Cheniere Energy Partners LP (NYSEAMERICAN:CQP) major shareholder Cqp Common Holdco L. Blackstone purchased 25,466 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were acquired at an average price of $28.61 per share, for a total transaction of $728,582.26. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Cheniere Energy Partners LP (CQP) opened at $30.56 on Friday. Cheniere Energy Partners LP has a 1-year low of $26.41 and a 1-year high of $33.47. The firm has a market cap of $14,790.00, a price-to-earnings ratio of 52.69 and a beta of 0.97.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($1.56). Cheniere Energy Partners had a net margin of 2.55% and a return on equity of 19.48%. The company had revenue of $903.00 million during the quarter, compared to the consensus estimate of $1.14 billion.
Institutional investors have recently modified their holdings of the business. Blackstone Group L.P. boosted its holdings in Cheniere Energy Partners by 5,731.3% in the 3rd quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock valued at $5,834,629,000 after purchasing an additional 198,978,886 shares during the period. First Allied Advisory Services Inc. boosted its holdings in Cheniere Energy Partners by 45.0% in the 3rd quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock valued at $759,000 after purchasing an additional 8,160 shares during the period. Jane Street Group LLC boosted its holdings in Cheniere Energy Partners by 7.7% in the 3rd quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock valued at $1,587,000 after purchasing an additional 3,953 shares during the period. Allianz Asset Management GmbH bought a new stake in Cheniere Energy Partners in the 3rd quarter valued at $331,000. Finally, California Public Employees Retirement System raised its stake in shares of Cheniere Energy Partners by 18.1% in the 3rd quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock valued at $1,116,000 after buying an additional 5,934 shares in the last quarter.
Several research firms recently issued reports on CQP. Stifel Nicolaus began coverage on shares of Cheniere Energy Partners in a report on Thursday, January 4th. They set a “hold” rating and a $30.00 price objective for the company. Zacks Investment Research raised shares of Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a report on Monday, January 8th. BidaskClub raised shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th. Royal Bank of Canada decreased their price objective on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, October 16th. Finally, BMO Capital Markets began coverage on shares of Cheniere Energy Partners in a report on Monday, September 25th. They set an “outperform” rating and a $32.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Cheniere Energy Partners has an average rating of “Hold” and a consensus target price of $33.63.
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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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