Carl Icahn’s 2022 Portfolio: 4 Value Stock Picks

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

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

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

PE Ratio as of May 31: 7.02

Number of Hedge Fund Holders: 62

Cheniere Energy, Inc. (NYSE:LNG) operates as an energy infrastructure company, primarily involved in the liquefied natural gas (LNG) business in the United States. Cheniere Energy, Inc. (NYSE:LNG) is one of the favorite value stock picks of billionaire Carl Icahn. As of March 31, Icahn Capital owns over 9.7 million shares of Cheniere Energy, Inc. (NYSE:LNG) which bring its stakes to $1.34 billion. The investment covers 6.16% of Carl Icahn’s investment portfolio.

This May, Cheniere Energy, Inc. (NYSE:LNG) released earnings for the fiscal first quarter of 2022. The company registered an EPS of $7.53, beating Wall Street expectations by $3.87. Cheniere Energy, Inc. (NYSE:LNG) generated $7.48 billion in quarterly revenues, up 142.20% year over year, and outperformed market consensus by $1.92 billion. Moreover, as of May 31, Cheniere Energy, Inc. (NYSE:LNG) has gained 60.30% over the past twelve months and has a forward PE ratio of 7.02.

On May 23, RBC Capital analyst Elvira Scotto raised her price target on Cheniere Energy, Inc. (NYSE:LNG) to $178 from $151 and reiterated an Outperform rating on the shares. The analyst views the company to be well-positioned to benefit from the growing global demand for liquefied natural gas. 

Insider Monkey found 62 hedge funds bullish on Cheniere Energy, Inc. (NYSE:LNG) at the end of the first quarter of 2022. The total stakes of these hedge funds were valued at $3.20 billion. This is compared to 52 positions in the previous quarter with stakes worth $3.38 billion.

ClearBridge Investments mentioned Cheniere Energy, Inc. (NYSE:LNG) in its third-quarter 2021 investor letter, here is what the firm 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.”