Fort Washington Investment Advisors Inc. OH Invests $1.26 Million in Venture Global, Inc. $VG

Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Venture Global, Inc. (NYSE:VGFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 184,868 shares of the company’s stock, valued at approximately $1,261,000.

A number of other hedge funds have also recently added to or reduced their stakes in VG. Vanguard Group Inc. increased its position in Venture Global by 147.4% during the 3rd 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Venture Global during the 2nd quarter worth approximately $76,489,000. Mather Group LLC. lifted its holdings in shares of Venture Global by 171.9% in the 3rd quarter. Mather Group LLC. now owns 460,000 shares of the company’s stock valued at $6,527,000 after buying an additional 1,100,000 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Venture Global in the third quarter valued at approximately $13,632,000. Finally, Alps Advisors Inc. purchased a new stake in shares of Venture Global in the third quarter valued at approximately $13,413,000.

Insider Buying and Selling

In other news, insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $11.83, for a total value of $11,830,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Fory Musser sold 1,000,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $10.90, for a total value of $10,900,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 5,872,223 shares of company stock worth $82,002,870. 86.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

VG has been the subject of several research analyst reports. Citigroup increased their price objective on Venture Global from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Wall Street Zen upgraded shares of Venture Global from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. The Goldman Sachs Group upped their price target on shares of Venture Global from $15.00 to $18.50 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. New Street Research set a $15.00 price target on shares of Venture Global in a report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Venture Global from $11.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Venture Global has an average rating of “Hold” and a consensus price target of $15.70.

Read Our Latest Report on VG

More Venture Global News

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Venture Global Stock Up 4.1%

Shares of NYSE VG opened at $17.51 on Friday. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $19.50. The company has a market capitalization of $43.01 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.54 and a beta of 5.70. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.93 and a quick ratio of 0.87. The firm’s 50-day moving average is $11.14 and its two-hundred day moving average is $9.83.

Venture Global (NYSE:VGGet Free Report) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. Venture Global had a net margin of 18.38% and a return on equity of 27.96%. The business had revenue of $4.45 billion during the quarter. Venture Global’s revenue for the quarter was up 191.7% on a year-over-year basis. Equities analysts anticipate that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.018 per share. The ex-dividend date of this dividend is Monday, March 16th. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a yield of 0.4%. Venture Global’s dividend payout ratio (DPR) is 8.14%.

Venture Global Profile

(Free Report)

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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Institutional Ownership by Quarter for Venture Global (NYSE:VG)

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