Cheniere Energy Partners (NYSEAMERICAN:CQH) was downgraded by investment analysts at US Capital Advisors to a “hold” rating in a report issued on Thursday, The Fly reports.
Other equities research analysts have also recently issued research reports about the company. BidaskClub raised Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, October 13th. Morgan Stanley raised their target price on Cheniere Energy Partners from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th.
Cheniere Energy Partners (NYSEAMERICAN CQH) traded up $0.36 during trading hours on Thursday, hitting $28.70. The stock had a trading volume of 37,200 shares, compared to its average volume of 71,150. Cheniere Energy Partners has a 1 year low of $22.31 and a 1 year high of $28.76. The company has a market cap of $6,420.00, a P/E ratio of 358.75 and a beta of 1.03.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Zimmer Partners LP boosted its stake in Cheniere Energy Partners by 24.4% during the fourth quarter. Zimmer Partners LP now owns 10,112,340 shares of the energy company’s stock valued at $226,213,000 after buying an additional 1,985,165 shares during the period. Pennant Capital Management LLC boosted its stake in Cheniere Energy Partners by 4.6% during the first quarter. Pennant Capital Management LLC now owns 2,737,486 shares of the energy company’s stock valued at $49,439,000 after buying an additional 120,586 shares during the period. Atlantic Trust Group LLC boosted its stake in Cheniere Energy Partners by 9.1% during the third quarter. Atlantic Trust Group LLC now owns 2,110,957 shares of the energy company’s stock valued at $52,943,000 after buying an additional 175,993 shares during the period. Adage Capital Partners GP L.L.C. boosted its stake in Cheniere Energy Partners by 217.8% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,750,866 shares of the energy company’s stock valued at $39,815,000 after buying an additional 1,200,000 shares during the period. Finally, Dalton Investments LLC bought a new stake in Cheniere Energy Partners during the fourth quarter valued at $24,481,000.
COPYRIGHT VIOLATION NOTICE: “Cheniere Energy Partners (CQH) Rating Lowered to Hold at US Capital Advisors” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2018/01/04/cheniere-energy-partners-cqh-rating-lowered-to-hold-at-us-capital-advisors.html.
About Cheniere Energy Partners
Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings) is a limited liability company. The Company’s business consists of owning and holding Cheniere Energy Patners, L.P. (Cheniere Partners) limited partner common units, Class B units and subordinated units (collectively, the Cheniere Partners units), along with cash or other property that it receives as distributions in respect of such units.
Receive News & Ratings for Cheniere Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.