Alpine Global Management LLC Buys New Shares in Venture Global, Inc. $VG

Alpine Global Management LLC purchased a new stake in Venture Global, Inc. (NYSE:VG) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 77,841 shares of the company’s stock, valued at approximately $531,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VG. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global during the second quarter worth about $26,000. MAI Capital Management acquired a new position in Venture Global during the 3rd quarter worth approximately $29,000. Blue Trust Inc. grew its holdings in Venture Global by 1,750.0% during the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after acquiring an additional 3,500 shares in the last quarter. Harbour Investments Inc. purchased a new stake in shares of Venture Global in the 4th quarter valued at approximately $29,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Venture Global by 217.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,230 shares of the company’s stock valued at $42,000 after purchasing an additional 4,268 shares during the last quarter.

Venture Global Trading Down 0.5%

NYSE:VG opened at $10.99 on Friday. The company has a market capitalization of $27.31 billion, a PE ratio of 12.22, a P/E/G ratio of 0.48 and a beta of 0.27. Venture Global, Inc. has a 52-week low of $5.72 and a 52-week high of $19.50. The stock’s 50 day moving average price is $12.68 and its 200 day moving average price is $10.85. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40.

Venture Global (NYSE:VG) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was up 58.9% compared to the same quarter last year. On average, research analysts anticipate that Venture Global, Inc. will post 1.46 EPS for the current year.

Venture Global Announces Dividend

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

Insider Buying and Selling at Venture Global

In related news, insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $12.44, for a total value of $12,440,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Fory Musser sold 2,000,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $13.09, for a total value of $26,180,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,570,511 shares of company stock valued at $59,690,394. Company insiders own 84.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on VG. New Street Research set a $15.00 price objective on Venture Global in a research report on Tuesday, March 3rd. Bank of America raised their target price on Venture Global from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Royal Bank Of Canada upped their price target on Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, The Goldman Sachs Group set a $18.00 price target on shares of Venture Global in a research note on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.94.

Venture Global Company 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.