Venture Global, Inc. $VG Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC reduced its position in shares of Venture Global, Inc. (NYSE:VG) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 411,175 shares of the company’s stock after selling 151,585 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Venture Global were worth $2,804,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of VG. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Venture Global in the 4th quarter valued at about $1,261,000. Viking Fund Management LLC grew its holdings in Venture Global by 7.1% in the fourth quarter. Viking Fund Management LLC now owns 150,000 shares of the company’s stock valued at $1,023,000 after purchasing an additional 10,000 shares during the period. Atlas Brown Inc. grew its holdings in Venture Global by 290.9% in the fourth quarter. Atlas Brown Inc. now owns 43,000 shares of the company’s stock valued at $293,000 after purchasing an additional 32,000 shares during the period. SG Americas Securities LLC increased its position in shares of Venture Global by 828.3% in the fourth quarter. SG Americas Securities LLC now owns 122,825 shares of the company’s stock valued at $838,000 after buying an additional 109,594 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Venture Global by 119.6% in the third quarter. JPMorgan Chase & Co. now owns 45,940 shares of the company’s stock valued at $652,000 after buying an additional 280,060 shares in the last quarter.

Analyst Ratings Changes

VG has been the topic of a number of recent analyst reports. Morgan Stanley upgraded Venture Global from an “underweight” rating to an “overweight” rating and increased their target price for the company from $8.00 to $22.00 in a research report on Monday, March 23rd. Wall Street Zen raised shares of Venture Global from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Raymond James Financial restated an “outperform” rating and set a $13.00 price objective on shares of Venture Global in a research report on Thursday, March 5th. JPMorgan Chase & Co. increased their price objective on shares of Venture Global from $11.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, March 27th. Finally, Wells Fargo & Company lifted their target price on shares of Venture Global from $10.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 25th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.70.

Insider Buying and Selling at Venture Global

In related news, VP Fory Musser sold 1,000,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $10.90, for a total transaction of $10,900,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas Earl sold 1,000,000 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $11.83, for a total transaction of $11,830,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,872,223 shares of company stock valued at $82,002,870 over the last ninety days. 86.73% of the stock is currently owned by corporate insiders.

Venture Global Stock Performance

NYSE VG opened at $15.75 on Wednesday. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.93 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $11.45 and its 200-day simple moving average is $9.83. The company has a market cap of $38.69 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.48 and a beta of 5.70. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $19.50.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Monday, March 2nd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. The firm had revenue of $4.45 billion during the quarter. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The company’s revenue for the quarter was up 191.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $0.018 per share. The ex-dividend date of this dividend was Monday, March 16th. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.5%. Venture Global’s payout ratio is currently 8.14%.

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.