69,725 Shares in Venture Global, Inc. $VG Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA purchased a new stake in shares of Venture Global, Inc. (NYSE:VG) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,725 shares of the company’s stock, valued at approximately $1,099,000.

A number of other institutional investors have also made changes to their positions in VG. Kestra Private Wealth Services LLC boosted its stake in Venture Global by 8.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 12,429 shares of the company’s stock valued at $196,000 after purchasing an additional 1,004 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of Venture Global by 67.5% during the first quarter. AdvisorNet Financial Inc now owns 4,480 shares of the company’s stock worth $71,000 after buying an additional 1,805 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Venture Global by 24.7% in the first quarter. SG Americas Securities LLC now owns 153,217 shares of the company’s stock valued at $2,415,000 after acquiring an additional 30,392 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Venture Global in the fourth quarter valued at approximately $90,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Venture Global by 218.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after acquiring an additional 3,031 shares during the last quarter.

Venture Global Price Performance

VG traded up $0.60 during midday trading on Tuesday, reaching $11.45. 1,126,311 shares of the company’s stock were exchanged, compared to its average volume of 19,674,318. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. The business has a 50-day simple moving average of $12.30 and a two-hundred day simple moving average of $11.23. The firm has a market capitalization of $28.44 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 0.49 and a beta of 0.33. Venture Global, Inc. has a one year low of $5.72 and a one year high of $18.18.

Venture Global (NYSE:VG) last issued its earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $4.60 billion during the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.Venture Global’s revenue was up 58.9% on a year-over-year basis. As a group, research analysts predict that Venture Global, Inc. will post 1.44 EPS for the current year.

Venture Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.018 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.6%. Venture Global’s dividend payout ratio (DPR) is presently 7.78%.

Insider Buying and Selling

In other Venture Global news, VP Fory Musser sold 2,000,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $13.09, for a total value of $26,180,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Brian Cothran sold 473,533 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $14.81, for a total transaction of $7,013,023.73. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,570,511 shares of company stock valued at $59,690,394 in the last ninety days. Insiders own 84.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VG shares. Sanford C. Bernstein assumed coverage on shares of Venture Global in a research note on Tuesday, June 16th. They set a “market perform” rating and a $14.00 target price for the company. JPMorgan Chase & Co. upgraded shares of Venture Global from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $16.00 to $17.00 in a research report on Thursday, June 4th. Scotiabank boosted their price objective on shares of Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Bank of America increased their target price on shares of Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, Wells Fargo & Company lifted their target price on Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 25th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.94.

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.