Vanguard Group Inc. Invests $125.79 Million in Venture Global, Inc. $VG

Vanguard Group Inc. bought a new position in Venture Global, Inc. (NYSE:VG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,212,429 shares of the company’s stock, valued at approximately $125,788,000. Vanguard Group Inc. owned about 0.50% of Venture Global as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Center for Financial Planning Inc. bought a new stake in Venture Global in the first quarter valued at $37,000. ORG Wealth Partners LLC bought a new stake in Venture Global in the first quarter valued at $60,000. Federated Hermes Inc. bought a new stake in Venture Global in the first quarter valued at $74,000. Stephens Inc. AR bought a new stake in Venture Global in the first quarter valued at $114,000. Finally, Defined Wealth Management LLC bought a new stake in Venture Global in the first quarter valued at $114,000.

Venture Global Stock Performance

Shares of VG stock opened at $12.78 on Friday. Venture Global, Inc. has a 12 month low of $6.75 and a 12 month high of $25.50. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39. The company’s fifty day moving average price is $15.32 and its 200-day moving average price is $12.92.

Venture Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were given a $0.0165 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, June 10th.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Johnson Rice assumed coverage on shares of Venture Global in a report on Tuesday, June 17th. They issued a “buy” rating and a $20.00 price target on the stock. Scotiabank lifted their price target on shares of Venture Global from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. UBS Group cut shares of Venture Global from a “buy” rating to a “neutral” rating and lifted their price target for the company from $14.00 to $18.00 in a report on Thursday, June 12th. The Goldman Sachs Group dropped their target price on shares of Venture Global from $20.00 to $17.50 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Finally, Royal Bank Of Canada dropped their target price on shares of Venture Global from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Venture Global 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.