Brokerages Set Venture Global, Inc. (NYSE:VG) Target Price at $16.31

Venture Global, Inc. (NYSE:VG) has been given a consensus rating of “Hold” by the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $16.3077.

A number of equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Venture Global in a research report on Wednesday, October 8th. Mizuho reissued a “neutral” rating and issued a $12.00 price objective (down previously from $17.00) on shares of Venture Global in a report on Friday, October 10th. Tudor Pickering raised Venture Global to a “hold” rating in a report on Tuesday, September 2nd. Scotiabank cut their price objective on Venture Global from $16.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, October 17th. Finally, Wells Fargo & Company increased their price objective on Venture Global from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th.

Venture Global Trading Up 0.3%

NYSE:VG opened at $9.39 on Friday. Venture Global has a twelve month low of $6.75 and a twelve month 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 business has a 50 day moving average price of $12.44 and a two-hundred day moving average price of $12.90. The company has a market cap of $22.79 billion and a P/E ratio of 14.90.

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 issued a $0.017 dividend. This represents a dividend yield of 50.0%. The ex-dividend date of this dividend was Friday, September 19th. This is a boost from Venture Global’s previous half year 25 dividend of $0.02. Venture Global’s payout ratio is currently 11.11%.

Insider Activity at Venture Global

In other 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 value of $6,845,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, 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 Investors Weigh In On Venture Global

A number of large investors have recently added to or reduced their stakes in VG. Allianz Asset Management GmbH bought a new position in Venture Global during the 1st quarter worth $3,547,294,000. Vanguard Group Inc. bought a new position in Venture Global during the 1st quarter worth $125,788,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Venture Global during the 2nd quarter worth $76,489,000. Deutsche Bank AG bought a new position in Venture Global during the 1st quarter worth $37,798,000. Finally, Millennium Management LLC bought a new position in Venture Global during the 1st quarter worth $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.