Wells Fargo & Company MN Has $1.80 Million Holdings in Cheniere Energy Partners (CQP)

Wells Fargo & Company MN trimmed its holdings in shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) by 61.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,589 shares of the energy company’s stock after selling 94,992 shares during the quarter. Wells Fargo & Company MN’s holdings in Cheniere Energy Partners were worth $1,796,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CQP. California Public Employees Retirement System increased its position in Cheniere Energy Partners by 1,436.0% during the fourth quarter. California Public Employees Retirement System now owns 594,970 shares of the energy company’s stock worth $17,635,000 after buying an additional 556,236 shares during the last quarter. Bank of Montreal Can increased its position in Cheniere Energy Partners by 19.5% during the fourth quarter. Bank of Montreal Can now owns 769,937 shares of the energy company’s stock worth $22,821,000 after buying an additional 125,694 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in Cheniere Energy Partners during the third quarter worth $331,000. Duff & Phelps Investment Management Co. increased its position in Cheniere Energy Partners by 4.8% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 220,000 shares of the energy company’s stock worth $6,521,000 after buying an additional 10,000 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Cheniere Energy Partners by 0.3% during the fourth quarter. Jennison Associates LLC now owns 973,425 shares of the energy company’s stock worth $28,852,000 after buying an additional 2,496 shares during the last quarter.

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CQP stock opened at $30.25 on Tuesday. Cheniere Energy Partners has a 52-week low of $26.41 and a 52-week high of $33.47.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its earnings results on Wednesday, February 21st. The energy company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.37. Cheniere Energy Partners had a net margin of 24.64% and a return on equity of 266.18%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.31 billion.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Barclays set a $35.00 price target on shares of Cheniere Energy Partners and gave the company a “hold” rating in a report on Monday, February 12th. Morgan Stanley upped their price target on shares of Cheniere Energy Partners from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. Stifel Nicolaus assumed coverage on shares of Cheniere Energy Partners in a report on Thursday, January 4th. They set a “hold” rating and a $30.00 price target for the company. Finally, TheStreet upgraded shares of Cheniere Energy Partners from a “c” rating to a “b” rating in a report on Monday, March 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.56.

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Cheniere Energy Partners Profile

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located 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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Institutional Ownership by Quarter for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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