Tortoise Index Solutions LLC Buys 2,642 Shares of Cheniere Energy Partners LP (NYSEAMERICAN:CQP)

Tortoise Index Solutions LLC increased its holdings in Cheniere Energy Partners LP (NYSEAMERICAN:CQP) by 17.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,895 shares of the energy company’s stock after acquiring an additional 2,642 shares during the period. Tortoise Index Solutions LLC’s holdings in Cheniere Energy Partners were worth $750,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. First Allied Advisory Services Inc. lifted its stake in Cheniere Energy Partners by 1.2% in the first quarter. First Allied Advisory Services Inc. now owns 24,201 shares of the energy company’s stock valued at $1,014,000 after purchasing an additional 282 shares during the last quarter. LPL Financial LLC lifted its stake in Cheniere Energy Partners by 4.4% in the fourth quarter. LPL Financial LLC now owns 8,186 shares of the energy company’s stock valued at $296,000 after purchasing an additional 345 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in Cheniere Energy Partners by 133.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 700 shares of the energy company’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Bell Rock Capital LLC lifted its stake in Cheniere Energy Partners by 4.3% in the first quarter. Bell Rock Capital LLC now owns 12,200 shares of the energy company’s stock valued at $512,000 after purchasing an additional 500 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in Cheniere Energy Partners by 240.0% in the fourth quarter. Advisory Services Network LLC now owns 850 shares of the energy company’s stock valued at $31,000 after purchasing an additional 600 shares during the last quarter.

Several equities research analysts have issued reports on the company. Gabelli assumed coverage on Cheniere Energy Partners in a research report on Monday, May 13th. They set a “sell” rating on the stock. BMO Capital Markets downgraded Cheniere Energy Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, March 25th. US Capital Advisors cut shares of Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a report on Monday, March 18th. Royal Bank of Canada cut shares of Cheniere Energy Partners from an “outperform” rating to a “sector perform” rating and set a $44.00 price target on the stock. in a report on Sunday, June 9th. Finally, Evercore ISI initiated coverage on shares of Cheniere Energy Partners in a report on Tuesday, March 12th. They issued an “in-line” rating and a $40.00 price target on the stock. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $40.31.

CQP opened at $42.18 on Friday. Cheniere Energy Partners LP has a 52 week low of $32.55 and a 52 week high of $45.27.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its quarterly earnings data on Thursday, May 9th. The energy company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.20. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.58 billion.

Cheniere Energy Partners Profile

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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Institutional Ownership by Quarter for Cheniere Energy Partners (NYSEAMERICAN:CQP)

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