Prospera Financial Services Inc Buys 75,159 Shares of Venture Global, Inc. $VG

Prospera Financial Services Inc lifted its holdings in shares of Venture Global, Inc. (NYSE:VG) by 148.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,959 shares of the company’s stock after acquiring an additional 75,159 shares during the quarter. Prospera Financial Services Inc’s holdings in Venture Global were worth $859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VG. Vanguard Group Inc. raised its holdings in shares of Venture Global by 147.4% during the third quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock valued at $324,417,000 after acquiring an additional 13,620,863 shares in the last quarter. UBS Group AG raised its holdings in shares of Venture Global by 520.8% during the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after acquiring an additional 5,268,053 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Venture Global during the second quarter valued at approximately $76,489,000. WINTON GROUP Ltd bought a new position in shares of Venture Global during the third quarter valued at approximately $13,632,000. Finally, Alps Advisors Inc. bought a new position in shares of Venture Global during the third quarter valued at approximately $13,413,000.

Venture Global Price Performance

Shares of VG stock opened at $12.04 on Friday. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $19.50. The stock has a market cap of $29.91 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.57 and a beta of 0.44. The business’s fifty day moving average is $13.66 and its 200 day moving average is $10.36. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40.

Venture Global (NYSE:VG) last released its earnings results on Monday, May 11th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The firm had revenue of $4.60 billion for the quarter. Venture Global’s quarterly revenue was up 58.9% compared to the same quarter last year. Research analysts expect that Venture Global, Inc. will post 1.39 EPS for the current fiscal year.

Venture Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a dividend of $0.018 per share. The ex-dividend date was Monday, March 16th. This represents a $0.07 annualized dividend and a yield of 0.6%. This is an increase from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s dividend payout ratio (DPR) is currently 7.78%.

Insider Activity

In other news, VP Fory Musser sold 2,000,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $13.09, for a total transaction of $26,180,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $11.83, for a total transaction of $11,830,000.00. The SEC filing for this sale provides additional information. Insiders sold 10,331,623 shares of company stock valued at $140,465,488 over the last three months. Corporate insiders own 84.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VG. US Capital Advisors set a $13.00 target price on Venture Global in a report on Friday. Raymond James Financial restated an “outperform” rating and set a $16.00 target price on shares of Venture Global in a report on Wednesday, May 20th. Zacks Research upgraded Venture Global from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. UBS Group upped their target price on Venture Global from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Finally, New Street Research set a $15.00 target price on Venture Global in a report on Tuesday, March 3rd. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.25.

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.