PFG Investments LLC Boosts Stake in Cheniere Energy Partners (NYSE:CQP)

PFG Investments LLC boosted its holdings in Cheniere Energy Partners (NYSE:CQP) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,288 shares of the company’s stock after acquiring an additional 1,858 shares during the quarter. PFG Investments LLC’s holdings in Cheniere Energy Partners were worth $1,078,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CQP. Millburn Ridgefield Corp acquired a new position in shares of Cheniere Energy Partners during the 3rd quarter worth $116,000. Geneos Wealth Management Inc. boosted its holdings in Cheniere Energy Partners by 64.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock worth $135,000 after buying an additional 1,000 shares in the last quarter. Larson Financial Group LLC acquired a new position in Cheniere Energy Partners during the third quarter worth about $146,000. Charles Schwab Trust Co acquired a new stake in shares of Cheniere Energy Partners during the 4th quarter valued at approximately $212,000. Finally, BIP Wealth LLC purchased a new stake in shares of Cheniere Energy Partners during the 3rd quarter worth approximately $244,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Analyst Ratings Changes

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

Cheniere Energy Partners Price Performance

Shares of Cheniere Energy Partners stock opened at $61.69 on Wednesday. Cheniere Energy Partners has a 1 year low of $45.51 and a 1 year high of $63.01. The stock’s 50 day moving average is $56.78. The firm has a market cap of $29.86 billion, a P/E ratio of 13.32 and a beta of 0.75.

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

About Cheniere Energy Partners

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.