Northwestern Mutual Wealth Management Co. purchased a new position in Cheniere Energy Partners LP (NYSEAMERICAN:CQP) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,475 shares of the energy company’s stock, valued at approximately $62,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital Investment Advisory Services LLC bought a new stake in shares of Cheniere Energy Partners during the 4th quarter valued at about $49,000. Barings LLC bought a new position in shares of Cheniere Energy Partners during the 4th quarter valued at approximately $433,000. First Trust Advisors LP grew its stake in shares of Cheniere Energy Partners by 103.2% during the 4th quarter. First Trust Advisors LP now owns 161,815 shares of the energy company’s stock valued at $5,842,000 after acquiring an additional 82,172 shares during the period. LPL Financial LLC grew its stake in shares of Cheniere Energy Partners by 4.4% during the 4th quarter. LPL Financial LLC now owns 8,186 shares of the energy company’s stock valued at $296,000 after acquiring an additional 345 shares during the period. Finally, Private Advisor Group LLC bought a new position in shares of Cheniere Energy Partners during the 4th quarter valued at approximately $208,000.

NYSEAMERICAN CQP opened at $42.23 on Friday. Cheniere Energy Partners LP has a 12 month low of $32.55 and a 12 month high of $45.27.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last posted its quarterly earnings results on Thursday, May 9th. The energy company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.20. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.58 billion.

CQP has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded Cheniere Energy Partners from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $40.00 to $44.00 in a research note on Friday, February 22nd. Evercore ISI initiated coverage on Cheniere Energy Partners in a research note on Tuesday, March 12th. They set an “in-line” rating and a $40.00 price objective for the company. US Capital Advisors downgraded Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a research note on Monday, March 18th. BMO Capital Markets downgraded Cheniere Energy Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, March 25th. Finally, Gabelli initiated coverage on Cheniere Energy Partners in a research note on Monday, May 13th. They set a “sell” rating for the company. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $40.31.

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Cheniere Energy Partners Profile

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.

See Also: Cost of Capital

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

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