Cheniere Energy Partners LP (NYSE:CQP)‘s stock had its “overweight” rating restated by stock analysts at Barclays PLC in a research note issued on Wednesday. They currently have a $34.00 target price on the stock, up from their previous target price of $32.00. Barclays PLC’s target price points to a potential upside of 5.49% from the stock’s previous close.
Several other equities research analysts also recently weighed in on CQP. Guggenheim began coverage on Cheniere Energy Partners in a research report on Monday. They issued a “neutral” rating and a $36.00 target price for the company. Zacks Investment Research downgraded Cheniere Energy Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, TheStreet raised Cheniere Energy Partners from a “c” rating to a “b-” rating in a research report on Monday, March 20th.
Cheniere Energy Partners (NYSE:CQP) opened at 32.23 on Wednesday. Cheniere Energy Partners has a one year low of $25.87 and a one year high of $33.47. The stock’s market capitalization is $10.89 billion. The company’s 50-day moving average price is $31.87 and its 200-day moving average price is $29.83.
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In related news, CFO Michael J. Wortley sold 5,000 shares of the stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $32.11, for a total value of $160,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. acquired a new position in shares of Cheniere Energy Partners during the third quarter worth approximately $146,000. Advisor Group Inc. increased its position in shares of Cheniere Energy Partners by 0.4% in the third quarter. Advisor Group Inc. now owns 7,695 shares of the company’s stock worth $225,000 after buying an additional 30 shares in the last quarter. Virtus ETF Advisers LLC increased its position in shares of Cheniere Energy Partners by 50.5% in the third quarter. Virtus ETF Advisers LLC now owns 17,587 shares of the company’s stock worth $515,000 after buying an additional 5,902 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Cheniere Energy Partners during the third quarter worth approximately $600,000. Finally, Commonwealth Equity Services Inc increased its position in shares of Cheniere Energy Partners by 6.2% in the third quarter. Commonwealth Equity Services Inc now owns 27,653 shares of the company’s stock worth $809,000 after buying an additional 1,607 shares in the last quarter.
Cheniere Energy Partners Company Profile
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
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