Cheniere Energy Partners LP (CQP) Director Jamie Welch Acquires 8,654 Shares

Cheniere Energy Partners LP (NYSEAMERICAN:CQP) Director Jamie Welch acquired 8,654 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was purchased at an average price of $27.50 per share, with a total value of $237,985.00. Following the completion of the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $237,985. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Cheniere Energy Partners LP (CQP) traded up $0.43 during trading on Friday, reaching $28.24. 206,182 shares of the company’s stock traded hands, compared to its average volume of 271,503. Cheniere Energy Partners LP has a twelve month low of $26.41 and a twelve month high of $33.47. The company has a market capitalization of $13,670.00, a price-to-earnings ratio of 48.69 and a beta of 0.97.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its earnings results on Tuesday, November 14th. The energy company reported ($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($1.56). The company had revenue of $903.00 million for the quarter, compared to the consensus estimate of $1.14 billion. Cheniere Energy Partners had a net margin of 2.55% and a return on equity of 19.48%.

Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. Royal Bank of Canada dropped their target price on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, October 16th. Zacks Investment Research lowered shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, September 18th. Finally, BMO Capital Markets assumed coverage on shares of Cheniere Energy Partners in a research report on Monday, September 25th. They set an “outperform” rating and a $32.00 target price for the company. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $34.14.

Hedge funds have recently bought and sold shares of the business. Allianz Asset Management GmbH purchased a new position in shares of Cheniere Energy Partners during the third quarter worth approximately $331,000. First Allied Advisory Services Inc. raised its stake in shares of Cheniere Energy Partners by 45.0% during the third quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock worth $759,000 after acquiring an additional 8,160 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Cheniere Energy Partners by 18.1% during the third quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock worth $1,116,000 after acquiring an additional 5,934 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Cheniere Energy Partners by 7.7% during the third quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock worth $1,587,000 after acquiring an additional 3,953 shares in the last quarter. Finally, Blackstone Group L.P. raised its stake in shares of Cheniere Energy Partners by 5,731.3% during the third quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock worth $5,834,629,000 after acquiring an additional 198,978,886 shares in the last quarter.

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Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.

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