Virtu Financial LLC purchased a new stake in shares of Cheniere Energy Partners LP (NYSEAMERICAN:CQP) in the third quarter, HoldingsChannel.com reports. The firm purchased 10,742 shares of the energy company’s stock, valued at approximately $489,000.
Other hedge funds have also recently bought and sold shares of the company. Howe & Rusling Inc. purchased a new stake in Cheniere Energy Partners during the third quarter valued at about $27,000. Coastal Capital Group Inc. acquired a new position in shares of Cheniere Energy Partners during the second quarter worth about $29,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of Cheniere Energy Partners by 241.0% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,023 shares of the energy company’s stock worth $45,000 after purchasing an additional 723 shares in the last quarter. Geneva Partners LLC acquired a new position in shares of Cheniere Energy Partners during the second quarter worth about $202,000. Finally, Wambolt & Associates LLC acquired a new position in shares of Cheniere Energy Partners during the second quarter worth about $216,000.
Shares of CQP opened at $38.56 on Tuesday. The stock’s 50-day moving average is $44.70 and its two-hundred day moving average is $43.38. Cheniere Energy Partners LP has a 12 month low of $34.66 and a 12 month high of $49.30.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its quarterly earnings results on Friday, November 1st. The energy company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.33). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.79 billion.
The firm also recently declared a dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a $0.62 dividend. This is a boost from Cheniere Energy Partners’s previous dividend of $0.43. The ex-dividend date of this dividend was Wednesday, November 6th.
CQP has been the topic of a number of recent research reports. Morgan Stanley restated an “equal weight” rating and set a $42.00 price objective on shares of Cheniere Energy Partners in a research note on Friday, September 20th. Barclays set a $46.00 price objective on Cheniere Energy Partners and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Raymond James cut Cheniere Energy Partners from a “market perform” rating to an “underperform” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein cut Cheniere Energy Partners from an “outperform” rating to a “market perform” rating and set a $38.00 price objective on the stock. in a research note on Tuesday, October 8th. Finally, Zacks Investment Research upgraded Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Cheniere Energy Partners currently has an average rating of “Hold” and a consensus target price of $42.63.
Cheniere Energy Partners Company Profile
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana 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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