Pacer Advisors Inc. Has $2.45 Million Holdings in Venture Global, Inc. $VG

Pacer Advisors Inc. raised its position in shares of Venture Global, Inc. (NYSE:VG) by 74.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,275 shares of the company’s stock after purchasing an additional 73,481 shares during the period. Pacer Advisors Inc.’s holdings in Venture Global were worth $2,445,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VG. Raymond James Financial Inc. acquired a new position in Venture Global during the first quarter worth $2,926,000. Comerica Bank bought a new stake in shares of Venture Global during the 1st quarter worth about $157,000. Royal Bank of Canada acquired a new position in shares of Venture Global during the 1st quarter valued at about $2,150,000. Adage Capital Partners GP L.L.C. bought a new position in shares of Venture Global in the 1st quarter valued at approximately $20,085,000. Finally, Interval Partners LP acquired a new stake in Venture Global in the 1st quarter worth approximately $565,000.

Analyst Ratings Changes

Several brokerages have commented on VG. Capital One Financial started coverage on Venture Global in a report on Tuesday, November 4th. They set an “equal weight” rating and a $11.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Venture Global in a report on Monday. Tudor Pickering upgraded shares of Venture Global to a “hold” rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. decreased their price target on shares of Venture Global from $16.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $17.50 price target on shares of Venture Global in a research report on Monday, November 10th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Venture Global presently has a consensus rating of “Hold” and a consensus target price of $14.25.

Insider Transactions at Venture Global

In other news, VP Fory Musser sold 42,901 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $7.80, for a total value of $334,627.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas Earl sold 1,000,000 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $6.89, for a total value of $6,890,000.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,000,000 shares of company stock worth $22,904,729. 86.73% of the stock is currently owned by insiders.

Venture Global Price Performance

Shares of NYSE:VG opened at $7.01 on Wednesday. The firm has a market capitalization of $17.16 billion and a PE ratio of 8.99. 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 1-year low of $5.72 and a 1-year high of $25.50. The business’s 50 day moving average is $7.44 and its 200-day moving average is $11.76.

Venture Global (NYSE:VG) last issued its earnings results on Monday, November 10th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.06). The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.23 billion. Venture Global had a return on equity of 29.55% and a net margin of 21.99%.The firm’s quarterly revenue was up 259.5% compared to the same quarter last year. Sell-side analysts predict that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.017 per share. This represents a $0.07 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, December 15th. Venture Global’s payout ratio is 7.69%.

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.