Forefront Wealth Partners LLC Buys Shares of 118,399 Venture Global, Inc. $VG

Forefront Wealth Partners LLC bought a new position in shares of Venture Global, Inc. (NYSE:VG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 118,399 shares of the company’s stock, valued at approximately $1,680,000.

A number of other hedge funds also recently made changes to their positions in VG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Venture Global during the 2nd quarter valued at approximately $76,489,000. Millennium Management LLC acquired a new stake in Venture Global in the first quarter valued at approximately $32,099,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of Venture Global during the first quarter worth $20,085,000. Catalyst Capital Advisors LLC grew its stake in shares of Venture Global by 24.8% during the second quarter. Catalyst Capital Advisors LLC now owns 1,731,290 shares of the company’s stock worth $26,973,000 after buying an additional 344,390 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Venture Global by 61.1% during the second quarter. Russell Investments Group Ltd. now owns 616,643 shares of the company’s stock worth $9,607,000 after buying an additional 233,978 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VG. Scotiabank cut their price objective on Venture Global from $13.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. Capital One Financial started coverage on Venture Global in a research report on Tuesday, November 4th. They issued an “equal weight” rating and a $11.00 target price for the company. Citigroup cut their price target on Venture Global from $16.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $17.50 price objective on shares of Venture Global in a research note on Monday, November 10th. Finally, Wells Fargo & Company set a $8.00 price objective on shares of Venture Global in a report on Monday, December 15th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.25.

Venture Global Price Performance

Shares of VG opened at $7.01 on Wednesday. The business has a 50-day moving average of $7.44 and a 200-day moving average of $11.76. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.83 and a quick ratio of 0.77. The company has a market capitalization of $17.16 billion and a price-to-earnings ratio of 8.99. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $25.50.

Venture Global (NYSE:VG) last released its earnings results on Monday, November 10th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.23 billion. Venture Global had a net margin of 21.99% and a return on equity of 29.55%. Venture Global’s revenue was up 259.5% on a year-over-year basis. As a group, equities research analysts anticipate that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.017 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.07 annualized dividend and a yield of 1.0%. Venture Global’s payout ratio is presently 7.69%.

Insiders Place Their Bets

In other Venture Global news, VP Fory Musser sold 42,901 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $7.80, for a total transaction of $334,627.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Earl sold 1,000,000 shares of Venture Global stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $6.89, for a total value of $6,890,000.00. The SEC filing for this sale provides additional information. Insiders have sold 3,000,000 shares of company stock worth $22,904,729 in the last ninety days. Insiders own 86.73% of the company’s stock.

Venture Global Company 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.