DJE Kapital AG purchased a new stake in Venture Global, Inc. (NYSE:VG – Free Report) in the first quarter, HoldingsChannel.com reports. The fund purchased 54,100 shares of the company’s stock, valued at approximately $880,000.
A number of other large investors have also recently bought and sold shares of VG. Royal Bank of Canada acquired a new position in shares of Venture Global in the 1st quarter valued at approximately $2,150,000. Integrated Wealth Concepts LLC bought a new position in Venture Global in the first quarter valued at approximately $152,000. NewEdge Advisors LLC acquired a new position in Venture Global during the first quarter valued at approximately $460,000. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global during the second quarter worth $26,000. Finally, Amundi acquired a new stake in shares of Venture Global in the 2nd quarter valued at $213,000.
Venture Global Trading Up 3.6%
VG opened at $14.29 on Tuesday. Venture Global, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $17.62. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. The firm has a market capitalization of $35.51 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 0.56 and a beta of 0.33. The company’s 50 day moving average price is $12.43 and its two-hundred day moving average price is $11.67.
Venture Global Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.018 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.07 annualized dividend and a yield of 0.5%. Venture Global’s payout ratio is presently 7.78%.
Insider Buying and Selling
In other Venture Global news, VP Fory Musser sold 2,000,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $13.09, for a total value of $26,180,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Brian Cothran sold 473,533 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $14.81, for a total value of $7,013,023.73. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,348,288 shares of company stock valued at $57,091,496 over the last 90 days. 84.24% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on VG shares. JPMorgan Chase & Co. raised Venture Global from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $16.00 to $17.00 in a report on Thursday, June 4th. Zacks Research raised Venture Global from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company lifted their target price on Venture Global from $10.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 25th. Raymond James Financial reissued an “outperform” rating and set a $16.00 target price on shares of Venture Global in a research note on Wednesday, May 20th. Finally, Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Venture Global has a consensus rating of “Moderate Buy” and a consensus target price of $15.94.
View Our Latest Stock Report on Venture Global
Venture Global Company 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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