BTG Pactual Asset Management US LLC Invests $3.34 Million in Venture Global, Inc. $VG

BTG Pactual Asset Management US LLC bought a new position in shares of Venture Global, Inc. (NYSE:VG) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 300,000 shares of the company’s stock, valued at approximately $3,339,000.

A number of other hedge funds have also recently bought and sold shares of the stock. State Street Corp grew its position in Venture Global by 82.7% in the 4th quarter. State Street Corp now owns 10,812,233 shares of the company’s stock worth $73,739,000 after purchasing an additional 4,893,707 shares during the last quarter. UBS Group AG lifted its stake in shares of Venture Global by 520.8% in the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after buying an additional 5,268,053 shares during the period. Geode Capital Management LLC grew its position in Venture Global by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock worth $34,811,000 after buying an additional 273,331 shares in the last quarter. Cohen & Steers Inc. grew its position in Venture Global by 4.6% during the fourth quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock worth $33,849,000 after buying an additional 219,505 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Venture Global during the second quarter valued at about $76,489,000.

Insider Activity at Venture Global

In other news, Director Jimmy D. Staton sold 66,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $13.35, for a total value of $881,100.00. Following the sale, the director owned 1,083,000 shares in the company, valued at approximately $14,458,050. The trade was a 5.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sari Beth Granat sold 200,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $13.49, for a total transaction of $2,698,000.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,340,893 shares of company stock valued at $32,404,567. Insiders own 84.24% of the company’s stock.

Venture Global Stock Performance

VG stock opened at $14.18 on Monday. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $17.62. The firm has a market cap of $35.45 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.59 and a beta of 0.22. The business’s 50 day moving average is $12.98 and its 200-day moving average is $12.74. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 3.44.

Venture Global (NYSE:VG) last issued its earnings results on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $4.58 billion during the quarter. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. Equities analysts anticipate that Venture Global, Inc. will post 1.63 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.04 per share. This is an increase from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.16 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 15th. Venture Global’s dividend payout ratio is currently 5.51%.

Analysts Set New Price Targets

A number of brokerages have commented on VG. The Goldman Sachs Group set a $18.00 price objective on Venture Global in a research report on Thursday, May 14th. US Capital Advisors set a $13.00 price objective on Venture Global in a research report on Friday, May 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Venture Global in a research report on Wednesday, May 20th. JPMorgan Chase & Co. upgraded shares of Venture Global from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $16.00 to $17.00 in a research note on Thursday, June 4th. Finally, Wells Fargo & Company increased their price objective on shares of Venture Global from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.07.

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.