Venture Global, Inc. $VG Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in shares of Venture Global, Inc. (NYSE:VG) by 53.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 263,799 shares of the company’s stock after acquiring an additional 91,524 shares during the period. Pacer Advisors Inc.’s holdings in Venture Global were worth $1,799,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in Venture Global during the second quarter worth $26,000. MAI Capital Management acquired a new stake in shares of Venture Global in the third quarter valued at about $29,000. UMB Bank n.a. raised its position in shares of Venture Global by 161.2% in 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 during the last quarter. Blue Trust Inc. raised its position in shares of Venture Global by 1,750.0% in the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after buying an additional 3,500 shares during the last quarter. Finally, CWM LLC raised its position 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 during the last quarter.

Venture Global Price Performance

Venture Global stock opened at $13.01 on Friday. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $19.50. The stock has a market cap of $31.95 billion, a P/E ratio of 14.45, a PEG ratio of 0.95 and a beta of 0.44. The company has a 50-day moving average price of $13.43 and a 200 day moving average price of $9.98. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.40.

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, topping the consensus estimate of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The firm had revenue of $4.60 billion during the quarter. The business’s quarterly revenue was up 58.9% compared to the same quarter last year. Sell-side analysts anticipate that Venture Global, Inc. will post 1.32 earnings per share for the current year.

Venture Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.018 per share. The ex-dividend date was Monday, March 16th. This is an increase from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a yield of 0.6%. Venture Global’s dividend payout ratio (DPR) is 7.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VG. Raymond James Financial reiterated an “outperform” rating and issued a $13.00 target price on shares of Venture Global in a research report on Thursday, March 5th. Mizuho increased their target price on shares of Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. The Goldman Sachs Group set a $18.00 target price on shares of Venture Global in a research report on Thursday. Scotiabank increased their target price on shares of Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, UBS Group raised their price objective on shares of Venture Global from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.27.

Insider Activity at Venture Global

In other Venture Global news, CAO Sarah Blake sold 300,000 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $11.85, for a total transaction of $3,555,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Earl sold 1,000,000 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $11.83, for a total transaction of $11,830,000.00. The SEC filing for this sale provides additional information. In the last three months, insiders sold 6,094,446 shares of company stock worth $84,601,768. 84.24% of the stock is owned by corporate insiders.

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.