5 Best Up and Coming Stocks To Invest In

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

Number Of Hedge Fund Holders: 62

Cheniere Energy, Inc. (NYSE:LNG) operates as an energy infrastructure company in the United States. Engaged in liquified natural gas (LNG) related businesses, the company owns and operates LNG terminals, and develops, constructs, and operates liquefaction projects near Corpus Christi, Texas.

This May, Cheniere Energy, Inc. (NYSE:LNG) reported earnings for the fiscal first quarter of 2022. The company reported revenues of $7.48 billion, an increase of 142.20% on a year-over-year basis, and surpassed market forecasts by $1.92 billion.

On May 23, RBC Capital analyst Elvira Scotto raised the price target on Cheniere Energy, Inc. (NYSE:LNG) to $178 from $151 and maintained an Outperform rating on the shares after its Q1 results. While it remains well-positioned to benefit from growing demand for liquefied natural gas globally, he adds that in the near- term, given its open capacity, the company should benefit from strong margins as well.

According to Insider Monkey’s database, 62 hedge funds held stakes in Cheniere Energy, Inc. (NYSE:LNG) at the end of the first quarter of 2022. The total value of these stakes was approximately $3.2 billion. This is compared to 52 hedge funds in the fourth quarter of 2021 with stakes of $3.38 billion. Carl Icahn’s Icahn Capital LP is the most prominent shareholder in Cheniere Energy, Inc. (NYSE:LNG), owning more than 9.72 million shares of stock which amount to a stake of $1.34 billion.

ClearBridge Investments published its “Global Infrastructure Value Strategy” third-quarter 2021 investor letter, in which the firm mentioned Cheniere Energy, Inc. (NYSE:LNG). Here is what they said:

“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.”