Venture Global, Inc. (NYSE:VG) Receives $17.00 Consensus Price Target from Analysts

Shares of Venture Global, Inc. (NYSE:VG) have earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $17.00.

A number of analysts have commented on the stock. Scotiabank increased their price objective on shares of Venture Global from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. Bank of America raised their target price on Venture Global from $12.00 to $18.50 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. raised their price objective on shares of Venture Global from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. UBS Group upgraded shares of Venture Global from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Monday, August 25th. Finally, Johnson Rice started coverage on shares of Venture Global in a research note on Tuesday, June 17th. They issued a “buy” rating and a $20.00 price target for the company.

Venture Global Price Performance

Shares of NYSE VG opened at $13.94 on Wednesday. The firm has a 50-day simple moving average of $13.68 and a 200-day simple moving average of $12.81. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38. Venture Global has a 52 week low of $6.75 and a 52 week high of $25.50.

Venture Global Increases Dividend

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

Insider Activity at Venture Global

In other news, insider Thomas Earl sold 840,076 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $13.74, for a total transaction of $11,542,644.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 1,500,000 shares of company stock valued at $20,561,011. Corporate insiders own 86.73% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VG. Allianz Asset Management GmbH acquired a new stake in shares of Venture Global during the first quarter valued at about $3,547,294,000. Vanguard Group Inc. acquired a new stake in Venture Global in the 1st quarter valued at approximately $125,788,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Venture Global in the second quarter valued at approximately $76,489,000. Deutsche Bank AG acquired a new position in Venture Global during the first quarter worth $37,798,000. Finally, Millennium Management LLC acquired a new stake in shares of Venture Global in the first quarter valued at $32,099,000.

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.