Northwestern Mutual Wealth Management Co. increased its position in shares of Venture Global, Inc. (NYSE:VG – Free Report) by 5,892.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 101,864 shares of the company’s stock after acquiring an additional 100,164 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Venture Global were worth $695,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its position in Venture Global by 1,750.0% during the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after acquiring an additional 3,500 shares during the last quarter. MAI Capital Management bought a new stake in Venture Global during the 3rd quarter worth $29,000. Harbour Investments Inc. bought a new stake in Venture Global during the 4th quarter worth $29,000. CWM LLC grew its position in Venture Global by 24.1% during the 4th quarter. CWM LLC now owns 7,014 shares of the company’s stock worth $48,000 after acquiring an additional 1,363 shares during the last quarter. Finally, Amplify Investments LLC grew its position in Venture Global by 21.4% during the 4th quarter. Amplify Investments LLC now owns 9,112 shares of the company’s stock worth $62,000 after acquiring an additional 1,608 shares during the last quarter.
Insiders Place Their Bets
In related news, VP Fory Musser sold 233,735 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $12.61, for a total transaction of $2,947,398.35. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jonathan W. Thayer sold 111,111 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $14.27, for a total value of $1,585,553.97. The SEC filing for this sale provides additional information. Insiders have sold 8,000,923 shares of company stock worth $113,781,388 in the last quarter. 84.24% of the stock is currently owned by company insiders.
Venture Global Stock Down 3.0%
Venture Global (NYSE:VG – Get Free Report) last announced its earnings results on Monday, May 11th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The company had revenue of $4.60 billion for the quarter. The business’s revenue for the quarter was up 58.9% on a year-over-year basis. On average, analysts anticipate that Venture Global, Inc. will post 1.46 EPS for the current year.
Venture Global Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.018 per share. The ex-dividend date is Monday, June 15th. This represents a $0.07 annualized dividend and a dividend yield of 0.6%. Venture Global’s dividend payout ratio is presently 7.78%.
Analyst Ratings Changes
Several research analysts have commented on the company. Bank of America lifted their target price on Venture Global from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, March 20th. The Goldman Sachs Group set a $18.00 target price on Venture Global in a report on Thursday, May 14th. New Street Research set a $15.00 target price on Venture Global in a report on Tuesday, March 3rd. Raymond James Financial reaffirmed an “outperform” rating and set a $16.00 target price on shares of Venture Global in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada lifted their target price on Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.31.
Get Our Latest Research 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.
Featured Stories
- Five stocks we like better than Venture Global
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Receive News & Ratings for Venture Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Venture Global and related companies with MarketBeat.com's FREE daily email newsletter.
