JPMorgan Chase & Co. decreased its position in shares of Cheniere Energy Partners LP (NYSE:CQP) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,196,741 shares of the company’s stock after selling 16,427 shares during the period. JPMorgan Chase & Co. owned approximately 0.35% of Cheniere Energy Partners worth $38,774,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Level Four Advisory Services LLC acquired a new stake in shares of Cheniere Energy Partners during the 1st quarter worth $521,000. FMR LLC grew its holdings in shares of Cheniere Energy Partners by 31.0% during the 1st quarter. FMR LLC now owns 761,461 shares of the company’s stock worth $24,603,000 after purchasing an additional 180,000 shares in the last quarter. Eagle Global Advisors LLC grew its holdings in shares of Cheniere Energy Partners by 4.8% during the 2nd quarter. Eagle Global Advisors LLC now owns 1,877,036 shares of the company’s stock worth $60,816,000 after purchasing an additional 86,150 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Cheniere Energy Partners by 24.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 97,383 shares of the company’s stock worth $3,155,000 after purchasing an additional 19,096 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Cheniere Energy Partners during the 1st quarter worth $5,329,000.

CQP has been the topic of several analyst reports. Morgan Stanley lowered Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $33.00 target price on the stock. in a report on Tuesday, June 13th. Barclays PLC lowered Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 target price on the stock. in a report on Tuesday, July 18th. Zacks Investment Research raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Friday, May 19th. Finally, Scotiabank set a $34.00 target price on Cheniere Energy Partners and gave the stock a “hold” rating in a report on Saturday, July 22nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $35.00.

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Shares of Cheniere Energy Partners LP (NYSE CQP) opened at 27.50 on Friday. The stock’s 50 day moving average price is $28.09 and its 200 day moving average price is $30.83. Cheniere Energy Partners LP has a 12-month low of $25.97 and a 12-month high of $33.47. The firm has a market capitalization of $13.31 billion and a price-to-earnings ratio of 96.49.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($3.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($4.19). Cheniere Energy Partners had a net margin of 4.64% and a return on equity of 39.76%. The company had revenue of $992.00 million for the quarter, compared to the consensus estimate of $771.91 million. Equities research analysts expect that Cheniere Energy Partners LP will post $1.58 earnings per share for the current year.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.

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

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