Cheniere Energy Partners LP (CQP) Position Lowered by Raymond James & Associates

Raymond James & Associates decreased its stake in Cheniere Energy Partners LP (NYSEAMERICAN:CQP) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,429 shares of the energy company’s stock after selling 3,451 shares during the period. Raymond James & Associates’ holdings in Cheniere Energy Partners were worth $1,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alps Advisors Inc. raised its position in Cheniere Energy Partners by 20,887.1% during the second quarter. Alps Advisors Inc. now owns 3,400,113 shares of the energy company’s stock worth $122,234,000 after acquiring an additional 3,383,912 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its position in Cheniere Energy Partners by 52.4% during the second quarter. Kayne Anderson Capital Advisors LP now owns 2,428,991 shares of the energy company’s stock worth $87,310,000 after acquiring an additional 835,550 shares during the last quarter. UBS Group AG raised its position in Cheniere Energy Partners by 202.2% during the first quarter. UBS Group AG now owns 773,161 shares of the energy company’s stock worth $22,499,000 after acquiring an additional 517,337 shares during the last quarter. BlackRock Inc. acquired a new position in Cheniere Energy Partners during the first quarter worth about $6,099,000. Finally, Columbus Hill Capital Management L.P. raised its position in Cheniere Energy Partners by 55.7% during the second quarter. Columbus Hill Capital Management L.P. now owns 386,492 shares of the energy company’s stock worth $13,894,000 after acquiring an additional 138,324 shares during the last quarter.

A number of brokerages have issued reports on CQP. Zacks Investment Research cut shares of Cheniere Energy Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 17th. Stifel Nicolaus lifted their target price on shares of Cheniere Energy Partners from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, August 10th. Scotiabank set a $41.00 target price on shares of Cheniere Energy Partners and gave the stock a “hold” rating in a research report on Monday, August 20th. Morgan Stanley set a $39.00 target price on shares of Cheniere Energy Partners and gave the stock a “hold” rating in a research report on Wednesday, September 26th. Finally, Goldman Sachs Group began coverage on shares of Cheniere Energy Partners in a research report on Monday, October 8th. They set a “neutral” rating and a $41.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $39.30.

Shares of NYSEAMERICAN CQP opened at $36.82 on Friday. Cheniere Energy Partners LP has a 12 month low of $26.68 and a 12 month high of $40.56.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its quarterly earnings results on Thursday, August 9th. The energy company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Cheniere Energy Partners had a return on equity of 266.18% and a net margin of 24.64%.

About Cheniere Energy Partners

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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