Neuberger Berman Group LLC Sells 320,972 Shares of Cheniere Energy Partners LP (CQP)

Neuberger Berman Group LLC cut its stake in shares of Cheniere Energy Partners LP (NYSE:CQP) by 69.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,137 shares of the company’s stock after selling 320,972 shares during the period. Neuberger Berman Group LLC’s holdings in Cheniere Energy Partners were worth $4,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of CQP. Bank of Montreal Can raised its position in Cheniere Energy Partners by 179.7% during the second quarter. Bank of Montreal Can now owns 535,699 shares of the company’s stock valued at $17,356,000 after purchasing an additional 344,177 shares during the period. Kayne Anderson Capital Advisors LP raised its position in Cheniere Energy Partners by 31.4% during the second quarter. Kayne Anderson Capital Advisors LP now owns 1,063,910 shares of the company’s stock valued at $34,460,000 after purchasing an additional 253,950 shares during the period. FMR LLC raised its position in Cheniere Energy Partners by 31.0% during the first quarter. FMR LLC now owns 761,461 shares of the company’s stock valued at $24,603,000 after purchasing an additional 180,000 shares during the period. Driehaus Capital Management LLC purchased a new stake in Cheniere Energy Partners during the first quarter valued at approximately $5,329,000. Finally, Spirit of America Management Corp NY raised its position in Cheniere Energy Partners by 20.5% during the second quarter. Spirit of America Management Corp NY now owns 652,061 shares of the company’s stock valued at $21,126,000 after purchasing an additional 111,100 shares during the period.

A number of brokerages have issued reports on CQP. Zacks Investment Research upgraded Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Scotiabank set a $34.00 price target on Cheniere Energy Partners and gave the stock a “hold” rating in a report on Saturday, July 22nd. Morgan Stanley downgraded Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $33.00 price target on the stock. in a report on Tuesday, June 13th. Sanford C. Bernstein started coverage on Cheniere Energy Partners in a report on Tuesday, May 16th. They issued a “positive” rating and a $38.00 price target on the stock. Finally, Barclays PLC downgraded Cheniere Energy Partners from an “overweight” rating to an “equal weight” rating and set a $34.00 price target on the stock. in a report on Tuesday, July 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Cheniere Energy Partners presently has an average rating of “Hold” and an average price target of $35.00.

ILLEGAL ACTIVITY WARNING: “Neuberger Berman Group LLC Sells 320,972 Shares of Cheniere Energy Partners LP (CQP)” was first reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/2888176/neuberger-berman-group-llc-sells-320972-shares-of-cheniere-energy-partners-lp-cqp.html.

Shares of Cheniere Energy Partners LP (NYSE CQP) opened at 26.78 on Wednesday. Cheniere Energy Partners LP has a one year low of $25.97 and a one year high of $33.47. The stock has a 50 day moving average price of $28.44 and a 200 day moving average price of $30.95. The stock has a market capitalization of $12.96 billion and a P/E ratio of 93.96.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($3.71) EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($4.19). Cheniere Energy Partners had a net margin of 4.64% and a return on equity of 39.76%. The business had revenue of $992.00 million during the quarter, compared to analyst estimates of $771.91 million. Equities analysts forecast that Cheniere Energy Partners LP will post $1.58 earnings per share for the current year.

Cheniere Energy Partners 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.

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

Receive News & Ratings for Cheniere Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.