5 Stocks to Invest in According to Kenneth Squire’s 13D Management

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

13D Management Stake Value: $15,025,000
Percentage of 13D Management’s 13F Portfolio: 5.59%
Number of Hedge Fund Holders: 49

Cheniere Energy, Inc. (NYSE:LNG) is a liquefied natural gas (LNG) firm. On November 17, Mizuho analyst Robert Mosca initiated coverage of Cheniere Energy with a “Buy rating” and gave a price target of $122.

Cheniere Energy announced in November that it signed a contractual deal to provide liquefied natural gas to Sinochem of China beginning in July 2022. Sinochem will acquire an initial amount of 900,000 metric tonnes per year, growing to 1.8 million metric tonnes per year over 17.5 years under the sale and purchase deal.

There were 49 hedge funds in our database that held stakes in Cheniere Energy, Inc. at the end of the second quarter, compared to 40 funds in the previous quarter.