Chicago Partners Investment Group LLC Grows Holdings in Venture Global, Inc. $VG

Chicago Partners Investment Group LLC raised its position in Venture Global, Inc. (NYSE:VG) by 60.8% in the second quarter, Holdings Channel reports. The institutional investor owned 22,963 shares of the company’s stock after purchasing an additional 8,685 shares during the period. Chicago Partners Investment Group LLC’s holdings in Venture Global were worth $339,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VG. Allianz Asset Management GmbH purchased a new position in Venture Global in the first quarter valued at $3,547,294,000. Vanguard Group Inc. purchased a new position in Venture Global in the first quarter valued at $125,788,000. Deutsche Bank AG purchased a new stake in shares of Venture Global during the first quarter worth about $37,798,000. Millennium Management LLC purchased a new stake in shares of Venture Global during the first quarter worth about $32,099,000. Finally, Tortoise Capital Advisors L.L.C. purchased a new stake in shares of Venture Global during the first quarter worth about $28,673,000.

Venture Global Price Performance

VG opened at $9.62 on Friday. Venture Global, Inc. has a twelve month low of $6.75 and a twelve month high of $25.50. The firm’s 50-day moving average price is $12.61 and its 200 day moving average price is $12.81. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39.

Venture Global Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Scotiabank cut their target price on shares of Venture Global from $16.00 to $13.00 and set a “sector perform” rating for the company in a research note on Friday, October 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Venture Global in a research note on Wednesday, October 8th. Tudor Pickering raised shares of Venture Global to a “hold” rating in a research note on Tuesday, September 2nd. UBS Group raised shares of Venture Global from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Monday, August 25th. Finally, Mizuho reissued a “neutral” rating and set a $12.00 target price (down previously from $17.00) on shares of Venture Global in a research note on Friday, October 10th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Venture Global has an average rating of “Hold” and an average target price of $16.31.

Insiders Place Their Bets

In related news, insider Thomas Earl sold 840,076 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $13.74, for a total transaction of $11,542,644.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 1,500,000 shares of company stock worth $20,561,011 in the last quarter. Insiders own 86.73% of the company’s stock.

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.