Climate Activist Hedge Fund Engine No. 1 Is Buying These 5 Energy Stocks

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In this article, we discuss the 5 energy stocks climate activist hedge fund Engine No. 1 is buying. If you want to read our detailed analysis of these stocks, go directly to Climate Activist Hedge Fund Engine No. 1 Is Buying These 10 Energy Stocks.

5. Linde plc (NYSE: LIN)

Number of Hedge Fund Holders: 55    

Linde plc (NYSE: LIN) is placed fifth on our list of 10 energy stocks climate activist hedge fund Engine No. 1 is buying. The company has interests in the industrial gas business and is headquartered in the United Kingdom. According to the latest filings, Engine No. 1 owned 1,652 shares in the company at the end of the second quarter of 2021 worth $478,000, representing 0.13% of the portfolio. 

On August 3, investment advisory Wells Fargo maintained an Overweight rating on Linde plc (NYSE: LIN) stock and raised the price target to $360 from $340, noting that the firm was an earnings growth leader in the sector. 

At the end of the second quarter of 2021, 55 hedge funds in the database of Insider Monkey held stakes worth $5.9 billion in Linde plc (NYSE: LIN), up from 43 the preceding quarter worth $4.6 billion.

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