Venture Global (NYSE:VG) Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Venture Global (NYSE:VG) from a sell rating to a hold rating in a research note published on Saturday.

VG has been the topic of several other reports. JPMorgan Chase & Co. decreased their target price on shares of Venture Global from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Bank of America raised their target price on shares of Venture Global from $12.00 to $18.50 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company reissued a “reduce” rating on shares of Venture Global in a research report on Wednesday, May 14th. Mizuho decreased their target price on shares of Venture Global from $25.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Finally, Johnson Rice started coverage on shares of Venture Global in a research report on Tuesday, June 17th. They issued a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.77.

Venture Global Trading Down 6.1%

Venture Global stock opened at $15.74 on Friday. The stock’s 50-day moving average is $12.43. Venture Global has a 52 week low of $6.75 and a 52 week high of $25.50. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67.

Venture Global (NYSE:VG) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. As a group, equities research analysts expect that Venture Global will post 0.52 earnings per share for the current year.

Venture Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $0.0165 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.07 annualized dividend and a yield of 0.42%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Allianz Asset Management GmbH purchased a new position in Venture Global in the first quarter valued at approximately $3,547,294,000. Vanguard Group Inc. purchased a new stake in shares of Venture Global during the first quarter valued at approximately $125,788,000. Deutsche Bank AG purchased a new stake in shares of Venture Global during the first quarter valued at approximately $37,798,000. Millennium Management LLC purchased a new stake in shares of Venture Global during the first quarter valued at approximately $32,099,000. Finally, Tortoise Capital Advisors L.L.C. purchased a new stake in shares of Venture Global during the first quarter valued at approximately $28,673,000.

About Venture Global

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.