Wells Fargo & Company MN Boosts Holdings in Cheniere Energy Partners LP (NYSEAMERICAN:CQP)

Wells Fargo & Company MN grew its position in shares of Cheniere Energy Partners LP (NYSEAMERICAN:CQP) by 3.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,795 shares of the energy company’s stock after purchasing an additional 3,637 shares during the period. Wells Fargo & Company MN’s holdings in Cheniere Energy Partners were worth $4,631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CQP. Coastal Capital Group Inc. purchased a new stake in shares of Cheniere Energy Partners during the second quarter valued at approximately $29,000. Carroll Financial Associates Inc. increased its stake in shares of Cheniere Energy Partners by 162.3% in the second quarter. Carroll Financial Associates Inc. now owns 808 shares of the energy company’s stock worth $34,000 after buying an additional 500 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Cheniere Energy Partners in the first quarter worth $42,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Cheniere Energy Partners in the first quarter worth $62,000. Finally, Geneva Partners LLC bought a new stake in shares of Cheniere Energy Partners in the second quarter worth $202,000.

CQP stock traded down $0.06 during trading on Thursday, hitting $47.42. The company had a trading volume of 52,567 shares, compared to its average volume of 219,851. Cheniere Energy Partners LP has a fifty-two week low of $32.55 and a fifty-two week high of $49.30.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.12). The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.74 billion.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Cheniere Energy Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Royal Bank of Canada lowered shares of Cheniere Energy Partners from an “outperform” rating to a “sector perform” rating and set a $44.00 price target for the company. in a research note on Sunday, June 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.00.

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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