Redhawk Wealth Advisors Inc. Grows Stake in Venture Global, Inc. $VG

Redhawk Wealth Advisors Inc. boosted its holdings in shares of Venture Global, Inc. (NYSE:VGFree Report) by 116.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,034 shares of the company’s stock after purchasing an additional 29,658 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Venture Global were worth $375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VG. Vanguard Group Inc. raised its position in shares of Venture Global by 147.4% during the third quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock valued at $324,417,000 after buying an additional 13,620,863 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Venture Global during the second quarter valued at $76,489,000. Mather Group LLC. increased its holdings in Venture Global by 171.9% in the 3rd quarter. Mather Group LLC. now owns 460,000 shares of the company’s stock valued at $6,527,000 after acquiring an additional 1,100,000 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Venture Global in the 3rd quarter worth $13,632,000. Finally, Alps Advisors Inc. bought a new position in shares of Venture Global during the 3rd quarter valued at about $13,413,000.

Venture Global Trading Down 0.1%

Shares of VG stock opened at $17.51 on Monday. The company has a market cap of $43.01 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.54 and a beta of 5.70. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $19.50. The stock’s 50 day simple moving average is $11.14 and its two-hundred day simple moving average is $9.80. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.93 and a quick ratio of 0.87.

Venture Global (NYSE:VGGet Free Report) last announced its earnings results on Monday, March 2nd. The company reported $0.41 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 firm had revenue of $4.45 billion during the quarter. The company’s revenue for the quarter was up 191.7% on a year-over-year basis. Research analysts predict that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.018 dividend. This is an increase from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 16th. Venture Global’s payout ratio is currently 8.14%.

Key Headlines Impacting Venture Global

Here are the key news stories impacting Venture Global this week:

Insider Activity

In other Venture Global news, CAO Sarah Blake sold 200,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $16.00, for a total value of $3,200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $11.83, for a total value of $11,830,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,872,223 shares of company stock worth $82,002,870 over the last 90 days. Insiders own 86.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VG shares. US Capital Advisors raised Venture Global to a “moderate sell” rating in a research note on Monday, December 15th. Scotiabank upped their price objective on Venture Global from $9.00 to $11.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 17th. Morgan Stanley upgraded Venture Global from an “underweight” rating to an “overweight” rating and increased their target price for the company from $8.00 to $22.00 in a research report on Monday, March 23rd. Bank of America raised their target price on shares of Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, Wall Street Zen upgraded shares of Venture Global from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.70.

View Our Latest Research Report on Venture Global

Venture Global Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Venture Global (NYSE:VG)

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