Winslow Evans & Crocker Inc. cut its position in shares of Cheniere Energy Partners LP (NYSEAMERICAN:CQP) by 49.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,876 shares of the energy company’s stock after selling 1,824 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Cheniere Energy Partners were worth $80,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in CQP. Jennison Associates LLC lifted its stake in Cheniere Energy Partners by 1.0% during the first quarter. Jennison Associates LLC now owns 1,270,919 shares of the energy company’s stock worth $53,290,000 after purchasing an additional 12,203 shares during the period. Dividend Assets Capital LLC lifted its stake in Cheniere Energy Partners by 0.9% during the second quarter. Dividend Assets Capital LLC now owns 236,053 shares of the energy company’s stock worth $9,957,000 after purchasing an additional 2,000 shares during the period. Hartz Capital Inc. bought a new position in Cheniere Energy Partners during the first quarter worth about $7,674,000. Bank of Montreal Can lifted its stake in Cheniere Energy Partners by 246.3% during the first quarter. Bank of Montreal Can now owns 155,703 shares of the energy company’s stock worth $6,529,000 after purchasing an additional 110,743 shares during the period. Finally, Bank of America Corp DE lifted its stake in Cheniere Energy Partners by 95.2% during the fourth quarter. Bank of America Corp DE now owns 128,822 shares of the energy company’s stock worth $4,650,000 after purchasing an additional 62,835 shares during the period.
A number of research analysts have commented on CQP shares. Gabelli started coverage on shares of Cheniere Energy Partners in a research note on Monday, May 13th. They set a “sell” rating for the company. Zacks Investment Research cut shares of Cheniere Energy Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada cut shares of Cheniere Energy Partners from an “outperform” rating to a “sector perform” rating and set a $44.00 price target for the company. in a research note on Sunday, June 9th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Cheniere Energy Partners currently has a consensus rating of “Hold” and an average price target of $41.42.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its earnings results on Thursday, May 9th. The energy company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.20. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.58 billion.
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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