Vanguard Personalized Indexing Management LLC Purchases New Position in Venture Global, Inc. $VG

Vanguard Personalized Indexing Management LLC purchased a new stake in Venture Global, Inc. (NYSE:VG) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,493 shares of the company’s stock, valued at approximately $195,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AdvisorNet Financial Inc acquired a new position in Venture Global in the second quarter valued at approximately $28,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Venture Global in the second quarter valued at approximately $47,000. Federated Hermes Inc. acquired a new stake in shares of Venture Global in the first quarter valued at approximately $74,000. Adalta Capital Management LLC acquired a new stake in shares of Venture Global in the first quarter valued at approximately $103,000. Finally, Atlas Brown Inc. acquired a new stake in shares of Venture Global in the second quarter valued at approximately $171,000.

Insider Buying and Selling at Venture Global

In other news, insider Thomas Earl sold 840,076 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $13.74, for a total value of $11,542,644.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 1,500,000 shares of company stock valued at $20,561,011 in the last three months. Company insiders own 86.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VG shares. JPMorgan Chase & Co. increased their price objective on Venture Global from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Wall Street Zen raised Venture Global from a “sell” rating to a “hold” rating in a report on Saturday, June 28th. Scotiabank decreased their price objective on Venture Global from $16.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, October 17th. Tudor Pickering raised Venture Global to a “hold” rating in a report on Tuesday, September 2nd. Finally, Mizuho reissued a “neutral” rating and issued a $12.00 price objective (down from $17.00) on shares of Venture Global in a report on Friday, October 10th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.31.

Venture Global Trading Down 1.5%

NYSE:VG opened at $9.50 on Friday. The stock has a fifty day moving average price of $12.55 and a two-hundred day moving average price of $12.86. The stock has a market capitalization of $23.05 billion and a price-to-earnings ratio of 15.07. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39. Venture Global, Inc. has a 1 year low of $6.75 and a 1 year high of $25.50.

Venture Global Increases Dividend

The company also recently declared a half year 25 dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a $0.017 dividend. This is an increase from Venture Global’s previous half year 25 dividend of $0.02. This represents a dividend yield of 50.0%. The ex-dividend date was Friday, September 19th. Venture Global’s dividend payout ratio (DPR) is 11.11%.

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.