Venture Global (NYSE:VG) Shares Climb 4.2% – Still a Buy?

Venture Global, Inc. (NYSE:VG)’s stock price traded up 4.2% during mid-day trading on Tuesday. The company traded as high as $13.65 and last traded at $13.6780. 2,153,640 shares traded hands during trading, a decline of 88% from the average session volume of 17,811,205 shares. The stock had previously closed at $13.13.

Analyst Upgrades and Downgrades

VG has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Venture Global in a research report on Wednesday, October 7th. Scotiabank upped their target price on shares of Venture Global from $15.00 to $16.00 and gave the stock a “sector perform” rating in a report on Thursday, September 10th. Zacks Research downgraded shares of Venture Global from a “strong-buy” rating to a “hold” rating in a report on Monday. Weiss Ratings upgraded Venture Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Finally, Mizuho raised their price target on Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Venture Global currently has a consensus rating of “Moderate Buy” and an average price target of $16.13.

Venture Global Trading Down 4.3%

The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.11 and a current ratio of 1.19. The company has a market capitalization of $33.11 billion, a PE ratio of 10.43, a PEG ratio of 1.67 and a beta of 0.35. The stock has a fifty day moving average of $13.93 and a 200 day moving average of $13.23.

Venture Global (NYSE:VG) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $4.58 billion during the quarter. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. As a group, sell-side analysts predict that Venture Global, Inc. will post 1.73 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.04 per share. This is a positive change from Venture Global’s previous quarterly dividend of $0.0180. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 15th. Venture Global’s dividend payout ratio (DPR) is currently 12.60%.

Insider Activity at Venture Global

In other Venture Global news, Director Sari Granat sold 200,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $13.49, for a total value of $2,698,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jonathan W. Thayer sold 111,111 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $14.40, for a total transaction of $1,599,998.40. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,493,553 shares of company stock valued at $35,242,247 in the last ninety days. Corporate insiders own 84.24% of the company’s stock.

Institutional Investors Weigh In On Venture Global

Several large investors have recently made changes to their positions in VG. Corecam AG bought a new stake in shares of Venture Global in the 2nd quarter worth about $2,401,000. Y Intercept Hong Kong Ltd grew its position in Venture Global by 304.4% in the first quarter. Y Intercept Hong Kong Ltd now owns 149,214 shares of the company’s stock worth $2,352,000 after acquiring an additional 112,318 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in Venture Global in the first quarter worth about $2,235,000. Artemis Investment Management LLP increased its stake in Venture Global by 754.3% during the third quarter. Artemis Investment Management LLP now owns 7,143,406 shares of the company’s stock worth $90,293,000 after acquiring an additional 6,307,200 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in Venture Global during the second quarter worth approximately $1,446,000.

About Venture Global

Venture Global, Inc (NYSE:VG) is a U.S. liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company’s business includes sourcing natural gas, processing and liquefying it, and delivering LNG to customers in international energy markets.

Venture Global’s principal operations are located along the U.S. Gulf Coast in Louisiana. Its Calcasieu Pass LNG facility began producing LNG in 2022, and the company is also developing the Plaquemines LNG facility near Port Sulphur, Louisiana.