Venture Global, Inc. $VG Shares Sold by Sands Capital Management LLC

Sands Capital Management LLC lessened its position in shares of Venture Global, Inc. (NYSE:VG) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,484,070 shares of the company’s stock after selling 370,469 shares during the period. Sands Capital Management LLC’s holdings in Venture Global were worth $106,199,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VG. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Venture Global during the 2nd quarter worth about $26,000. MAI Capital Management purchased a new position in Venture Global in the third quarter valued at approximately $29,000. UMB Bank n.a. lifted its position in Venture Global by 161.2% during the third quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock valued at $42,000 after buying an additional 1,820 shares in the last quarter. Delos Wealth Advisors LLC acquired a new position in Venture Global during the second quarter valued at approximately $45,000. Finally, Allworth Financial LP purchased a new stake in Venture Global during the second quarter worth approximately $63,000.

Insider Buying and Selling

In other Venture Global news, CAO Sarah Blake sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $11.85, for a total transaction of $3,555,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Fory Musser sold 1,000,000 shares of Venture Global stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $10.90, for a total value of $10,900,000.00. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 2,330,700 shares of company stock worth $26,684,100. Corporate insiders own 86.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. New Street Research set a $15.00 price objective on shares of Venture Global in a research report on Tuesday, March 3rd. Zacks Research upgraded shares of Venture Global from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Citigroup upped their price target on shares of Venture Global from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group reissued a “buy” rating on shares of Venture Global in a research report on Tuesday, March 3rd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $11.00 price objective on shares of Venture Global in a research note on Wednesday, January 28th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.90.

Venture Global Stock Down 1.0%

Shares of NYSE:VG opened at $11.39 on Wednesday. The firm has a market cap of $27.89 billion, a PE ratio of 13.25 and a beta of 5.70. The company has a fifty day simple moving average of $9.23 and a 200 day simple moving average of $9.65. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 3.24. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $19.50.

Venture Global (NYSE:VG) last posted its quarterly earnings data on Monday, March 2nd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The firm had revenue of $4.45 billion for the quarter. Venture Global had a net margin of 18.38% and a return on equity of 27.96%. The company’s revenue for the quarter was up 191.7% on a year-over-year basis. On average, equities research 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. Stockholders 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 dividend yield of 0.6%. Venture Global’s dividend payout ratio is 8.14%.

Venture Global Company 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.