5 LNG Stocks to Buy Amid Russia-West Energy Wars

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

Number of Hedge Fund Holders: 65

Cheniere Energy, Inc. (NYSE:LNG) is an energy infrastructure company that engages in liquefied natural gas businesses in the United States. On September 12, the company raised its guidance for the year. It expects 2022 consolidated adjusted EBITDA of $11 billion-$11.5 billion, versus a prior outlook of $9.8 billion-$10.3 billion. The 2022 distributable cash flow is now projected to be $8.1 billion-$8.6 billion, compared to an earlier guidance of $6.9 billion-$7.4 billion. Cheniere Energy, Inc. (NYSE:LNG) also boosted its stock buyback program by $4 billion and extended it for three more years, as well as approving a revised long-term capital allocation plan. 

On August 16, Barclays analyst Marc Solecitto raised the price target on Cheniere Energy, Inc. (NYSE:LNG) to $186 from $160 and reaffirmed an Overweight rating on the shares. Cheniere Energy, Inc. (NYSE:LNG) remains one of the firm’s favored picks due to the secular fundamental tailwinds supporting additional expansion, a conservative valuation, its defensive cash flow characteristics, and short-term catalysts, said the analyst. 

According to Insider Monkey’s data, Cheniere Energy, Inc. (NYSE:LNG) was part of 65 hedge fund portfolios at the end of the second quarter of 2022, up from 62 funds in the last quarter. Carl Icahn’s Icahn Capital LP is the biggest stakeholder of the company, with 5.6 million shares worth $746.5 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.”