TD Asset Management Inc Makes New $326,000 Investment in Venture Global, Inc. $VG

TD Asset Management Inc purchased a new position in shares of Venture Global, Inc. (NYSE:VG) during the second quarter, HoldingsChannel reports. The firm purchased 20,901 shares of the company’s stock, valued at approximately $326,000.

Other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc acquired a new position in Venture Global during the second quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in Venture Global during the second quarter worth approximately $47,000. CWM LLC increased its position in Venture Global by 278.4% during the second quarter. CWM LLC now owns 6,050 shares of the company’s stock worth $94,000 after buying an additional 4,451 shares during the last quarter. Federated Hermes Inc. acquired a new position in Venture Global during the first quarter worth approximately $74,000. Finally, Adalta Capital Management LLC acquired a new position in Venture Global during the first quarter worth approximately $103,000.

Analysts Set New Price Targets

VG has been the topic of a number of recent analyst reports. Scotiabank lowered their price target on Venture Global from $16.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Friday, October 17th. Tudor Pickering raised Venture Global to a “hold” rating in a research report on Tuesday, September 2nd. UBS Group raised 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Venture Global in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Venture Global from a “sell” rating to a “hold” rating in a research report on Saturday, June 28th. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.31.

Insider Transactions at Venture Global

In related news, insider Thomas Earl sold 500,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was 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 SEC, which is accessible through this link. Insiders sold a total of 1,500,000 shares of company stock worth $20,561,011 over the last 90 days. Corporate insiders own 86.73% of the company’s stock.

Venture Global Stock Performance

Shares of NYSE:VG opened at $9.62 on Friday. Venture Global, Inc. has a 1 year low of $6.75 and a 1 year high of $25.50. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.39 and a quick ratio of 1.33. The business’s 50 day simple moving average is $12.61 and its 200 day simple moving average is $12.81.

Venture Global Increases Dividend

The business 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. This is an increase from Venture Global’s previous half year 25 dividend of $0.02. This represents a yield of 50.0%. The ex-dividend date of this dividend was Friday, September 19th.

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.