Aristeia Capital L.L.C. grew its holdings in shares of Venture Global, Inc. (NYSE:VG – Free Report) by 73.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,098,714 shares of the company’s stock after purchasing an additional 463,743 shares during the period. Aristeia Capital L.L.C.’s holdings in Venture Global were worth $7,493,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global in the 2nd quarter valued at $26,000. MAI Capital Management acquired a new stake in Venture Global during the 3rd quarter worth about $29,000. 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 purchasing an additional 3,500 shares during the period. Harbour Investments Inc. acquired a new stake in shares of Venture Global during the 4th quarter valued at about $29,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Venture Global by 217.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,230 shares of the company’s stock valued at $42,000 after acquiring an additional 4,268 shares during the period.
Venture Global Stock Performance
Shares of VG stock opened at $11.05 on Thursday. 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 moving average price of $12.77 and a 200 day moving average price of $10.83. The company has a market cap of $27.44 billion, a P/E ratio of 12.27, a PEG ratio of 0.48 and a beta of 0.27. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $19.50.
Venture Global Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.018 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.07 dividend on an annualized basis and a yield of 0.7%. Venture Global’s payout ratio is 7.78%.
Insider Activity at Venture Global
In other news, insider Thomas Earl sold 1,000,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $12.44, for a total value of $12,440,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Fory Musser sold 233,735 shares of the business’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 SEC filing for this sale provides additional information. Insiders sold 4,459,400 shares of company stock valued at $58,462,618 in the last ninety days. 84.24% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on VG shares. Wells Fargo & Company raised their price target on shares of Venture Global from $10.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 25th. Bank of America boosted 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. Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Royal Bank Of Canada lifted their price target on shares of Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, UBS Group lifted their target price on shares of Venture Global from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.94.
Check Out Our Latest Report on VG
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.
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