Vanguard Group Inc. Acquires 13,620,863 Shares of Venture Global, Inc. $VG

Vanguard Group Inc. raised its holdings in Venture Global, Inc. (NYSE:VG) by 147.4% during the third quarter, HoldingsChannel.com reports. The fund owned 22,862,372 shares of the company’s stock after purchasing an additional 13,620,863 shares during the period. Vanguard Group Inc.’s holdings in Venture Global were worth $324,417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada bought a new stake in shares of Venture Global during the 1st quarter valued at approximately $2,150,000. Integrated Wealth Concepts LLC acquired a new stake in Venture Global in the first quarter valued at approximately $152,000. NewEdge Advisors LLC bought a new stake in shares of Venture Global during the first quarter worth $460,000. CWM LLC increased its holdings in shares of Venture Global by 278.4% during the second quarter. CWM LLC now owns 6,050 shares of the company’s stock worth $94,000 after buying an additional 4,451 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of Venture Global by 71.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 34,467 shares of the company’s stock valued at $537,000 after acquiring an additional 14,317 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $17.50 target price on shares of Venture Global in a report on Monday, November 10th. Citigroup dropped their target price on shares of Venture Global from $16.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, November 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Venture Global in a research report on Monday, December 29th. Scotiabank set a $9.00 target price on Venture Global in a research report on Friday, January 16th. Finally, UBS Group dropped their price target on Venture Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.77.

Insider Activity at Venture Global

In other Venture Global news, insider Thomas Earl sold 1,000,000 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $6.89, for a total value of $6,890,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 86.73% of the stock is currently owned by corporate insiders.

Venture Global Trading Up 2.2%

Shares of Venture Global stock opened at $9.68 on Friday. The stock has a market capitalization of $23.69 billion and a PE ratio of 12.41. Venture Global, Inc. has a 52 week low of $5.72 and a 52 week high of $19.50. The stock has a 50 day moving average price of $8.58 and a two-hundred day moving average price of $9.74. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.77 and a current ratio of 0.83.

Venture Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a dividend of $0.017 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, December 15th. Venture Global’s payout ratio is currently 8.97%.

Venture Global 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.