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

Exchange Traded Concepts LLC lowered its position in shares of Cheniere Energy Partners (NYSE:CQP) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

A number of other institutional 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% in the third 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 period. Empowered Funds LLC boosted its holdings in shares of Cheniere Energy Partners by 3.4% in the third 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 acquired a new position in shares of Cheniere Energy Partners in the third quarter valued at approximately $116,000. Larson Financial Group LLC acquired a new position in shares of Cheniere Energy Partners in the third quarter valued at approximately $146,000. Finally, Charles Schwab Trust Co acquired a new position in shares of Cheniere Energy Partners in the fourth quarter valued at approximately $212,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Price Performance

Shares of CQP opened at $61.91 on Monday. Cheniere Energy Partners has a 12 month low of $45.51 and a 12 month high of $63.01. The stock’s fifty day simple moving average is $56.50. The firm has a market capitalization of $29.97 billion, a PE ratio of 13.37 and a beta of 0.75.

Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results 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). Cheniere Energy Partners had a negative return on equity of 328.60% and a net margin of 31.28%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the company posted $0.84 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts predict that Cheniere Energy Partners will post 4.32 EPS for the current year.

Analysts Set New Price Targets

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

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.