Exchange Traded Concepts LLC Has $2.25 Million Position in Cheniere Energy Partners (NYSE:CQP)

Exchange Traded Concepts LLC lessened its holdings in Cheniere Energy Partners (NYSE:CQP) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,319 shares of the company’s stock after selling 3,877 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Cheniere Energy Partners were worth $2,248,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in Cheniere Energy Partners by 21.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock valued at $37,264,000 after buying an additional 137,477 shares during the last quarter. Fred Alger Management LLC raised its holdings in Cheniere Energy Partners by 12.7% in the 3rd quarter. Fred Alger Management LLC now owns 52,962 shares of the company’s stock valued at $2,580,000 after buying an additional 5,969 shares during the last quarter. Empowered Funds LLC raised its holdings in Cheniere Energy Partners by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock valued at $1,535,000 after buying an additional 1,043 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in Cheniere Energy Partners in the 3rd quarter valued at approximately $1,286,000. Finally, Montchanin Asset Management LLC raised its holdings in Cheniere Energy Partners by 2.6% in the 3rd quarter. Montchanin Asset Management LLC now owns 19,515 shares of the company’s stock valued at $951,000 after buying an additional 500 shares during the last quarter. Institutional investors own 46.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Cheniere Energy Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price objective for the company. Barclays raised their price target on shares of Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company raised their price target on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a report on Wednesday, December 18th.

Cheniere Energy Partners Trading Up 0.5 %

Cheniere Energy Partners stock opened at $61.91 on Monday. Cheniere Energy Partners has a 52-week low of $45.51 and a 52-week high of $63.01. The stock’s 50 day moving average price is $56.50. The company has a market cap of $29.97 billion, a price-to-earnings ratio of 13.37 and a beta of 0.75.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.08). The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. Equities research analysts expect that Cheniere Energy Partners will post 4.32 EPS for the current fiscal year.

Cheniere Energy Partners Profile

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.