Morgan Stanley reiterated their equal weight rating on shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) in a report published on Friday morning, BenzingaRatingsTable reports. They currently have a $42.00 target price on the energy company’s stock.
Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Cheniere Energy Partners from a buy rating to a hold rating in a research report on Wednesday, July 24th. Royal Bank of Canada lowered Cheniere Energy Partners from an outperform rating to a sector perform rating and set a $44.00 target price on the stock. in a research report on Sunday, June 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $42.38.
NYSEAMERICAN CQP opened at $47.35 on Friday. Cheniere Energy Partners has a 12 month low of $32.55 and a 12 month high of $49.30.
Several institutional investors have recently made changes to their positions in CQP. Raymond James & Associates raised its stake in Cheniere Energy Partners by 17.8% during the 1st quarter. Raymond James & Associates now owns 65,158 shares of the energy company’s stock worth $2,732,000 after buying an additional 9,830 shares during the period. Geneva Partners LLC acquired a new position in Cheniere Energy Partners during the 2nd quarter worth approximately $202,000. Atria Investments LLC acquired a new position in Cheniere Energy Partners during the 2nd quarter worth approximately $543,000. Usca Ria LLC acquired a new position in Cheniere Energy Partners during the 2nd quarter worth approximately $432,000. Finally, Infrastructure Capital Advisors LLC raised its stake in Cheniere Energy Partners by 2.0% during the 2nd quarter. Infrastructure Capital Advisors LLC now owns 264,844 shares of the energy company’s stock worth $11,330,000 after buying an additional 5,073 shares during the period.
About Cheniere Energy Partners
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.
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