Fred Alger Management Inc. continued to hold its stake in Cheniere Energy Partners LP (NYSE:CQP) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,266 shares of the company’s stock at the close of the 2nd quarter. Fred Alger Management Inc.’s holdings in Cheniere Energy Partners were worth $981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CQP. Goldman Sachs Group Inc. lifted its position in Cheniere Energy Partners by 81.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,899,849 shares of the company’s stock worth $61,555,000 after acquiring an additional 855,428 shares during the period. Bank of Montreal Can lifted its position in Cheniere Energy Partners by 179.7% during the 2nd quarter. Bank of Montreal Can now owns 535,699 shares of the company’s stock worth $17,356,000 after acquiring an additional 344,177 shares during the period. Kayne Anderson Capital Advisors LP lifted its position in Cheniere Energy Partners by 31.4% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 1,063,910 shares of the company’s stock worth $34,460,000 after acquiring an additional 253,950 shares during the period. FMR LLC lifted its position in 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 acquiring an additional 180,000 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in Cheniere Energy Partners during the 1st quarter worth about $5,329,000.

Shares of Cheniere Energy Partners LP (NYSE:CQP) opened at 28.48 on Monday. 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 cap of $13.78 billion and a PE ratio of 99.93. The firm’s 50-day moving average price is $27.75 and its 200-day moving average price is $30.42.

Cheniere Energy Partners (NYSE:CQP) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($3.71) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($4.19). The firm had revenue of $992.00 million for the quarter, compared to analysts’ expectations of $771.91 million. Cheniere Energy Partners had a return on equity of 39.76% and a net margin of 4.64%. Analysts expect that Cheniere Energy Partners LP will post $1.03 earnings per share for the current year.

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A number of analysts have commented on CQP shares. Barclays PLC cut Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 price target for the company. in a research report on Tuesday, July 18th. Morgan Stanley cut Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $33.00 price target for the company. in a research report on Tuesday, June 13th. Zacks Investment Research raised Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. BMO Capital Markets started coverage on Cheniere Energy Partners in a research report on Monday, September 25th. They set an “outperform” rating and a $32.00 price target for the company. Finally, Scotiabank set a $34.00 price target on Cheniere Energy Partners and gave the stock a “hold” rating in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $34.50.

About Cheniere Energy Partners

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.

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

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