5 Favorite Stocks of Activist Billionaire Carl Icahn

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

Icahn Capital LP’s Stake Value: $1,639,820,000

Percentage of Icahn Capital LP’s 13F Portfolio: 7.35%

Number of Hedge Fund Holders: 52

Cheniere Energy, Inc. (NYSE:LNG) was incorporated in 1983 and is headquartered in Houston, Texas. It operates as an energy infrastructure company in the United States. In the fourth quarter of 2021, Carl Icahn held more than 16 million Cheniere Energy, Inc. (NYSE:LNG) shares, worth $1.6 billion, representing 7.35% of the total 13F securities. 

On April 26, Cheniere Energy, Inc. (NYSE:LNG) declared a $0.33 per share quarterly dividend, in line with previous. The dividend is payable on May 17, for shareholders of record on May 10. 

Cheniere Energy, Inc. (NYSE:LNG)’s full-year revenue for 2021 stood at $17.5 billion, compared to $9.2 billion in the last year. The net loss in 2021 increased to $2.3 billion from $85 million in 2020. 

Barclays analyst Marc Solecitto on March 14 raised the price target on Cheniere Energy, Inc. (NYSE:LNG) to $160 from $131 and kept an Overweight rating on the shares. The analyst noted that sentiment around natural gas “notably improved” and recent management conversations centered around the “robust” liquefied natural gas macro backdrop, growth outlook, and capital allocation. 

According to Insider Monkey’s Q4 data, Cheniere Energy, Inc. (NYSE:LNG) was found in the public stock portfolios of 52 hedge funds, compared to 49 funds in the earlier quarter. Michael Lowenstein’s Kensico Capital is a notable shareholder of the company, with 2.3 million shares worth $241.5 million. 

Here is what ClearBridge Global Infrastructure Value Strategy has to say about Cheniere Energy, Inc. (NYSE:LNG) in its Q3 2021 investor letter:

“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.”