BTG Pactual Asset Management US LLC Takes $3.34 Million Position in Venture Global, Inc. $VG

BTG Pactual Asset Management US LLC purchased a new stake in shares of Venture Global, Inc. (NYSE:VG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 300,000 shares of the company’s stock, valued at approximately $3,339,000.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Venture Global during the 2nd quarter worth about $26,000. LRI Investments LLC purchased a new position in Venture Global during the second quarter valued at approximately $28,000. Harbour Investments Inc. purchased a new position in shares of Venture Global during the 4th quarter valued at $29,000. Rockefeller Capital Management L.P. raised its holdings in shares of Venture Global by 218.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after acquiring an additional 3,031 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in Venture Global by 217.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,230 shares of the company’s stock valued at $42,000 after purchasing an additional 4,268 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VG. Citigroup raised Venture Global from a “neutral” rating to a “buy” rating and raised their price target for the stock from $12.00 to $17.00 in a research note on Wednesday, May 13th. Raymond James Financial restated an “outperform” rating and issued a $16.00 price objective on shares of Venture Global in a report on Wednesday, May 20th. Wells Fargo & Company raised their price objective on shares of Venture Global from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. raised shares of Venture Global from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $16.00 to $17.00 in a research report on Thursday, June 4th. Finally, The Goldman Sachs Group set a $18.00 price target on shares of Venture Global in a research note on Thursday, May 14th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.07.

Venture Global Price Performance

Shares of VG stock opened at $14.18 on Monday. The stock’s 50 day simple moving average is $12.98 and its 200 day simple moving average is $12.74. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $17.62. 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 $35.45 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.59 and a beta of 0.22.

Venture Global (NYSE:VG) last announced its earnings results on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Venture Global had a return on equity of 34.08% and a net margin of 21.24%.The firm had revenue of $4.58 billion during the quarter. As a group, research analysts predict that Venture Global, Inc. will post 1.63 EPS for the current year.

Venture Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.16 annualized dividend and a dividend yield of 1.1%. This is an increase from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s payout ratio is currently 5.51%.

Insiders Place Their Bets

In other Venture Global news, CFO Jonathan W. Thayer sold 111,111 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $13.86, for a total transaction of $1,539,998.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sarah Blake sold 1,000,000 shares of Venture Global stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $14.02, for a total value of $14,020,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,340,893 shares of company stock worth $32,404,567 in the last ninety days. 84.24% of the stock is owned by insiders.

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.