Venture Global, Inc. (NYSE:VG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Venture Global, Inc. (NYSE:VG) have received an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $15.9375.

A number of analysts have recently commented on the stock. Raymond James Financial reissued an “outperform” rating and set a $16.00 target price on shares of Venture Global in a research note on Wednesday, May 20th. Weiss Ratings upgraded Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Mizuho boosted their price objective on Venture Global from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Royal Bank Of Canada increased their target price on Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. upgraded Venture Global from a “neutral” rating to an “overweight” rating and raised their target price for the company from $16.00 to $17.00 in a research report on Thursday, June 4th.

Venture Global Price Performance

Shares of NYSE VG opened at $11.12 on Friday. The firm has a market cap of $27.61 billion, a PE ratio of 12.35, a PEG ratio of 0.49 and a beta of 0.33. The firm has a fifty day moving average of $12.37 and a 200 day moving average of $11.16. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. Venture Global has a one year low of $5.72 and a one year high of $18.18.

Venture Global (NYSE:VG) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business had revenue of $4.60 billion for the quarter. The firm’s revenue for the quarter was up 58.9% compared to the same quarter last year. As a group, research analysts predict that Venture Global will post 1.44 EPS for the current fiscal year.

Venture Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, June 15th. Venture Global’s payout ratio is presently 7.78%.

Insider Transactions at Venture Global

In other Venture Global news, VP Fory Musser sold 2,000,000 shares of Venture Global stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $13.09, for a total transaction of $26,180,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Brian Cothran sold 473,533 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $14.81, for a total transaction of $7,013,023.73. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,570,511 shares of company stock valued at $59,690,394 in the last 90 days. 84.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Venture Global

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG grew its stake in Venture Global by 520.8% during the 4th quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after acquiring an additional 5,268,053 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Venture Global in the 2nd quarter worth approximately $76,489,000. State Street Corp lifted its stake 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 in the last quarter. Bank of America Corp DE boosted its holdings in shares of Venture Global by 135.6% during the 1st quarter. Bank of America Corp DE now owns 4,174,444 shares of the company’s stock worth $65,789,000 after purchasing an additional 2,402,771 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Venture Global by 258.1% during the 4th quarter. Millennium Management LLC now owns 3,248,477 shares of the company’s stock worth $22,155,000 after purchasing an additional 2,341,253 shares during the last quarter.

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.