Quotient Wealth Partners LLC Decreases Holdings in Venture Global, Inc. $VG

Quotient Wealth Partners LLC lowered its position in Venture Global, Inc. (NYSE:VG) by 57.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,903 shares of the company’s stock after selling 149,384 shares during the period. Quotient Wealth Partners LLC’s holdings in Venture Global were worth $1,716,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Venture Global by 147.4% during the third quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock worth $324,417,000 after purchasing an additional 13,620,863 shares during the last quarter. State Street Corp grew its holdings in Venture Global by 82.7% in the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock valued at $73,739,000 after purchasing an additional 4,893,707 shares during the last quarter. UBS Group AG grew its holdings in Venture Global by 520.8% in the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after purchasing an additional 5,268,053 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Venture Global by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock valued at $34,811,000 after buying an additional 273,331 shares in the last quarter. Finally, Cohen & Steers Inc. raised its stake in shares of 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 buying an additional 219,505 shares during the last quarter.

Analysts Set New Price Targets

Several research firms recently commented on VG. Bank of America boosted their price objective on shares of Venture Global from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. New Street Research set a $15.00 target price on shares of Venture Global in a research report on Tuesday, March 3rd. Wells Fargo & Company upped their price target on shares of Venture Global from $10.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, March 25th. Sanford C. Bernstein assumed coverage on shares of Venture Global in a research report on Tuesday. They issued a “market perform” rating and a $14.00 price target on the stock. Finally, Scotiabank lifted their price objective on Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.94.

Venture Global Price Performance

Shares of NYSE:VG opened at $10.99 on Friday. The company has a market cap of $27.31 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.48 and a beta of 0.27. The business has a fifty day simple moving average of $12.61 and a 200-day simple moving average of $10.85. Venture Global, Inc. has a 52 week low of $5.72 and a 52 week high of $19.50. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40.

Venture Global (NYSE:VG) last released its earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. The firm had revenue of $4.60 billion for the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The company’s revenue was up 58.9% compared to the same quarter last year. Equities research analysts forecast that Venture Global, Inc. will post 1.46 EPS for the current year.

Venture Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, June 15th. Venture Global’s dividend payout ratio is presently 7.78%.

Insider Activity at Venture Global

In related news, COO Brian Cothran sold 31,910 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $14.33, for a total value of $457,270.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $12.44, for a total transaction of $12,440,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,570,511 shares of company stock valued at $59,690,394 over the last three months. Insiders own 84.24% of the company’s stock.

Venture Global 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.