5 Energy Stocks to Buy According to Blackstone Group

1. Cheniere Energy Partners, L.P. (NYSE:CQP)

Number of Hedge Fund Holders: 3

Percentage of Blackstone Group’s Portfolio: 21.56%

Cheniere Energy Partners, L.P. (NYSE:CQP) is the largest holding in Blackstone Group’s Q4 portfolio, with the investment manager owning 203.78 million shares of the company, worth $8.60 billion, representing 21.56% of the fund’s 13F securities. Cheniere Energy Partners, L.P. (NYSE:CQP) is a liquefied natural gas company headquartered in Houston, Texas. 

On February 24, Cheniere Energy Partners, L.P. (NYSE:CQP) reported a Q4 GAAP EPS of $0.93, exceeding consensus estimates by $0.17. The company announced a revenue of $3.26 billion, up 63.8% year-over-year, surpassing by $710 million.

UBS analyst Brian Reynolds on February 1 downgraded Cheniere Energy Partners, L.P. (NYSE:CQP) to Neutral from Buy with a $50 price target. Following the stock’s 21% rally over the past six weeks, its risk-reward is now balanced, the analyst told investors in a research note. 

According to the Q4 database of Insider Monkey, 3 hedge funds were bullish on Cheniere Energy Partners, L.P. (NYSE:CQP), with total stakes amounting to $5.9 million. Citadel Investment Group was the biggest stakeholder of the company, with 115,491 shares worth $4.8 million.

You can also take a look at 10 Tech Stocks to Buy According to Nathan Przybylo’s L2 Asset Management and 10 Dividend Stocks to Buy According to Christian Leone’s Luxor Capital.

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