Venture Global, Inc. (NYSE:VG) Stock Has Consensus Price Target of $16.13 According to Brokerages

Shares of Venture Global, Inc. (NYSE:VG) have received a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $16.13.

A number of research analysts recently issued reports on VG shares. The Goldman Sachs Group restated a “buy” rating on shares of Venture Global in a research report on Friday. Scotiabank upped their price objective on Venture Global from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 10th. Sanford C. Bernstein initiated coverage on Venture Global in a research report on Tuesday, June 16th. They issued a “market perform” rating and a $14.00 target price on the stock. Wells Fargo & Company raised their target price on Venture Global from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Finally, Zacks Research upgraded Venture Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 10th.

Insiders Place Their Bets

In other Venture Global news, CAO Sarah Blake sold 1,000,000 shares of the business’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brian Cothran sold 152,660 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $16.15, for a total transaction of $2,465,459.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,493,553 shares of company stock worth $35,242,247. 84.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Venture Global

Large investors have recently made changes to their positions in the company. Artemis Investment Management LLP lifted its holdings in Venture Global by 754.3% in the third quarter. Artemis Investment Management LLP now owns 7,143,406 shares of the company’s stock worth $90,293,000 after purchasing an additional 6,307,200 shares during the period. Bank of America Corp DE grew its position in 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 valued at $65,789,000 after buying an additional 2,402,771 shares in the last quarter. Rubric Capital Management LP bought a new position in Venture Global in the 1st quarter valued at about $23,640,000. Bank of New York Mellon Corp acquired a new position in Venture Global during the 2nd quarter valued at about $14,230,000. Finally, Renaissance Technologies LLC increased its stake in Venture Global by 104.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,046,840 shares of the company’s stock valued at $32,258,000 after buying an additional 1,046,300 shares during the period.

Venture Global Stock Performance

Shares of VG stock opened at $13.85 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 3.44. The business has a 50 day moving average of $13.91 and a two-hundred day moving average of $13.26. Venture Global has a 52 week low of $5.72 and a 52 week high of $17.62. The company has a market cap of $34.61 billion, a P/E ratio of 10.34, a PEG ratio of 1.58 and a beta of 0.35.

Venture Global (NYSE:VG) last posted its earnings results on Monday, August 10th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $4.58 billion during the quarter. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. As a group, analysts anticipate that Venture Global will post 1.73 EPS for the current year.

Venture Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.04 per share. This is an increase from Venture Global’s previous quarterly dividend of $0.0180. This represents a $0.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 15th. Venture Global’s payout ratio is currently 12.60%.

About Venture Global

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.