Cheniere Energy Partners (NYSE:CQP) Stake Cut by Requisite Capital Management LLC

Requisite Capital Management LLC lessened its holdings in shares of Cheniere Energy Partners (NYSE:CQP) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,405 shares of the company’s stock after selling 2,989 shares during the quarter. Cheniere Energy Partners makes up 0.6% of Requisite Capital Management LLC’s investment portfolio, making the stock its 17th largest holding. Requisite Capital Management LLC’s holdings in Cheniere Energy Partners were worth $3,156,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Cheniere Energy Partners by 21.9% in the third quarter. JPMorgan Chase & Co. now owns 764,858 shares of the company’s stock valued at $37,264,000 after acquiring an additional 137,477 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at $1,286,000. Rockefeller Capital Management L.P. bought a new stake in Cheniere Energy Partners in the third quarter worth $866,000. M&T Bank Corp acquired a new position in Cheniere Energy Partners during the third quarter worth $587,000. Finally, Blankinship & Foster LLC acquired a new stake in shares of Cheniere Energy Partners in the third quarter worth about $424,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Performance

Shares of CQP stock opened at $61.91 on Friday. The firm has a 50-day moving average price of $56.50. The company has a market cap of $29.97 billion, a PE ratio of 13.37 and a beta of 0.75. Cheniere Energy Partners has a 52-week low of $45.51 and a 52-week high of $63.01.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.08). Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the company posted $0.84 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. As a group, research analysts anticipate that Cheniere Energy Partners will post 4.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Bank of America started coverage on shares of Cheniere Energy Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 target price on the stock. Barclays increased their target price on Cheniere Energy Partners from $46.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company upped their price target on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th.

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.