Artemis Investment Management LLP lifted its stake in shares of Venture Global, Inc. (NYSE:VG – Free Report) by 754.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,143,406 shares of the company’s stock after buying an additional 6,307,200 shares during the quarter. Artemis Investment Management LLP owned about 0.29% of Venture Global worth $90,293,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Venture Global by 135.6% in the 1st quarter. Bank of America Corp DE now owns 4,174,444 shares of the company’s stock worth $65,789,000 after acquiring an additional 2,402,771 shares during the last quarter. Catalyst Capital Advisors LLC raised its holdings in Venture Global by 1.7% during the 1st quarter. Catalyst Capital Advisors LLC now owns 2,918,823 shares of the company’s stock valued at $46,001,000 after acquiring an additional 47,425 shares during the period. Cohen & Steers Inc. lifted its holdings in Venture Global by 4.6% during the 4th quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock worth $33,849,000 after purchasing an additional 219,505 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Venture Global by 104.6% in the first quarter. Renaissance Technologies LLC now owns 2,046,840 shares of the company’s stock valued at $32,258,000 after acquiring an additional 1,046,300 shares during the period. Finally, Rubric Capital Management LP bought a new position in Venture Global in the 1st quarter valued at $23,640,000.
Insider Buying and Selling at Venture Global
In other news, CAO Sarah Blake sold 1,000,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $14.02, for a total value of $14,020,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jonathan W. Thayer sold 111,111 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $14.40, for a total transaction of $1,599,998.40. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,493,553 shares of company stock valued at $35,242,247 over the last quarter. Company insiders own 84.24% of the company’s stock.
Venture Global Stock Performance
Venture Global (NYSE:VG – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $4.58 billion for the quarter. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. On average, equities research analysts expect that Venture Global, Inc. will post 1.71 earnings per share for the current year.
Venture Global Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.2%. This is a positive change from Venture Global’s previous quarterly dividend of $0.0180. The ex-dividend date was Tuesday, September 15th. Venture Global’s dividend payout ratio (DPR) is currently 12.60%.
Analyst Ratings Changes
VG has been the topic of a number of research analyst reports. Zacks Research raised Venture Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 10th. Wells Fargo & Company boosted their price objective on shares of Venture Global from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Venture Global in a report on Wednesday. Scotiabank upped their target price on Venture Global from $15.00 to $16.00 and gave the stock a “sector perform” rating in a report on Thursday, September 10th. Finally, Mizuho increased their price target on shares of Venture Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Venture Global presently has an average rating of “Moderate Buy” and a consensus target price of $16.13.
Read Our Latest Analysis on Venture Global
Venture Global Profile
Venture Global, Inc (NYSE:VG) is a U.S. liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company’s business includes sourcing natural gas, processing and liquefying it, and delivering LNG to customers in international energy markets.
Venture Global’s principal operations are located along the U.S. Gulf Coast in Louisiana. Its Calcasieu Pass LNG facility began producing LNG in 2022, and the company is also developing the Plaquemines LNG facility near Port Sulphur, Louisiana.
See Also
- Five stocks we like better than Venture Global
- Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push
- This Space ETF Offers SpaceX Exposure—But Investors Are Paying for the Volatilit
- Does Lemonade’s Growth Signal Profits Ahead?
- These 3 ETFs Could Benefit From the Parts of Inflation That Won’t Go Away
Want to see what other hedge funds are holding VG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Venture Global, Inc. (NYSE:VG – Free Report).
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.
