Catalyst Capital Advisors LLC Increases Stake in Venture Global, Inc. $VG

Catalyst Capital Advisors LLC grew its holdings in Venture Global, Inc. (NYSE:VG) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,918,823 shares of the company’s stock after acquiring an additional 47,425 shares during the period. Venture Global accounts for 0.9% of Catalyst Capital Advisors LLC’s portfolio, making the stock its 23rd largest holding. Catalyst Capital Advisors LLC owned 0.12% of Venture Global worth $46,001,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. raised its stake 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 during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global in the second quarter worth $26,000. MAI Capital Management bought a new position in Venture Global during the third quarter valued at $29,000. Harbour Investments Inc. purchased a new position in shares of Venture Global in the 4th quarter worth $29,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Venture Global by 218.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after buying an additional 3,031 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VG shares. Sanford C. Bernstein assumed coverage on shares of Venture Global in a research report on Tuesday, June 16th. They set a “market perform” rating and a $14.00 target price on the stock. Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. UBS Group boosted their price objective on Venture Global from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. US Capital Advisors set a $13.00 price objective on Venture Global in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. upgraded Venture Global from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $16.00 to $17.00 in a report on Thursday, June 4th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.94.

Venture Global Stock Performance

Shares of NYSE:VG opened at $10.91 on Monday. The company has a market capitalization of $27.11 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.48 and a beta of 0.27. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $18.18. The firm’s 50-day moving average is $12.43 and its 200 day moving average is $11.02. The company has a current ratio of 0.87, a quick ratio of 0.80 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, topping analysts’ consensus estimates of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The company had revenue of $4.60 billion for the quarter. Venture Global’s quarterly revenue was up 58.9% on a year-over-year basis. Research analysts predict that Venture Global, Inc. will post 1.44 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 given a $0.018 dividend. 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 is 7.78%.

Insiders Place Their Bets

In other news, VP Fory Musser sold 233,735 shares of Venture Global stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $12.61, for a total transaction of $2,947,398.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Earl sold 1,000,000 shares of the business’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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 4,570,511 shares of company stock worth $59,690,394. 84.24% of the stock is currently owned by company insiders.

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.