Blair William & Co. IL Buys New Stake in Venture Global, Inc. $VG

Blair William & Co. IL bought a new stake in Venture Global, Inc. (NYSE:VG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,570 shares of the company’s stock, valued at approximately $367,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AdvisorNet Financial Inc bought a new stake in Venture Global in the second quarter valued at about $28,000. Future Financial Wealth Managment LLC bought a new stake in Venture Global during the second quarter worth about $47,000. Center for Financial Planning Inc. bought a new stake in Venture Global during the first quarter worth about $37,000. ORG Wealth Partners LLC bought a new stake in Venture Global during the first quarter worth about $60,000. Finally, Federated Hermes Inc. bought a new stake in Venture Global during the first quarter worth about $74,000.

Venture Global Stock Performance

Shares of NYSE:VG opened at $8.89 on Friday. Venture Global, Inc. has a 52 week low of $6.75 and a 52 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 50 day moving average price of $12.89 and a two-hundred day moving average price of $12.78.

Venture Global Increases Dividend

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

Insider Activity

In other news, insider Thomas Earl sold 500,000 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $13.69, for a total transaction of $6,845,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,500,000 shares of company stock worth $20,561,011 over the last ninety days. 86.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on VG. Mizuho reaffirmed a “neutral” rating and set a $12.00 price objective (down from $17.00) on shares of Venture Global in a research note on Friday, October 10th. Wells Fargo & Company upped their target price on shares of Venture Global from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 14th. 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 research report on Monday, August 25th. JPMorgan Chase & Co. upped their target price 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. Finally, Scotiabank reduced their target price on shares of Venture Global from $16.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Venture Global has a consensus rating of “Hold” and a consensus target price of $16.31.

About Venture Global

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.