LPL Financial LLC boosted its holdings in Cheniere Energy Partners LP (NYSEAMERICAN:CQP) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,186 shares of the energy company’s stock after buying an additional 345 shares during the period. LPL Financial LLC’s holdings in Cheniere Energy Partners were worth $296,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Russell Investments Group Ltd. acquired a new position in shares of Cheniere Energy Partners in the 3rd quarter worth approximately $509,000. Wells Fargo & Company MN raised its position in shares of Cheniere Energy Partners by 16.5% during the third quarter. Wells Fargo & Company MN now owns 103,382 shares of the energy company’s stock worth $4,079,000 after purchasing an additional 14,607 shares during the period. SG Americas Securities LLC purchased a new position in shares of Cheniere Energy Partners during the third quarter valued at $1,424,000. McGowan Group Asset Management Inc. grew its stake in Cheniere Energy Partners by 320.3% in the third quarter. McGowan Group Asset Management Inc. now owns 137,949 shares of the energy company’s stock valued at $5,443,000 after purchasing an additional 105,125 shares in the last quarter. Finally, Bell Rock Capital LLC acquired a new stake in shares of Cheniere Energy Partners in the third quarter worth about $663,000.
CQP opened at $42.62 on Tuesday. Cheniere Energy Partners LP has a 1-year low of $29.42 and a 1-year high of $45.27.
A number of research firms have recently weighed in on CQP. BMO Capital Markets downgraded Cheniere Energy Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, March 25th. US Capital Advisors downgraded shares of Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a research report on Monday, March 18th. 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 target price on the stock. JPMorgan Chase & Co. lowered shares of Cheniere Energy Partners from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $40.00 to $44.00 in a report on Friday, February 22nd. Finally, Scotiabank started coverage on shares of Cheniere Energy Partners in a report on Friday, February 8th. They set a “sector perform” rating on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two 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 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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