Barclays PLC lifted its holdings in shares of Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP – Get Rating) by 8.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 296,591 shares of the energy company’s stock after buying an additional 22,201 shares during the period. Barclays PLC owned 0.06% of Cheniere Energy Partners worth $15,826,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Clearbridge Investments LLC grew its position in Cheniere Energy Partners by 5.3% in the 2nd quarter. Clearbridge Investments LLC now owns 999,627 shares of the energy company’s stock worth $44,853,000 after purchasing an additional 49,900 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Cheniere Energy Partners by 1.8% during the second quarter. JPMorgan Chase & Co. now owns 926,881 shares of the energy company’s stock valued at $41,589,000 after acquiring an additional 16,788 shares during the period. UBS Group AG raised its holdings in shares of Cheniere Energy Partners by 5.1% during the first quarter. UBS Group AG now owns 443,849 shares of the energy company’s stock valued at $25,015,000 after acquiring an additional 21,647 shares during the period. Fractal Investments LLC raised its holdings in shares of Cheniere Energy Partners by 13.4% during the third quarter. Fractal Investments LLC now owns 238,766 shares of the energy company’s stock valued at $12,741,000 after acquiring an additional 28,267 shares during the period. Finally, Spirit of America Management Corp NY raised its holdings in shares of Cheniere Energy Partners by 4.9% during the second quarter. Spirit of America Management Corp NY now owns 233,669 shares of the energy company’s stock valued at $10,484,000 after acquiring an additional 11,000 shares during the period. Institutional investors own 46.45% of the company’s stock.
Analyst Upgrades and Downgrades
CQP has been the topic of several research reports. Citigroup dropped their price objective on shares of Cheniere Energy Partners from $47.00 to $44.00 and set a “sell” rating on the stock in a research note on Monday, January 9th. Barclays upped their price objective on shares of Cheniere Energy Partners from $48.00 to $51.00 and gave the stock an “underweight” rating in a report on Wednesday, October 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy Partners has an average rating of “Hold” and an average price target of $52.25.
Cheniere Energy Partners Stock Down 2.1 %
Cheniere Energy Partners (NYSEAMERICAN:CQP – Get Rating) last announced its earnings results on Thursday, November 3rd. The energy company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.36). The business had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.56 billion. Cheniere Energy Partners had a negative return on equity of 108.35% and a net margin of 3.13%. As a group, equities research analysts predict that Cheniere Energy Partners, L.P. will post 5.23 EPS for the current fiscal year.
Cheniere Energy Partners Profile
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates natural gas liquefaction and export facility at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana. The company's regasification facilities include five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels with capacity of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day.
- Get a free copy of the StockNews.com research report on Cheniere Energy Partners (CQP)
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