Vanguard Group Inc. Has $324.42 Million Holdings in Venture Global, Inc. $VG

Vanguard Group Inc. grew its position in Venture Global, Inc. (NYSE:VG) by 147.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,862,372 shares of the company’s stock after purchasing an additional 13,620,863 shares during the period. Vanguard Group Inc. owned approximately 0.94% of Venture Global worth $324,417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global during the 2nd quarter worth about $26,000. UMB Bank n.a. raised its holdings in Venture Global by 161.2% during the third quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock worth $42,000 after acquiring an additional 1,820 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in Venture Global during the second quarter worth about $45,000. Allworth Financial LP acquired a new position in Venture Global during the second quarter valued at approximately $63,000. Finally, Future Financial Wealth Managment LLC grew its stake in Venture Global by 66.7% in the third quarter. Future Financial Wealth Managment LLC now owns 5,000 shares of the company’s stock valued at $71,000 after purchasing an additional 2,000 shares in the last quarter.

Insider Transactions at Venture Global

In other Venture Global news, insider Thomas Earl sold 1,000,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $6.89, for a total value of $6,890,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 86.73% of the stock is owned by insiders.

Venture Global Price Performance

Venture Global stock opened at $9.68 on Friday. The company has a market capitalization of $23.69 billion and a price-to-earnings ratio of 12.41. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 3.46. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $19.50. The stock’s 50 day moving average is $8.58 and its 200-day moving average is $9.74.

Venture Global Dividend Announcement

The business also recently declared 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 payout ratio is 8.97%.

Wall Street Analyst Weigh In

VG has been the subject of several recent analyst reports. UBS Group cut their price objective on Venture Global from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Morgan Stanley initiated coverage on shares of Venture Global in a research note on Tuesday. They set an “underweight” rating and a $8.00 price objective on the stock. Wells Fargo & Company set a $8.00 target price on shares of Venture Global in a report on Monday, December 15th. Bank of America reduced their price target on Venture Global from $15.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Finally, Citigroup dropped their price objective 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. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.77.

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.