Venture Global, Inc. $VG Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its stake in Venture Global, Inc. (NYSE:VG) by 304.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 149,214 shares of the company’s stock after buying an additional 112,318 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Venture Global were worth $2,352,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in VG. Kestra Private Wealth Services LLC increased its stake in shares of Venture Global by 8.8% during the first quarter. Kestra Private Wealth Services LLC now owns 12,429 shares of the company’s stock worth $196,000 after buying an additional 1,004 shares during the period. Summit Financial Wealth Advisors LLC lifted its stake in Venture Global by 8.8% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 14,336 shares of the company’s stock worth $98,000 after acquiring an additional 1,161 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in Venture Global by 11.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 12,254 shares of the company’s stock worth $84,000 after acquiring an additional 1,215 shares during the last quarter. CWM LLC grew its holdings in Venture Global by 24.1% during the 4th quarter. CWM LLC now owns 7,014 shares of the company’s stock worth $48,000 after acquiring an additional 1,363 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Venture Global by 1.5% in the 4th quarter. Wells Fargo & Company MN now owns 93,615 shares of the company’s stock valued at $638,000 after purchasing an additional 1,407 shares during the last quarter.

Insider Transactions at Venture Global

In other Venture Global news, COO Brian Cothran sold 31,910 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $14.33, for a total value of $457,270.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Fory Musser sold 233,735 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $12.61, for a total value of $2,947,398.35. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,570,511 shares of company stock valued at $59,690,394 in the last 90 days. Company insiders own 84.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on VG. Citigroup raised shares of Venture Global from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $17.00 in a research report on Wednesday, May 13th. UBS Group increased their price objective on Venture Global from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Mizuho raised their target price on Venture Global from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Raymond James Financial restated an “outperform” rating and set a $16.00 target price on shares of Venture Global in a research note on Wednesday, May 20th. Finally, Weiss Ratings raised Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.94.

Venture Global Price Performance

Shares of NYSE:VG opened at $12.39 on Thursday. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $18.18. The firm has a market capitalization of $30.79 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.51 and a beta of 0.33. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. The company’s fifty day moving average price is $12.30 and its 200 day moving average price is $11.32.

Venture Global (NYSE:VG) last released its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $4.60 billion during the quarter. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business’s revenue was up 58.9% compared to the same quarter last year. As a group, sell-side analysts predict that Venture Global, Inc. will post 1.44 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.018 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 15th. Venture Global’s payout ratio is presently 7.78%.

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.