Cheniere Energy Partners LP (NYSEAMERICAN:CQP) major shareholder Gso Holdings I. Llc purchased 236,157 shares of Cheniere Energy Partners stock in a transaction dated Thursday, March 19th. The stock was bought at an average price of $20.33 per share, with a total value of $4,801,071.81. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Cheniere Energy Partners stock opened at $24.07 on Thursday. Cheniere Energy Partners LP has a 52 week low of $17.75 and a 52 week high of $49.30. The business’s 50-day simple moving average is $44.70.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last posted its earnings results on Tuesday, February 25th. The energy company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.18. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.85 billion.
A number of institutional investors have recently bought and sold shares of CQP. Stifel Financial Corp boosted its holdings in shares of Cheniere Energy Partners by 5.6% in the 3rd quarter. Stifel Financial Corp now owns 11,266 shares of the energy company’s stock worth $513,000 after purchasing an additional 601 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at about $705,000. Securian Asset Management Inc lifted its stake in shares of Cheniere Energy Partners by 97.0% in the 4th quarter. Securian Asset Management Inc now owns 45,487 shares of the energy company’s stock valued at $1,811,000 after acquiring an additional 22,400 shares during the last quarter. Full Sail Capital LLC bought a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at about $214,000. Finally, Highstreet Asset Management Inc. bought a new stake in shares of Cheniere Energy Partners in the 4th quarter valued at about $284,000.
Several equities analysts have recently weighed in on the company. US Capital Advisors upgraded Cheniere Energy Partners from an “underweight” rating to a “hold” rating in a research report on Tuesday, January 7th. Barclays upgraded Cheniere Energy Partners from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Tuesday. UBS Group upgraded Cheniere Energy Partners from a “neutral” rating to a “buy” rating and set a $41.50 price target for the company in a research report on Wednesday, March 4th. Credit Suisse Group upgraded Cheniere Energy Partners from an “underperform” rating to a “neutral” rating and set a $31.00 price target for the company in a research report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. reduced their price target on Cheniere Energy Partners from $89.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Cheniere Energy Partners presently has an average rating of “Hold” and an average price target of $44.72.
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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