5 Best Stocks to Buy According to Billionaire Carl Icahn

3. Cheniere Energy, Inc. (NYSE:LNG)

Icahn Capital’s Stake Value: $1,348,037,000

Percentage of Icahn Capital’s 13F Portfolio: 6.16%

Number of Hedge Fund Holders: 62

As of March 31, Icahn Capital owns more than 9 million shares of Cheniere Energy, Inc. (NYSE:LNG) which bring the fund’s stakes to $1.34 billion. The investment covers 6.16% of Carl Icahn’s investment portfolio, making it rank among the top 5 holdings of his hedge fund.

On May 4, Cheniere Energy, Inc. (NYSE:LNG) announced earnings for the fiscal first quarter of 2022. The company reported earnings per share of $7.53, outperforming Wall Street consensus by $3.87. The company generated revenues of $7.48 billion, up 142.20% year over year, beating revenue consensus by $1.92 billion.

This May, RBC Capital analyst Elvira Scotto raised her price target on Cheniere Energy, Inc. (NYSE:LNG) to $178 from $151 and maintained an Outperform rating on the shares. The analyst sees the company as well-positioned to benefit from the growing global demand for liquefied natural gas.

At the close of Q1 2022, 62 hedge funds were bullish on Cheniere Energy, Inc. (NYSE:LNG) with stakes worth $3.20 billion. This is compared to 52 positions in the preceding quarter with stakes worth $3.38 billion.

Here is what ClearBridge Investments had to say about Cheniere Energy, Inc. (NYSE:LNG) in its third-quarter 2021 investor letter:

“Cheniere Energy is an energy infrastructure company that owns and operates U.S. liquefied natural gas (LNG) export facilities. Strong quarterly results and the disclosure of capital allocation policies were positively received by the markets. In addition, continued supply and demand tightness in the LNG market created a favorable commodity price environment.”