Militia Capital Partners LP Boosts Holdings in Venture Global, Inc. $VG

Militia Capital Partners LP boosted its stake in Venture Global, Inc. (NYSE:VG) by 434.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,373 shares of the company’s stock after acquiring an additional 69,400 shares during the period. Militia Capital Partners LP’s holdings in Venture Global were worth $1,211,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of VG. American Financial Group Inc. raised its holdings in shares of Venture Global by 14.3% in the 3rd quarter. American Financial Group Inc. now owns 12,000 shares of the company’s stock worth $170,000 after purchasing an additional 1,500 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Venture Global during the second quarter valued at $26,000. UMB Bank n.a. grew its holdings 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 purchasing an additional 1,820 shares during the period. Future Financial Wealth Managment LLC increased its position in Venture Global by 66.7% in the third quarter. Future Financial Wealth Managment LLC now owns 5,000 shares of the company’s stock worth $71,000 after buying an additional 2,000 shares during the last quarter. Finally, MAI Capital Management purchased a new stake in Venture Global in the third quarter worth $29,000.

Insider Activity at Venture Global

In other Venture Global news, VP Fory Musser sold 1,000,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $10.90, for a total value of $10,900,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sarah Blake sold 300,000 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $11.85, for a total transaction of $3,555,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 2,450,000 shares of company stock valued at $28,236,193. Corporate insiders own 86.73% of the company’s stock.

Venture Global Price Performance

Venture Global stock opened at $12.29 on Tuesday. The firm has a market capitalization of $30.08 billion, a P/E ratio of 14.29 and a beta of 5.67. Venture Global, Inc. has a one year low of $5.72 and a one year high of $19.50. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.93 and a quick ratio of 0.87. The business has a fifty day moving average price of $9.69 and a 200-day moving average price of $9.63.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The business had revenue of $4.45 billion for the quarter. Venture Global’s revenue for the quarter was up 191.7% on a year-over-year basis. As a group, equities research analysts forecast that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.018 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date is Monday, March 16th. Venture Global’s dividend payout ratio (DPR) is 8.14%.

Wall Street Analysts Forecast Growth

VG has been the subject of several research reports. JPMorgan Chase & Co. downgraded Venture Global from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $10.00 to $11.00 in a research note on Tuesday, January 27th. Zacks Research raised shares of Venture Global from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Scotiabank set a $9.00 target price on shares of Venture Global in a research report on Friday, January 16th. US Capital Advisors upgraded shares of Venture Global to a “moderate sell” rating in a research note on Monday, December 15th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Venture Global in a research report on Tuesday, March 3rd. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.10.

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.