Cheniere Energy Partners (NYSE:CQP) Shares Sold by Granite Group Advisors LLC

Granite Group Advisors LLC lowered its position in shares of Cheniere Energy Partners (NYSE:CQP) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,928 shares of the company’s stock after selling 257 shares during the quarter. Granite Group Advisors LLC’s holdings in Cheniere Energy Partners were worth $262,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Montchanin Asset Management LLC boosted its holdings in shares of Cheniere Energy Partners by 2.6% during the 3rd quarter. Montchanin Asset Management LLC now owns 19,515 shares of the company’s stock worth $951,000 after purchasing an additional 500 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Cheniere Energy Partners by 64.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the company’s stock valued at $135,000 after acquiring an additional 1,000 shares during the period. Empowered Funds LLC boosted its position 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 period. Millburn Ridgefield Corp purchased a new stake in Cheniere Energy Partners during the 3rd quarter worth about $116,000. Finally, Larson Financial Group LLC purchased a new position in Cheniere Energy Partners in the third quarter worth approximately $146,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Performance

Shares of CQP opened at $61.91 on Monday. The company has a fifty day moving average of $56.50. Cheniere Energy Partners has a fifty-two week low of $45.51 and a fifty-two week high of $63.01. The firm 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 issued its quarterly earnings data on Thursday, October 31st. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts anticipate that Cheniere Energy Partners will post 4.32 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. 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. Barclays upped their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Finally, Bank of America began coverage on Cheniere Energy Partners in a research note on Thursday, October 17th. They set an “underperform” rating and a $46.00 target price for the company.

Cheniere Energy Partners Company 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.