Venture Global, Inc. (NYSE:VG) Shareholders Set to Receive $0.04 Quarterly Dividend

Venture Global, Inc. (NYSE:VG) announced a quarterly dividend on Tuesday, November 10th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.04 per share on Thursday, December 31st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, December 15th.

Venture Global Price Performance

Shares of NYSE:VG opened at $11.98 on Wednesday. Venture Global has a 1-year low of $5.72 and a 1-year high of $17.62. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.19 and a quick ratio of 1.11. The business has a fifty day moving average price of $13.54 and a 200-day moving average price of $12.77. The company has a market capitalization of $29.96 billion, a PE ratio of 9.29 and a beta of 0.22.

Venture Global (NYSE:VG) last announced its quarterly earnings results on Monday, November 9th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.46. The company had revenue of $4.76 billion for the quarter. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. The business’s revenue for the quarter was up 42.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 EPS. As a group, equities analysts expect that Venture Global will post 1.79 EPS for the current fiscal year.

Insider Transactions at Venture Global

In related news, VP Fory Musser sold 259,413 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $14.26, for a total transaction of $3,699,229.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jonathan Thayer sold 111,111 shares of the stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $12.70, for a total transaction of $1,411,109.70. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,493,553 shares of company stock valued at $35,074,470. Company insiders own 84.24% of the company’s stock.

Hedge Funds Weigh In On Venture Global

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bogart Wealth LLC increased its position in Venture Global by 115.2% during the third quarter. Bogart Wealth LLC now owns 18,783 shares of the company’s stock valued at $237,000 after acquiring an additional 10,055 shares during the last quarter. Cibc World Market Inc. boosted its position in Venture Global by 30.1% in the third quarter. Cibc World Market Inc. now owns 43,384 shares of the company’s stock worth $548,000 after purchasing an additional 10,031 shares during the last quarter. Alberta Investment Management Corp purchased a new position in Venture Global in the third quarter worth about $2,156,000. Moors & Cabot Inc. grew its stake in shares of Venture Global by 3.8% during the 3rd quarter. Moors & Cabot Inc. now owns 40,825 shares of the company’s stock valued at $516,000 after purchasing an additional 1,500 shares during the period. Finally, Terril Brothers Inc. bought a new stake in shares of Venture Global during the 3rd quarter valued at about $401,000.

Venture Global Company Profile

Venture Global, Inc. is a U.S. liquefied natural gas (LNG) company that develops, constructs and operates facilities to produce and export LNG. Its activities include sourcing natural gas, processing it into LNG and delivering the fuel to customers in international markets, often through long-term supply agreements. Founded in 2013, the company is based in Arlington, Virginia, and focuses its LNG projects on Louisiana’s Gulf Coast. Its facilities include Calcasieu Pass and Plaquemines LNG, while it is also developing additional export capacity, including the proposed CP2 project.