Here’s Why Cheniere Energy (LNG) Outperformed in the Third Quarter

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ClearBridge Investments, an investment management company, released its “ClearBridge Global Infrastructure Value Strategy” third quarter 2022 investor letter. A copy of the letter can be downloaded here. In the third quarter, the strategy outperformed the S&P Global Infrastructure Index. The stock selection in the electric, rail, and renewables sectors contributed positively to the fund’s performance. In contrast, stock selection in the water and airports sectors impacted the performance. In addition, please check the fund’s top five holdings to know its best picks in 2022.

ClearBridge Investments highlighted stocks like Cheniere Energy, Inc. (NYSE:LNG) in its Q3 2022 investor letter. Headquartered in Houston, Texas, Cheniere Energy, Inc. (NYSE:LNG) is energy infrastructure company. On November 22, 2022, Cheniere Energy, Inc. (NYSE:LNG) stock closed at $172.47 per share. One-month return of Cheniere Energy, Inc. (NYSE:LNG) was 1.88%, and its shares gained 60.49% of their value over the last 52 weeks. Cheniere Energy, Inc. (NYSE:LNG) has a market capitalization of $42.88 billion.

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

“Also in the U.S., Cheniere Energy, Inc. (NYSE:LNG) performed well. Cheniere is an energy infrastructure company that owns and operates U.S. liquefied natural gas export facilities along the U.S. Gulf Coast. Shares benefited from the continued tightness in global LNG markets as a result of Russia/Ukraine tensions as well as a well-received capital allocation announcement and Cheniere’s revising guidance above expectations.”

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Cheniere Energy, Inc. (NYSE:LNG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 70 hedge fund portfolios held Cheniere Energy, Inc. (NYSE:LNG) at the end of the third quarter, which was 65 in the previous quarter.

We discussed Cheniere Energy, Inc. (NYSE:LNG) in another article and shared the top stock picks of billionaire Ray Dalio. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.


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Disclosure: None. This article is originally published at Insider Monkey.

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