Brown Advisory Inc. Takes $180,000 Position in Venture Global, Inc. (NYSE:VG)

Brown Advisory Inc. bought a new stake in Venture Global, Inc. (NYSE:VG) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,477 shares of the company’s stock, valued at approximately $180,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. purchased a new stake in Venture Global during the 1st quarter valued at approximately $2,417,000. Bank of New York Mellon Corp acquired a new stake in shares of Venture Global in the 1st quarter worth approximately $18,551,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Venture Global in the 1st quarter worth approximately $14,285,000. Rossby Financial LCC acquired a new stake in shares of Venture Global in the 1st quarter worth approximately $211,000. Finally, Summit Trail Advisors LLC acquired a new stake in Venture Global during the 1st quarter valued at $114,000.

Venture Global Stock Down 1.9%

Shares of VG opened at $16.24 on Thursday. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.73. The business has a fifty day moving average price of $14.34. Venture Global, Inc. has a twelve month low of $6.75 and a twelve month high of $25.50.

Venture Global (NYSE:VG) last issued its earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. On average, sell-side analysts predict that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a $0.0165 dividend. This represents a $0.07 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Tuesday, June 10th.

Analyst Upgrades and Downgrades

VG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut Venture Global from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a report on Monday. Bank of America raised their price objective on Venture Global from $12.00 to $18.50 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Wells Fargo & Company restated a “reduce” rating on shares of Venture Global in a report on Wednesday, May 14th. Scotiabank set a $16.00 price objective on Venture Global and gave the stock a “sector perform” rating in a report on Tuesday. Finally, UBS Group cut Venture Global from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $14.00 to $18.00 in a report on Thursday, June 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.69.

Venture Global Company Profile

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.