Creative Financial Designs Inc. ADV Purchases New Stake in Venture Global, Inc. $VG

Creative Financial Designs Inc. ADV purchased a new stake in shares of Venture Global, Inc. (NYSE:VG) in the second quarter, Holdings Channel reports. The firm purchased 17,545 shares of the company’s stock, valued at approximately $273,000.

Several other institutional investors have also added to or reduced their stakes in VG. Allianz Asset Management GmbH purchased a new stake in shares of Venture Global in the 1st quarter worth about $3,547,294,000. Vanguard Group Inc. purchased a new stake in shares of Venture Global in the 1st quarter worth about $125,788,000. Deutsche Bank AG purchased a new stake in shares of Venture Global in the 1st quarter worth about $37,798,000. Millennium Management LLC purchased a new stake in shares of Venture Global in the 1st quarter worth about $32,099,000. Finally, Tortoise Capital Advisors L.L.C. purchased a new stake in shares of Venture Global in the 1st quarter worth about $28,673,000.

Analysts Set New Price Targets

Several research firms have recently commented on VG. Scotiabank dropped their target price on shares of Venture Global from $16.00 to $13.00 and set a “sector perform” rating for the company in a research report on Friday, October 17th. Tudor Pickering raised shares of Venture Global to a “hold” rating in a research report on Tuesday, September 2nd. Wells Fargo & Company raised their target price on shares of Venture Global from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 14th. Mizuho reaffirmed a “neutral” rating and issued a $12.00 target price (down from $17.00) on shares of Venture Global in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Venture Global from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Venture Global currently has a consensus rating of “Hold” and a consensus target price of $16.31.

Venture Global Stock Down 0.4%

NYSE:VG opened at $8.55 on Monday. The firm’s 50-day moving average price is $12.19 and its 200-day moving average price is $12.93. The company has a market capitalization of $20.75 billion and a PE ratio of 13.56. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.39 and a quick ratio of 1.33. Venture Global, Inc. has a 1-year low of $6.75 and a 1-year high of $25.50.

Venture Global Increases Dividend

The company also recently disclosed a half year 25 dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were paid a dividend of $0.017 per share. The ex-dividend date was Friday, September 19th. This represents a yield of 50.0%. This is an increase from Venture Global’s previous half year 25 dividend of $0.02. Venture Global’s dividend payout ratio (DPR) is 11.11%.

Insiders Place Their Bets

In other Venture Global news, insider Thomas Earl sold 500,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $13.69, for a total transaction of $6,845,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 1,500,000 shares of company stock worth $20,561,011. 86.73% of the stock is currently owned by company insiders.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.