Future Financial Wealth Managment LLC Purchases New Holdings in Venture Global, Inc. $VG

Future Financial Wealth Managment LLC purchased a new stake in shares of Venture Global, Inc. (NYSE:VG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,000 shares of the company’s stock, valued at approximately $47,000.

Other large investors also recently made changes to their positions in the company. AdvisorNet Financial Inc acquired a new stake in shares of Venture Global in the 2nd quarter valued at approximately $28,000. Center for Financial Planning Inc. acquired a new stake in Venture Global in the first quarter valued at $37,000. ORG Wealth Partners LLC acquired a new stake in Venture Global in the first quarter valued at $60,000. Federated Hermes Inc. acquired a new stake in Venture Global in the first quarter valued at $74,000. Finally, Adalta Capital Management LLC acquired a new stake in Venture Global in the first quarter valued at $103,000.

Insider Buying and Selling at Venture Global

In other Venture Global news, insider Thomas Earl sold 500,000 shares of Venture Global stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $13.69, for a total value of $6,845,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 1,500,000 shares of company stock worth $20,561,011 over the last three months. 86.73% of the stock is currently owned by company insiders.

Venture Global Stock Up 1.1%

NYSE:VG opened at $13.94 on Friday. The stock has a 50 day simple moving average of $13.68 and a 200 day simple moving average of $12.80. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.39 and a quick ratio of 1.33. 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 announced a half year 25 dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a dividend of $0.017 per share. 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 of this dividend was Friday, September 19th.

Wall Street Analyst Weigh In

VG has been the subject of several recent analyst reports. Bank of America raised their target price on shares of Venture Global from $12.00 to $18.50 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Scotiabank raised their price objective on Venture Global from $13.00 to $16.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 15th. Wells Fargo & Company raised their price objective on Venture Global from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Venture Global in a research report on Saturday, September 27th. Finally, Wall Street Zen raised Venture Global from a “sell” rating to a “hold” rating in a report on Saturday, June 28th. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Venture Global presently has an average rating of “Moderate Buy” and an average target price of $17.00.

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.