Group L.P. Blackstone Acquires 116,223 Shares of Cheniere Energy Partners LP (CQP) Stock

Cheniere Energy Partners LP (NYSEAMERICAN:CQP) major shareholder Group L.P. Blackstone purchased 116,223 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was purchased at an average price of $27.97 per share, for a total transaction of $3,250,757.31. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Cheniere Energy Partners LP (NYSEAMERICAN CQP) traded up $0.51 during trading on Thursday, hitting $29.26. 592,300 shares of the stock were exchanged, compared to its average volume of 231,958. The company has a market cap of $13,670.00, a P/E ratio of 50.45 and a beta of 0.97. Cheniere Energy Partners LP has a fifty-two week low of $26.41 and a fifty-two week high of $33.47.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allianz Asset Management GmbH acquired a new stake in shares of Cheniere Energy Partners during the 3rd quarter valued at about $331,000. First Allied Advisory Services Inc. boosted its position in shares of Cheniere Energy Partners by 45.0% during the 3rd quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock valued at $759,000 after acquiring an additional 8,160 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Cheniere Energy Partners by 18.1% during the 3rd quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock valued at $1,116,000 after acquiring an additional 5,934 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Cheniere Energy Partners by 7.7% during the 3rd quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock valued at $1,587,000 after acquiring an additional 3,953 shares in the last quarter. Finally, Blackstone Group L.P. boosted its position in shares of Cheniere Energy Partners by 5,731.3% during the 3rd quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock valued at $5,834,629,000 after acquiring an additional 198,978,886 shares in the last quarter.

A number of analysts recently weighed in on CQP shares. Royal Bank of Canada reduced 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 report on Monday, October 16th. BMO Capital Markets started coverage on shares of Cheniere Energy Partners in a research note on Monday, September 25th. They issued an “outperform” rating and a $32.00 price objective for the company. BidaskClub raised shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research lowered shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Cheniere Energy Partners currently has an average rating of “Hold” and an average target price of $34.14.

COPYRIGHT VIOLATION NOTICE: “Group L.P. Blackstone Acquires 116,223 Shares of Cheniere Energy Partners LP (CQP) Stock” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.com-unik.info/2017/12/28/group-l-p-blackstone-acquires-116223-shares-of-cheniere-energy-partners-lp-cqp-stock.html.

About Cheniere Energy Partners

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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