Cheniere Energy Partners L.p. (NYSEMKT:CQP) is Attracting Smart Money


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cheniere Energy Partners L.p. (NYSEMKT:CQP) reported that Blackstone Holdings Iii L.p. has picked up 1,101,169 of common stock as of 2017-07-31.

The acquisition brings the aggregate amount owned by Blackstone Holdings Iii L.p. to a total of 1,101,169 representing a 1.9% in the company.

For those not familiar with the company, 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. Through its subsidiary, Sabine Pass LNG, L.P., it owns and operates regasification facilities at the Sabine Pass LNG terminal, which includes existing infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent, two marine berths that can accommodate vessels with nominal capacity of up to 266,000 cubic meters and vaporizers with regasification capacity of approximately four billion cubic feet per day.

A glance at Cheniere Energy Partners L.p. (NYSEMKT:CQP)’s key stats reveals a current market capitalization of 9.92B based on 57.10M shares outstanding and a price at last close of $29.35 per share.

Looking at insider activity, there are a few recent transactions worth noting.

Specifically, on 2015-12-07, Wortley picked up 4,000 at a purchase price of $21.86 per share.This brings their total holding to 5,000 as of the date of the filing.

On the sell side, the most recent transaction saw Wortley unload 5,000 shares at a sale price of $32.11. This brings their total holding to 0.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Cheniere Energy Partners L.p. (NYSEMKT:CQP) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.