Venture Global, Inc. (NYSE:VG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Venture Global, Inc. (NYSE:VG) have earned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $16.1333.

Several brokerages have commented on VG. US Capital Advisors set a $13.00 price objective on shares of Venture Global in a research report on Friday, May 29th. Scotiabank raised their price objective on Venture Global from $15.00 to $16.00 and gave the company a “sector perform” rating in a research note on Thursday, September 10th. Zacks Research upgraded Venture Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 10th. Mizuho lifted their price target on shares of Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company increased 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 note on Wednesday, August 12th.

Venture Global Stock Performance

Shares of NYSE VG opened at $14.07 on Wednesday. The stock has a market capitalization of $35.18 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.56 and a beta of 0.26. Venture Global has a 52 week low of $5.72 and a 52 week high of $17.62. The stock has a 50 day moving average price of $14.04 and a 200 day moving average price of $13.29. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.11 and a current ratio of 1.19.

Venture Global (NYSE:VG) last issued its earnings results on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. The business had revenue of $4.58 billion during the quarter. Analysts predict that Venture Global will post 1.69 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.1%. This is a boost from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, September 15th. Venture Global’s dividend payout ratio (DPR) is currently 12.60%.

Insider Activity at Venture Global

In other news, CAO Sarah Blake sold 1,000,000 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $14.02, for a total transaction of $14,020,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Fory Musser sold 259,413 shares of Venture Global stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $14.26, for a total transaction of $3,699,229.38. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,382,442 shares of company stock worth $33,642,249 over the last 90 days. 84.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Venture Global

Hedge funds have recently made changes to their positions in the stock. LRI Investments LLC acquired a new stake in Venture Global during the 2nd quarter valued at approximately $28,000. Harbour Investments Inc. bought a new stake in Venture Global during the fourth quarter valued at $29,000. Rockefeller Capital Management L.P. grew its holdings in Venture Global by 218.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after acquiring an additional 3,031 shares during the period. IFP Advisors Inc bought a new stake in shares of Venture Global during the 2nd quarter valued at about $31,000. Finally, AdvisorNet Financial Inc boosted its position in shares of Venture Global by 67.5% during the 1st quarter. AdvisorNet Financial Inc now owns 4,480 shares of the company’s stock valued at $71,000 after purchasing an additional 1,805 shares in the last quarter.

About Venture Global

Venture Global, Inc is a liquefied natural gas (LNG) company that develops, constructs and operates LNG export facilities in the United States. The company sources natural gas from domestic markets, liquefies it at its coastal facilities and supplies LNG to customers in international markets.

Venture Global’s operating and development portfolio is concentrated along the U.S. Gulf Coast. Its Calcasieu Pass LNG facility in Louisiana has entered commercial operations, while its Plaquemines LNG project in Louisiana is being developed and brought into service.