Raymond James & Associates Purchases 5,891 Shares of Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQP)

Raymond James & Associates increased its position in Cheniere Energy Partners, L.P. (NYSEAMERICAN:CQPGet Rating) by 18.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,549 shares of the energy company’s stock after purchasing an additional 5,891 shares during the quarter. Raymond James & Associates’ holdings in Cheniere Energy Partners were worth $2,057,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Cheniere Energy Partners by 132.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,745 shares of the energy company’s stock valued at $718,000 after acquiring an additional 7,262 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Cheniere Energy Partners by 8.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,041 shares of the energy company’s stock valued at $960,000 after acquiring an additional 1,287 shares during the period. Equitable Holdings Inc. bought a new position in shares of Cheniere Energy Partners during the first quarter valued at $267,000. Laurel Wealth Advisors Inc. bought a new position in shares of Cheniere Energy Partners during the first quarter valued at $217,000. Finally, Clearbridge Investments LLC lifted its holdings in shares of Cheniere Energy Partners by 24.1% during the first quarter. Clearbridge Investments LLC now owns 949,727 shares of the energy company’s stock valued at $53,527,000 after acquiring an additional 184,500 shares during the period. 46.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays lifted their price objective on Cheniere Energy Partners from $48.00 to $51.00 and gave the company an “underweight” rating in a report on Wednesday, October 12th. Citigroup lowered their target price on Cheniere Energy Partners from $47.00 to $44.00 and set a “sell” rating for the company in a research note on Monday, January 9th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $52.25.

Cheniere Energy Partners Price Performance

Shares of CQP stock opened at $56.07 on Tuesday. The stock has a market capitalization of $27.14 billion, a P/E ratio of -133.50 and a beta of 0.87. Cheniere Energy Partners, L.P. has a 12 month low of $40.20 and a 12 month high of $62.08.

Cheniere Energy Partners (NYSEAMERICAN:CQPGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The energy company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.36). The firm had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.56 billion. Cheniere Energy Partners had a negative return on equity of 108.35% and a net margin of 3.13%. Equities analysts anticipate that Cheniere Energy Partners, L.P. will post 5.23 earnings per share for the current fiscal year.

Cheniere Energy Partners Company Profile

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Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates natural gas liquefaction and export facility at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana. The company's regasification facilities include five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels with capacity of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day.

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Institutional Ownership by Quarter for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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