5 High Growth Energy Stocks To Buy

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

Number of Hedge Fund Holders: 70

Quarterly Revenue Growth YoY as of September 29, 2022: 176.60%

Cheniere Energy, Inc. (NYSE:LNG) is a Texas-based energy infrastructure company engaged in the liquefied natural gas businesses in the United States. On January 27, Cheniere Energy, Inc. (NYSE:LNG) declared a quarterly dividend of $0.395 per share, in line with previous. The dividend is payable on February 27, to shareholders of record on February 7. In Q3 2022, the company’s revenue of $8.85 billion climbed 176.6% year-over-year, beating Wall Street estimates by $890 million. 

On January 25, Mizuho analyst Robert Mosca maintained a Buy recommendation on Cheniere Energy, Inc. (NYSE:LNG) but lowered the firm’s price target on the shares to $195 from $208. The analyst believes that Cheniere Energy, Inc. (NYSE:LNG)’s contracted business is strong enough to support a premium valuation, and the current share price represents a good opportunity for investors to enter the market, as the company’s growth outlook remains virtually unchanged.

According to Insider Monkey’s third quarter database, 70 hedge funds were bullish on Cheniere Energy, Inc. (NYSE:LNG), compared to 65 funds in the prior quarter. Robert Pitts’ Steadfast Capital Management is the leading stakeholder of the company, with 2.28 million shares worth $380 million. 

TimesSquare Capital made the following comment about Cheniere Energy, Inc. (NYSE:LNG) in its Q3 2022 investor letter:

“In the Energy sector, we continued to see the impact of Europe’s natural gas challenges as they diversify away from Russian supplies. Cheniere Energy, Inc. (NYSE:LNG) is an energy infrastructure company that operates liquefied natural gas terminals in Louisiana and Texas. A blowout second quarter and an increase to profit guidance boosted the stock price by 25%. Natural gas prices are likely to remain elevated for years given the situation in Europe.”

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