Venture Global, Inc. (NYSE:VG) Receives $16.31 Consensus Target Price from Analysts

Venture Global, Inc. (NYSE:VG) has received an average rating of “Moderate Buy” from the eighteen analysts that are covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.3125.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Venture Global from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $16.00 to $17.00 in a report on Thursday, June 4th. Morgan Stanley increased their price objective on Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. The Goldman Sachs Group set a $18.00 price target on Venture Global in a research report on Thursday, May 14th. Finally, New Street Research set a $15.00 price target on shares of Venture Global in a research note on Tuesday, March 3rd.

Insider Buying and Selling at Venture Global

In other news, insider Thomas Earl sold 1,000,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $12.44, for a total transaction of $12,440,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jonathan W. Thayer sold 111,111 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $14.27, for a total value of $1,585,553.97. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,881,623 shares of company stock valued at $112,229,295 over the last quarter. 84.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VG. Kestra Private Wealth Services LLC increased its position in shares of Venture Global by 8.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 12,429 shares of the company’s stock worth $196,000 after purchasing an additional 1,004 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its holdings in shares of Venture Global by 8.8% in the 4th quarter. Summit Financial Wealth Advisors LLC now owns 14,336 shares of the company’s stock valued at $98,000 after buying an additional 1,161 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Venture Global by 11.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 12,254 shares of the company’s stock valued at $84,000 after buying an additional 1,215 shares during the last quarter. CWM LLC grew its stake in shares of Venture Global by 24.1% in the fourth quarter. CWM LLC now owns 7,014 shares of the company’s stock valued at $48,000 after buying an additional 1,363 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Venture Global by 1.5% in the fourth quarter. Wells Fargo & Company MN now owns 93,615 shares of the company’s stock valued at $638,000 after buying an additional 1,407 shares in the last quarter.

Venture Global Price Performance

Shares of VG opened at $13.07 on Monday. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. The stock has a 50 day simple moving average of $13.00 and a 200 day simple moving average of $10.74. Venture Global has a 52-week low of $5.72 and a 52-week high of $19.50. The firm has a market capitalization of $32.48 billion, a PE ratio of 14.53, a P/E/G ratio of 0.57 and a beta of 0.27.

Venture Global (NYSE:VG) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. The business had revenue of $4.60 billion for the quarter. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The firm’s quarterly revenue was up 58.9% on a year-over-year basis. Sell-side analysts predict that Venture Global will post 1.46 EPS for the current fiscal year.

Venture Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.018 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.07 dividend on an annualized basis and a yield of 0.6%. Venture Global’s dividend payout ratio (DPR) is 7.78%.

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.