying an additional 4,572 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of Cheniere Energy Partners by 13.0% in the fourth quarter. Alps Advisors Inc. now owns 18,596 shares of the energy company’s stock valued at $551,000 after buying an additional 2,141 shares in the last quarter.
NYSEAMERICAN CQP opened at $30.25 on Tuesday. Cheniere Energy Partners has a twelve month low of $26.41 and a twelve month high of $33.47.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.37. Cheniere Energy Partners had a net margin of 24.64% and a return on equity of 266.18%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.31 billion.
Several research analysts have issued reports on CQP shares. Stifel Nicolaus started coverage on Cheniere Energy Partners in a report on Thursday, January 4th. They issued a “hold” rating and a $30.00 price target on the stock. Zacks Investment Research raised Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a report on Monday, January 8th. Morgan Stanley upped their price target on Cheniere Energy Partners from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. Barclays set a $35.00 price target on Cheniere Energy Partners and gave the company a “hold” rating in a report on Monday, February 12th. Finally, TheStreet raised Cheniere Energy Partners from a “c” rating to a “b” rating in a report on Monday, March 19th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.56.
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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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