PFG Investments LLC Makes New $868,000 Investment in Cheniere Energy Partners, L.P. (NYSE:CQP)

PFG Investments LLC purchased a new position in shares of Cheniere Energy Partners, L.P. (NYSE:CQP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 17,567 shares of the company's stock, valued at approximately $868,000.

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Cheniere Energy Partners by 15.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,677 shares of the company's stock worth $110,119,000 after purchasing an additional 298,335 shares in the last quarter. Alps Advisors Inc. boosted its position in Cheniere Energy Partners by 13.1% during the third quarter. Alps Advisors Inc. now owns 6,952,874 shares of the company's stock worth $376,776,000 after purchasing an additional 802,824 shares in the last quarter. Requisite Capital Management LLC purchased a new position in Cheniere Energy Partners during the fourth quarter worth approximately $3,419,000. Invesco Ltd. boosted its position in Cheniere Energy Partners by 170.2% during the third quarter. Invesco Ltd. now owns 391,808 shares of the company's stock worth $21,232,000 after purchasing an additional 246,808 shares in the last quarter. Finally, Custom Index Systems LLC purchased a new position in Cheniere Energy Partners during the fourth quarter worth approximately $1,429,000. Hedge funds and other institutional investors own 46.55% of the company's stock.

Cheniere Energy Partners Price Performance

Shares of NYSE CQP traded up $0.59 during midday trading on Friday, hitting $49.01. The stock had a trading volume of 108,939 shares, compared to its average volume of 194,740. Cheniere Energy Partners, L.P. has a 1 year low of $43.42 and a 1 year high of $62.34. The firm has a market capitalization of $23.72 billion, a P/E ratio of 7.05 and a beta of 0.68. The company's 50 day simple moving average is $48.95.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.71 by $0.25. Cheniere Energy Partners had a negative return on equity of 292.30% and a net margin of 44.02%. The firm had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.60 billion. Equities research analysts anticipate that Cheniere Energy Partners, L.P. will post 3.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CQP. Stifel Nicolaus upgraded Cheniere Energy Partners from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd. Barclays decreased their target price on Cheniere Energy Partners from $51.00 to $45.00 and set an "underweight" rating on the stock in a research report on Thursday, April 18th. Finally, UBS Group decreased their target price on Cheniere Energy Partners from $53.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $47.80.

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.

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