180,000 Shares in Venture Global, Inc. $VG Purchased by Advanced Portfolio Management LLC

Advanced Portfolio Management LLC purchased a new stake in Venture Global, Inc. (NYSE:VG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 180,000 shares of the company’s stock, valued at approximately $1,228,000. Venture Global accounts for 3.7% of Advanced Portfolio Management LLC’s holdings, making the stock its 10th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Summit Financial Wealth Advisors LLC grew its holdings in Venture Global by 8.8% in the 4th quarter. Summit Financial Wealth Advisors LLC now owns 14,336 shares of the company’s stock valued at $98,000 after buying an additional 1,161 shares during the period. Federation des caisses Desjardins du Quebec grew its holdings in Venture Global by 11.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 12,254 shares of the company’s stock valued at $84,000 after buying an additional 1,215 shares during the period. CWM LLC grew its holdings in Venture Global by 24.1% in the 4th 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 period. Wells Fargo & Company MN grew its holdings in Venture Global by 1.5% in the 4th quarter. Wells Fargo & Company MN now owns 93,615 shares of the company’s stock valued at $638,000 after buying an additional 1,407 shares during the period. Finally, American Financial Group Inc. grew its holdings in Venture Global by 14.3% in the 3rd quarter. American Financial Group Inc. now owns 12,000 shares of the company’s stock valued at $170,000 after buying an additional 1,500 shares during the period.

Insider Activity at Venture Global

In other Venture Global news, insider Thomas Earl sold 1,000,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $12.44, for a total transaction of $12,440,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Fory Musser sold 2,000,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $13.09, for a total value of $26,180,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold 4,459,400 shares of company stock valued at $58,462,618 in the last 90 days. 84.24% of the stock is currently owned by insiders.

Venture Global Stock Performance

NYSE VG opened at $11.05 on Thursday. The business’s 50-day simple moving average is $12.77 and its 200-day simple moving average is $10.83. The firm has a market capitalization of $27.44 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.48 and a beta of 0.27. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $19.50.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, May 11th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The firm had revenue of $4.60 billion for 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. Equities analysts predict that Venture Global, Inc. will post 1.46 EPS for the current year.

Venture Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 15th. Venture Global’s dividend payout ratio (DPR) is currently 7.78%.

Wall Street Analysts Forecast Growth

Several analysts have commented on VG shares. Citigroup upgraded Venture Global from a “neutral” rating to a “buy” rating and lifted their price target for the company from $12.00 to $17.00 in a report on Wednesday, May 13th. Weiss Ratings upgraded Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Raymond James Financial restated an “outperform” rating and issued a $16.00 price target on shares of Venture Global in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. raised Venture Global from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $16.00 to $17.00 in a research note on Thursday, June 4th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.