Beaconlight Capital LLC Buys Shares of 75,636 Venture Global, Inc. $VG

Beaconlight Capital LLC purchased a new stake in shares of Venture Global, Inc. (NYSE:VG) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 75,636 shares of the company’s stock, valued at approximately $1,192,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. lifted its holdings in Venture Global by 21.0% during the first quarter. Sei Investments Co. now owns 225,681 shares of the company’s stock valued at $3,557,000 after purchasing an additional 39,229 shares during the last quarter. Militia Capital Management LLC purchased a new position in shares of Venture Global in the first quarter worth about $2,756,000. First Trust Advisors LP bought a new stake in shares of Venture Global in the first quarter valued at approximately $9,207,000. DJE Kapital AG purchased a new stake in shares of Venture Global during the 1st quarter valued at approximately $880,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Venture Global during the 1st quarter valued at approximately $606,000.

Analyst Upgrades and Downgrades

VG has been the subject of a number of recent research reports. Raymond James Financial reiterated an “outperform” rating and issued a $16.00 price objective on shares of Venture Global in a research note on Wednesday, May 20th. Morgan Stanley raised their price target on Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. upgraded Venture Global from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $16.00 to $17.00 in a research note on Thursday, June 4th. Scotiabank increased their price objective on Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group set a $18.00 target price on Venture Global in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.06.

Insider Activity

In other news, COO Brian Cothran sold 473,533 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $14.81, for a total transaction of $7,013,023.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Fory Musser sold 2,000,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $13.09, for a total transaction of $26,180,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,348,288 shares of company stock worth $57,091,496 over the last ninety days. 84.24% of the stock is owned by insiders.

Venture Global Trading Down 5.5%

NYSE VG opened at $14.32 on Friday. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $17.62. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. The stock has a 50-day moving average of $12.53 and a 200-day moving average of $11.85. The firm has a market cap of $35.59 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 0.61 and a beta of 0.33.

Venture Global (NYSE:VG) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. The business 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%.The business’s revenue for the quarter was up 58.9% on a year-over-year basis. As a group, sell-side analysts forecast that Venture Global, Inc. will post 1.46 EPS for the current year.

Venture Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.018 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 15th. Venture Global’s dividend payout ratio (DPR) is 7.78%.

About Venture Global

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.