Municipal Employees Retirement System of Michigan Invests $6.47 Million in Cheniere Energy Partners LP (CQP)

Municipal Employees Retirement System of Michigan purchased a new stake in shares of Cheniere Energy Partners LP (NYSEAMERICAN:CQP) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 179,250 shares of the energy company’s stock, valued at approximately $6,471,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CQP. Flagship Harbor Advisors LLC raised its stake in shares of Cheniere Energy Partners by 133.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 700 shares of the energy company’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Cheniere Energy Partners by 264.2% during the fourth quarter. Bessemer Group Inc. now owns 1,158 shares of the energy company’s stock valued at $42,000 after purchasing an additional 840 shares in the last quarter. Capital Investment Advisory Services LLC bought a new stake in shares of Cheniere Energy Partners during the fourth quarter valued at about $49,000. We Are One Seven LLC bought a new stake in shares of Cheniere Energy Partners during the fourth quarter valued at about $90,000. Finally, Captrust Financial Advisors bought a new stake in shares of Cheniere Energy Partners during the third quarter valued at about $182,000.

Shares of Cheniere Energy Partners stock opened at $42.83 on Wednesday. Cheniere Energy Partners LP has a 52 week low of $27.79 and a 52 week high of $45.27.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its quarterly earnings results on Tuesday, February 26th. The energy company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.59 by $0.10.

A number of equities research analysts recently weighed in on CQP shares. Citigroup set a $41.00 price objective on shares of Cheniere Energy Partners and gave the company a “buy” rating in a research note on Thursday, November 29th. UBS Group started coverage on shares of Cheniere Energy Partners in a research note on Thursday, January 3rd. They set a “neutral” rating and a $38.00 price objective on the stock. Scotiabank started coverage on shares of Cheniere Energy Partners in a research note on Friday, February 8th. They set a “sector perform” rating on the stock. JPMorgan Chase & Co. cut shares of Cheniere Energy Partners from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $40.00 to $44.00 in a research note on Friday, February 22nd. Finally, Evercore ISI started coverage on shares of Cheniere Energy Partners in a research note on Tuesday, March 12th. They set an “in-line” rating and a $40.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $40.00.

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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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Institutional Ownership by Quarter for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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