Cheniere Energy Partners (CQH) Rating Lowered to Hold at US Capital Advisors

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.

Cheniere Energy Partners (NYSEAMERICAN:CQH) last announced its quarterly earnings data on Tuesday, November 14th. The energy company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.31). The company had revenue of $5.08 million during the quarter, compared to analyst estimates of $104.60 million.

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.

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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.

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