5 Energy Stocks to Buy According to Blackstone Group

In this article, we discuss 5 energy stocks to buy according to Blackstone Group. If you want our detailed analysis of these stocks, go directly to 10 Energy Stocks to Buy According to Blackstone Group. 

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

Number of Hedge Fund Holders: 52

Percentage of Blackstone Group’s Portfolio: 3.01%

Cheniere Energy, Inc. (NYSE:LNG) stock represents 3.01% of Blackstone Group’s Q4 portfolio, and the institutional investor owns 11.85 million shares of the company, worth $1.20 billion. Cheniere Energy, Inc. (NYSE:LNG) is an energy infrastructure company that operates natural gas and liquefied natural gas businesses in the United States.

On January 25, Cheniere Energy, Inc. (NYSE:LNG) declared a quarterly dividend of $0.33 per share, in line with previous. The dividend is payable on February 28, to shareholders of record on February 7. 

Cheniere Energy, Inc. (NYSE:LNG) reported its Q4 results on February 24, announcing a loss per share of $2.65, missing consensus estimates by $4.43. Revenue over the period jumped 135.27% year-on-year to $6.56 billion, surpassing market predictions by $2.07 billion. 

Mizuho analyst Robert Mosca on February 25 raised the price target on Cheniere Energy, Inc. (NYSE:LNG) to $145 from $128 and kept a Buy rating on the shares. The analyst sees “potentially even more upside” for Cheniere Energy, Inc. (NYSE:LNG) with Russia invading Ukraine. He also expects Cheniere Energy, Inc. (NYSE:LNG) to deliver on its capital allocation objectives much faster than anticipated.

Among the hedge funds tracked by Insider Monkey, 52 funds were bullish on Cheniere Energy, Inc. (NYSE:LNG), up from 49 funds in the prior quarter. Icahn Capital LP is the largest stakeholder of Cheniere Energy, Inc. (NYSE:LNG), owning more than 16 million shares worth $1.6 billion. 

Here is what ClearBridge Global Infrastructure Value Strategy has to say about Cheniere Energy, Inc. (NYSE:LNG) in its Q3 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.”