New York-based alternative investment manager Blackstone Group is a market leader. 53.12 percent of its investments are in energy stocks, reflecting the company’s strong ties to the industry. As well as in the areas of healthcare and financial services as well as in the areas of real estate and utilities as well as telecommunications and healthcare. Hilton Worldwide was purchased by Blackstone in July 2007 for approximately $26 billion. Cheniere Energy Partners, L.P., FirstEnergy Corp., and Rivian Automotive, Inc. were the company’s top stock purchases in the fourth quarter of 2021.
Insider Monkey used the Q4 portfolio of Blackstone Group to select its top ten energy stock picks. During the fourth quarter, Targa Resources Corp. suffered a $335.4 million net loss. As a result, the company’s revenue climbed 111.7 percent to $5.44 billion. A total of 1.43% of the 13F securities are owned by the Blackstone Group. A range of $1.07-$1.13 per share in adjusted earnings per share was provided by PG&E Corporation for the fiscal year 2022. In the fourth quarter of 2021, Blackstone Group owned 47.5 million PG&E shares worth $577.60 million. Oil, natural gas, and natural gas liquids are produced across the United States by Chesapeake Energy Corporation, an Oklahoma-based company. Chapter 11 restructuring was completed in February 2021, and the company’s financial condition had significantly improved. Diamondback Energy, Inc. is owned by Blackstone Group, which owns over 10.5 million shares worth $1.14 billion as of Q4 2021, accounting for 2.86 percent of the 13F securities. It will be paid on March 11 to shareholders whose accounts were in good standing as of March 4th. Ohio-based FirstEnergy Corp. owns and operates coal, nuclear, hydroelectric, natural gas, wind and solar power facilities. For FirstEnergy Corp, Blackstone Group has a $1.19 billion stake worth 3% of the company’s total 13F securities. For more details, click 10 Energy Stocks To Buy According To Blackstone Group.