Spirit of America Management Corp NY raised its stake in Cheniere Energy Partners LP (NYSE:CQP) by 1.9% during the third quarter, Holdings Channel reports. The institutional investor owned 338,661 shares of the company’s stock after buying an additional 6,400 shares during the period. Cheniere Energy Partners comprises about 1.3% of Spirit of America Management Corp NY’s portfolio, making the stock its 23rd largest position. Spirit of America Management Corp NY’s holdings in Cheniere Energy Partners were worth $9,910,000 as of its most recent SEC filing.
Separately, Duff & Phelps Investment Management Co. boosted its position in Cheniere Energy Partners by 9.1% in the third quarter. Duff & Phelps Investment Management Co. now owns 120,000 shares of the company’s stock valued at $3,511,000 after buying an additional 10,000 shares in the last quarter.
Cheniere Energy Partners LP (NYSE:CQP) traded up 0.39% during midday trading on Friday, hitting $28.57. The stock had a trading volume of 198,806 shares. The company’s 50 day moving average is $27.97 and its 200 day moving average is $28.49. Cheniere Energy Partners LP has a 1-year low of $19.22 and a 1-year high of $31.49. The company’s market cap is $9.65 billion.
Cheniere Energy Partners (NYSE:CQP) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.17. The business had revenue of $176.03 million for the quarter, compared to the consensus estimate of $145.50 million. During the same quarter in the previous year, the business posted ($0.01) EPS. On average, equities analysts anticipate that Cheniere Energy Partners LP will post $0.08 earnings per share for the current fiscal year.
Several equities analysts have commented on the company. Wolfe Research assumed coverage on Cheniere Energy Partners in a report on Wednesday, June 22nd. They issued an “outperform” rating for the company. Credit Suisse Group AG assumed coverage on Cheniere Energy Partners in a report on Wednesday. They issued an “outperform” rating and a $35.00 price target for the company. Barclays PLC reaffirmed an “overweight” rating and issued a $32.00 price target (down previously from $36.00) on shares of Cheniere Energy Partners in a report on Tuesday, September 6th. Finally, US Capital Advisors raised Cheniere Energy Partners to a “buy” rating in a report on Thursday, September 8th.
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