Hohimer Wealth Management LLC Purchases Shares of 278,697 Venture Global, Inc. $VG

Hohimer Wealth Management LLC bought a new position in shares of Venture Global, Inc. (NYSE:VG) during the third quarter, HoldingsChannel reports. The institutional investor bought 278,697 shares of the company’s stock, valued at approximately $3,955,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. MAI Capital Management purchased a new position in shares of Venture Global in the third quarter worth approximately $29,000. TD Asset Management Inc grew its position in Venture Global by 89.9% in the third quarter. TD Asset Management Inc now owns 39,681 shares of the company’s stock worth $563,000 after acquiring an additional 18,780 shares in the last quarter. American Financial Group Inc. raised its holdings in Venture Global by 14.3% during the third quarter. American Financial Group Inc. now owns 12,000 shares of the company’s stock valued at $170,000 after buying an additional 1,500 shares in the last quarter. CenterBook Partners LP bought a new stake in Venture Global during the third quarter worth approximately $2,837,000. Finally, Readystate Asset Management LP grew its stake in Venture Global by 248.9% in the 3rd quarter. Readystate Asset Management LP now owns 555,050 shares of the company’s stock valued at $7,876,000 after buying an additional 395,949 shares during the last quarter.

Venture Global Price Performance

Shares of VG opened at $9.45 on Friday. The firm has a market capitalization of $23.13 billion and a PE ratio of 12.12. The company’s 50-day moving average is $8.51 and its 200-day moving average is $9.76. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.83 and a quick ratio of 0.77. Venture Global, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $19.50.

Venture Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.017 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, December 15th. Venture Global’s dividend payout ratio (DPR) is 8.97%.

Insider Buying and Selling

In related news, insider Thomas Earl sold 1,000,000 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $6.89, for a total value of $6,890,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 86.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VG shares. Wells Fargo & Company set a $8.00 price objective on Venture Global in a research report on Monday, December 15th. UBS Group dropped their price objective on Venture Global from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Bank of America decreased their price target on Venture Global from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Zacks Research raised shares of Venture Global from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Venture Global in a report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Venture Global currently has an average rating of “Hold” and an average price target of $12.77.

Venture Global 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.