Sei Investments Co. raised its holdings in Venture Global, Inc. (NYSE:VG – Free Report) by 21.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 225,681 shares of the company’s stock after buying an additional 39,229 shares during the quarter. Sei Investments Co.’s holdings in Venture Global were worth $3,557,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of VG. Royal Bank of Canada bought a new stake in shares of Venture Global in the 1st quarter valued at $2,150,000. Integrated Wealth Concepts LLC acquired a new position in shares of Venture Global during the 1st quarter valued at $152,000. NewEdge Advisors LLC bought a new position in Venture Global during the first quarter worth $460,000. Northwestern Mutual Wealth Management Co. bought a new position in Venture Global during the second quarter worth $26,000. Finally, Amundi acquired a new stake in Venture Global in the second quarter worth $213,000.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Venture Global from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $16.00 to $17.00 in a research note on Thursday, June 4th. Morgan Stanley increased their price objective on shares of Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada raised their target price on Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Weiss Ratings downgraded Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, July 20th. Finally, Scotiabank upped their price target on Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.06.
Venture Global Stock Performance
Shares of VG stock opened at $13.53 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. The firm has a fifty day simple moving average of $12.42 and a two-hundred day simple moving average of $12.22. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $17.62. The firm has a market capitalization of $33.61 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 0.55 and a beta of 0.22.
Venture Global (NYSE:VG – Get Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The firm had revenue of $4.60 billion for the quarter. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The firm’s revenue for the quarter was up 58.9% compared to the same quarter last year. Analysts forecast that Venture Global, Inc. will post 1.51 EPS for the current fiscal year.
Venture Global Announces Dividend
The firm 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 annualized dividend and a yield of 0.5%. Venture Global’s dividend payout ratio (DPR) is presently 7.78%.
Insider Buying and Selling
In other Venture Global news, CFO Jonathan W. Thayer sold 111,111 shares of Venture Global stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $14.21, for a total transaction of $1,578,887.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Earl sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $12.44, for a total value of $12,440,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,459,399 shares of company stock worth $58,670,384 over the last 90 days. Company insiders own 84.24% of the company’s stock.
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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