Forefront Wealth Management Inc. Buys 23,600 Shares of Venture Global, Inc. $VG

Forefront Wealth Management Inc. grew its position in shares of Venture Global, Inc. (NYSE:VG) by 25.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 114,689 shares of the company’s stock after acquiring an additional 23,600 shares during the quarter. Venture Global makes up 1.4% of Forefront Wealth Management Inc.’s holdings, making the stock its 27th largest holding. Forefront Wealth Management Inc.’s holdings in Venture Global were worth $1,787,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VG. Exchange Traded Concepts LLC purchased a new stake in Venture Global during the first quarter valued at $1,316,000. Burkehill Global Management LP bought a new stake in shares of Venture Global during the 1st quarter valued at about $10,300,000. Benjamin Edwards Inc. purchased a new stake in shares of Venture Global during the 1st quarter valued at about $206,000. KG&L Capital Management LLC bought a new position in shares of Venture Global in the 1st quarter worth approximately $359,000. Finally, Vanguard Group Inc. purchased a new position in shares of Venture Global in the first quarter worth approximately $125,788,000.

Insider Buying and Selling

In related news, insider Thomas Earl sold 840,076 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $13.74, for a total value of $11,542,644.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 1,500,000 shares of company stock valued at $20,561,011. 86.73% of the stock is currently owned by insiders.

Venture Global Trading Up 0.4%

Shares of Venture Global stock opened at $14.81 on Monday. Venture Global, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $25.50. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 3.38. The company has a fifty day moving average of $13.75 and a 200 day moving average of $12.71.

Venture Global Increases Dividend

The firm also recently announced a half year 25 dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a dividend of $0.017 per share. This is a boost from Venture Global’s previous half year 25 dividend of $0.02. The ex-dividend date of this dividend is Friday, September 19th. This represents a yield of 50.0%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen raised shares of Venture Global from a “sell” rating to a “hold” rating in a report on Saturday, June 28th. Deutsche Bank Aktiengesellschaft raised shares of Venture Global from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday, August 28th. UBS Group upgraded Venture Global from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Monday, August 25th. Scotiabank lifted their target price on Venture Global from $13.00 to $16.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 15th. Finally, Tudor Pickering upgraded Venture Global to a “hold” rating in a research report on Tuesday, September 2nd. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.