Venture Global, Inc. (NYSE:VG – Get Free Report) VP Fory Musser sold 22,013 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $14.02, for a total transaction of $308,622.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Fory Musser also recently made the following trade(s):
- On Friday, August 14th, Fory Musser sold 447,534 shares of Venture Global stock. The shares were sold at an average price of $14.02, for a total transaction of $6,274,426.68.
- On Tuesday, May 26th, Fory Musser sold 266,265 shares of Venture Global stock. The shares were sold at an average price of $13.09, for a total value of $3,485,408.85.
- On Wednesday, May 27th, Fory Musser sold 233,735 shares of Venture Global stock. The stock was sold at an average price of $12.61, for a total value of $2,947,398.35.
Venture Global Trading Up 3.4%
VG opened at $14.21 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 3.44. The stock’s fifty day moving average is $12.60 and its two-hundred day moving average is $12.48. The company has a market capitalization of $35.32 billion, a P/E ratio of 11.19, a PEG ratio of 0.59 and a beta of 0.22. Venture Global, Inc. has a 52 week low of $5.72 and a 52 week high of $17.62.
Venture Global Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 15th. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s dividend payout ratio (DPR) is currently 5.51%.
Analysts Set New Price Targets
VG has been the subject of several research reports. Wells Fargo & Company upped their price target on shares of Venture Global from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Sanford C. Bernstein initiated coverage on shares of Venture Global in a report on Tuesday, June 16th. They set a “market perform” rating and a $14.00 price objective on the stock. Scotiabank boosted their price objective 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. Mizuho upped their target price on Venture Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Finally, US Capital Advisors set a $13.00 target price on Venture Global in a research report on Friday, May 29th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.12.
Read Our Latest Stock Report on VG
Institutional Trading of Venture Global
A number of institutional investors have recently modified their holdings of VG. Royal Bank of Canada bought a new position in shares of Venture Global during the 1st quarter worth approximately $2,150,000. Integrated Wealth Concepts LLC acquired a new stake in Venture Global in the first quarter valued at approximately $152,000. NewEdge Advisors LLC acquired a new stake in Venture Global in the first quarter valued at approximately $460,000. Northwestern Mutual Wealth Management Co. purchased a new position in Venture Global in the second quarter worth $26,000. Finally, Amundi purchased a new position in Venture Global in the second quarter worth $213,000.
About Venture Global
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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