Cheniere Energy Partners LP (NYSEAMERICAN:CQP) Position Increased by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP raised its holdings in shares of Cheniere Energy Partners LP (NYSEAMERICAN:CQP) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,797,247 shares of the energy company’s stock after acquiring an additional 74,025 shares during the period. Cheniere Energy Partners makes up 2.0% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 17th largest position. Kayne Anderson Capital Advisors LP owned approximately 0.58% of Cheniere Energy Partners worth $127,212,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. HighTower Advisors LLC raised its stake in Cheniere Energy Partners by 1.2% during the 2nd quarter. HighTower Advisors LLC now owns 19,368 shares of the energy company’s stock valued at $817,000 after acquiring an additional 236 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Cheniere Energy Partners by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,182 shares of the energy company’s stock valued at $261,000 after purchasing an additional 278 shares during the period. Stephens Inc. AR increased its position in shares of Cheniere Energy Partners by 1.7% during the 2nd quarter. Stephens Inc. AR now owns 17,951 shares of the energy company’s stock valued at $757,000 after purchasing an additional 300 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Cheniere Energy Partners by 1.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 26,499 shares of the energy company’s stock valued at $1,118,000 after purchasing an additional 321 shares during the period. Finally, Wambolt & Associates LLC increased its position in shares of Cheniere Energy Partners by 8.0% during the 3rd quarter. Wambolt & Associates LLC now owns 5,526 shares of the energy company’s stock valued at $251,000 after purchasing an additional 410 shares during the period.

Shares of NYSEAMERICAN CQP traded up $0.15 during mid-day trading on Friday, reaching $42.69. The company had a trading volume of 180,517 shares, compared to its average volume of 222,816. The company has a 50-day moving average price of $44.70 and a two-hundred day moving average price of $43.38. Cheniere Energy Partners LP has a 1-year low of $33.89 and a 1-year high of $49.30.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its earnings results on Friday, November 1st. The energy company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.33). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.79 billion.

The business also recently announced a dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be issued a $0.62 dividend. This is a boost from Cheniere Energy Partners’s previous dividend of $0.43. The ex-dividend date of this dividend is Wednesday, November 6th.

Several brokerages have recently issued reports on CQP. Raymond James cut Cheniere Energy Partners from a “market perform” rating to an “underperform” rating in a research report on Wednesday, October 23rd. Zacks Investment Research upgraded Cheniere Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 24th. Sanford C. Bernstein cut Cheniere Energy Partners from an “outperform” rating to a “market perform” rating and set a $38.00 price target on the stock. in a research report on Tuesday, October 8th. Barclays set a $46.00 price target on Cheniere Energy Partners and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $42.00 price target on shares of Cheniere Energy Partners in a research report on Friday, September 20th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.44.

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 in Cameron Parish, Louisiana 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.

Further Reading: Different Types of Derivatives

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

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