Morgan Stanley lowered shares of Cheniere Energy Partners LP (AMEX:CQP) from an overweight rating to an equal weight rating in a research report released on Tuesday morning, StockTargetPrices.com reports. The firm currently has $31.00 target price on the energy company’s stock, down from their previous target price of $33.00.
CQP has been the subject of several other research reports. Zacks Investment Research upgraded Cheniere Energy Partners from a hold rating to a buy rating and set a $35.00 price target for the company in a research note on Monday, March 20th. TheStreet upgraded Cheniere Energy Partners from a c rating to a b- rating in a research note on Monday, March 20th. Guggenheim initiated coverage on Cheniere Energy Partners in a research note on Tuesday, April 18th. They issued a neutral rating for the company. Finally, Barclays PLC boosted their price target on Cheniere Energy Partners from $32.00 to $34.00 and gave the stock an overweight rating in a research note on Thursday, April 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Cheniere Energy Partners currently has a consensus rating of Buy and an average price target of $34.00.
Cheniere Energy Partners (AMEX:CQP) opened at 31.10 on Tuesday. Cheniere Energy Partners has a 52 week low of $25.87 and a 52 week high of $33.47. The company’s market cap is $10.51 billion. The firm has a 50-day moving average price of $31.92 and a 200-day moving average price of $30.91.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Infrastructure Capital Advisors LLC acquired a new position in Cheniere Energy Partners during the fourth quarter valued at $345,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Cheniere Energy Partners by 3.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,637 shares of the energy company’s stock valued at $194,000 after buying an additional 250 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new position in Cheniere Energy Partners during the fourth quarter valued at $268,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Cheniere Energy Partners by 2.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,558 shares of the energy company’s stock valued at $996,000 after buying an additional 990 shares in the last quarter.
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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