Vanguard Group Inc. Reduces Stock Position in Venture Global, Inc. $VG

Vanguard Group Inc. lowered its stake in shares of Venture Global, Inc. (NYSE:VGFree Report) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,270,795 shares of the company’s stock after selling 591,577 shares during the period. Vanguard Group Inc. owned 0.91% of Venture Global worth $151,887,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Venture Global during the second quarter worth $76,489,000. WINTON GROUP Ltd purchased a new stake in shares of Venture Global during the third quarter worth $13,632,000. Alps Advisors Inc. purchased a new stake in shares of Venture Global during the third quarter worth $13,413,000. Two Sigma Investments LP raised its position in shares of Venture Global by 2,706.0% in the third quarter. Two Sigma Investments LP now owns 870,543 shares of the company’s stock worth $12,353,000 after buying an additional 839,519 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Venture Global in the third quarter worth $11,392,000.

Venture Global Stock Up 1.6%

VG opened at $11.64 on Tuesday. The stock has a market cap of $28.59 billion, a PE ratio of 13.53, a P/E/G ratio of 0.84 and a beta of 0.44. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 3.24. Venture Global, Inc. has a 52 week low of $5.72 and a 52 week high of $19.50. The business’s fifty day simple moving average is $13.30 and its 200 day simple moving average is $9.91.

Venture Global (NYSE:VGGet Free Report) last released its earnings results on Monday, May 11th. The company reported $0.19 EPS for the quarter. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The business had revenue of $4.60 billion for the quarter. As a group, research analysts expect that Venture Global, Inc. will post 1.31 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a dividend of $0.018 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, March 16th. Venture Global’s payout ratio is 8.14%.

Analyst Ratings Changes

VG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. New Street Research set a $15.00 price objective on Venture Global in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. reduced their target price on Venture Global from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Scotiabank increased their target price on Venture Global from $11.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 16th. Finally, Mizuho increased their target price on Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.83.

Get Our Latest Stock Report on Venture Global

Insiders Place Their Bets

In related news, CAO Sarah Blake sold 200,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $16.00, for a total value of $3,200,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jonathan W. Thayer sold 111,111 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $11.89, for a total value of $1,321,109.79. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,094,446 shares of company stock valued at $84,601,768 over the last three months. Company insiders own 84.24% of the company’s stock.

Venture Global Profile

(Free Report)

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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Institutional Ownership by Quarter for Venture Global (NYSE:VG)

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