Venture Global, Inc. (NYSE:VG – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $16.1250.
A number of brokerages have weighed in on VG. The Goldman Sachs Group set a $18.00 price objective on Venture Global in a report on Thursday, May 14th. Morgan Stanley increased their target price on shares of Venture Global from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Zacks Research downgraded shares of Venture Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings lowered shares of Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. Finally, Sanford C. Bernstein began coverage on shares of Venture Global in a research note on Tuesday, June 16th. They set a “market perform” rating and a $14.00 price objective for the company.
Read Our Latest Stock Analysis on Venture Global
Insiders Place Their Bets
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC boosted its position in shares of Venture Global by 3.8% during the 2nd quarter. Ancora Advisors LLC now owns 27,000 shares of the company’s stock valued at $301,000 after acquiring an additional 1,000 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of Venture Global by 8.8% in the first quarter. Kestra Private Wealth Services LLC now owns 12,429 shares of the company’s stock valued at $196,000 after purchasing an additional 1,004 shares during the period. Federation des caisses Desjardins du Quebec increased its position in Venture Global by 11.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 12,254 shares of the company’s stock worth $84,000 after purchasing an additional 1,215 shares during the last quarter. CWM LLC raised its stake in Venture Global by 24.1% during the fourth quarter. CWM LLC now owns 7,014 shares of the company’s stock worth $48,000 after purchasing an additional 1,363 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Venture Global by 1.5% during the fourth quarter. Wells Fargo & Company MN now owns 93,615 shares of the company’s stock worth $638,000 after purchasing an additional 1,407 shares during the period.
Venture Global Stock Performance
NYSE VG opened at $14.39 on Friday. The company has a market cap of $35.99 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 0.59 and a beta of 0.22. The stock’s 50 day simple moving average is $12.72 and its 200-day simple moving average is $12.61. Venture Global has a 1-year low of $5.72 and a 1-year high of $17.62. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.19 and a quick ratio of 1.11.
Venture Global (NYSE:VG – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. Venture Global had a return on equity of 34.08% and a net margin of 21.24%.The firm had revenue of $4.58 billion during the quarter. As a group, equities research analysts anticipate that Venture Global will post 1.63 EPS for the current fiscal year.
Venture Global Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.16 annualized dividend and a dividend yield of 1.1%. This is an increase from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s payout ratio is presently 5.51%.
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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