QRG Capital Management Inc. bought a new position in shares of Venture Global, Inc. (NYSE:VG – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 40,547 shares of the company’s stock, valued at approximately $639,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VG. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global in the second quarter worth $26,000. Blue Trust Inc. raised its stake in shares of Venture Global by 1,750.0% in the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after acquiring an additional 3,500 shares in the last quarter. Harbour Investments Inc. purchased a new position in Venture Global in the fourth quarter valued at $29,000. Rockefeller Capital Management L.P. boosted its holdings in Venture Global by 218.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after purchasing an additional 3,031 shares during the period. Finally, AdvisorNet Financial Inc grew its stake in Venture Global by 67.5% during the 1st quarter. AdvisorNet Financial Inc now owns 4,480 shares of the company’s stock worth $71,000 after purchasing an additional 1,805 shares in the last quarter.
Analysts Set New Price Targets
Several brokerages have weighed in on VG. US Capital Advisors set a $13.00 price target on Venture Global in a report on Friday, May 29th. Wells Fargo & Company boosted their price objective on Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 25th. JPMorgan Chase & Co. upgraded shares of Venture Global from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $16.00 to $17.00 in a research note on Thursday, June 4th. The Goldman Sachs Group set a $18.00 target price on shares of Venture Global in a report on Thursday, May 14th. Finally, Scotiabank lifted their price target on shares of Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Venture Global has an average rating of “Moderate Buy” and a consensus target price of $15.94.
Insider Activity at Venture Global
In other Venture Global news, CFO Jonathan W. Thayer sold 111,111 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $11.05, for a total value of $1,227,776.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Fory Musser sold 233,735 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $12.61, for a total value of $2,947,398.35. The SEC filing for this sale provides additional information. Insiders sold 4,570,511 shares of company stock valued at $59,690,394 in the last ninety days. 84.24% of the stock is currently owned by insiders.
Venture Global Stock Performance
Shares of Venture Global stock opened at $12.55 on Friday. The firm has a market capitalization of $31.17 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.55 and a beta of 0.33. Venture Global, Inc. has a 52 week low of $5.72 and a 52 week high of $18.18. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. The firm’s 50 day moving average is $12.31 and its two-hundred day moving average is $11.36.
Venture Global (NYSE:VG – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business had revenue of $4.60 billion during the quarter. The business’s revenue was up 58.9% on a year-over-year basis. Research analysts forecast that Venture Global, Inc. will post 1.44 EPS for the current fiscal year.
Venture Global Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.018 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.07 dividend on an annualized basis and a yield of 0.6%. Venture Global’s payout ratio is 7.78%.
Venture Global Profile
Venture Global (NYSE: VG) is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.
Venture Global’s core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.
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