GSA Capital Partners LLP Invests $1.04 Million in Venture Global, Inc. $VG

GSA Capital Partners LLP acquired a new stake in Venture Global, Inc. (NYSE:VG) in the third quarter, HoldingsChannel.com reports. The fund acquired 73,222 shares of the company’s stock, valued at approximately $1,039,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Venture Global during the 2nd quarter valued at $26,000. UMB Bank n.a. increased its position in Venture Global by 161.2% during the 3rd quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock worth $42,000 after purchasing an additional 1,820 shares in the last quarter. Delos Wealth Advisors LLC bought a new position in shares of Venture Global in the 2nd quarter valued at $45,000. Allworth Financial LP acquired a new stake in shares of Venture Global during the second quarter valued at about $63,000. Finally, Future Financial Wealth Managment LLC grew its holdings in Venture Global by 66.7% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 5,000 shares of the company’s stock worth $71,000 after acquiring an additional 2,000 shares during the last quarter.

Insider Activity at Venture Global

In other news, insider Thomas Earl sold 1,000,000 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $6.89, for a total value of $6,890,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 86.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on VG shares. UBS Group cut their price target on shares of Venture Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $11.00 target price on shares of Venture Global in a research report on Wednesday, January 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $17.50 price target on shares of Venture Global in a research note on Monday, November 10th. Capital One Financial assumed coverage on Venture Global in a research report on Tuesday, November 4th. They set an “equal weight” rating and a $11.00 target price on the stock. Finally, Zacks Research upgraded Venture Global from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.11.

Venture Global Price Performance

NYSE:VG opened at $9.90 on Friday. Venture Global, Inc. has a 52-week low of $5.72 and a 52-week high of $19.50. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.77 and a current ratio of 0.83. The firm has a market capitalization of $24.24 billion and a price-to-earnings ratio of 12.69. The stock has a fifty day moving average of $8.17 and a 200 day moving average of $9.92.

Venture Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $0.017 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.07 dividend on an annualized basis and a yield of 0.7%. Venture Global’s dividend payout ratio is presently 8.97%.

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.