12 Best Gas Stocks To Buy According to Hedge Funds

6. Cheniere Energy Inc. (NYSE:LNG)

Number of Hedge Fund Holders: 62

Cheniere Energy Inc. (NYSE:LNG) is a major producer and exporter of liquefied natural gas (LNG). As the second largest producer of LNG globally, the company plays a crucial role in meeting the rising demand for natural gas by providing a clean, secure, and affordable energy solution. Cheniere Energy Inc. (NYSE:LNG) operates major liquefaction facilities at Sabine Pass and Corpus Christi on the US Gulf Coast.

In September 2024, the company celebrated a significant milestone by loading its 1,000th LNG cargo for export at the Corpus Christi facility, which was delivered to Italy. Since 2016, Cheniere Energy Inc. (NYSE:LNG) has exported around 3,720 cargoes to approximately 40 different markets worldwide. This strong export performance highlights the company’s global reach and operational efficiency.

Cheniere Energy Inc. (NYSE:LNG) is also expanding its production capabilities. The company is progressing on the Corpus Christi Stage 3 project. The first LNG production from this expansion is expected by the end of 2024, with substantial completion anticipated in early 2025. This expansion will enhance Cheniere Energy Inc.’s (NYSE:LNG) total production capacity significantly.

In addition to its operational growth, the company has been actively managing its capital structure. In the third quarter of 2024, Cheniere Energy Inc. (NYSE:LNG) repurchased about 1.6 million shares for approximately $282 million and increased its quarterly dividend by 15% to $0.50 per share. Through the first nine months of 2024, the company has returned about $2 billion through share repurchases. Since launching its 2020 Vision Plan in September 2022, Cheniere Energy Inc. (NYSE:LNG) has repurchased around 10% of its outstanding shares. This commitment to returning value to shareholders demonstrates financial strength and confidence in future growth. With its leading position in the LNG market, ongoing expansions, and robust shareholder returns, Cheniere Energy Inc. (NYSE:LNG) represents a compelling investment opportunity for those looking to invest in the energy sector.