Hohimer Wealth Management LLC Takes $3.96 Million Position in Venture Global, Inc. $VG

Hohimer Wealth Management LLC acquired a new position in shares of Venture Global, Inc. (NYSE:VG) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 278,697 shares of the company’s stock, valued at approximately $3,955,000.

A number of other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada acquired a new stake in Venture Global during the 1st quarter worth approximately $2,150,000. Integrated Wealth Concepts LLC acquired a new stake in Venture Global during the 1st quarter worth $152,000. NewEdge Advisors LLC purchased a new position in Venture Global during the 1st quarter worth approximately $460,000. CWM LLC raised its position in Venture Global by 278.4% in the 2nd quarter. CWM LLC now owns 6,050 shares of the company’s stock valued at $94,000 after purchasing an additional 4,451 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Venture Global during the second quarter worth about $3,148,000.

Venture Global Stock Up 1.5%

Shares of NYSE:VG opened at $9.45 on Friday. The stock has a market capitalization of $23.13 billion and a price-to-earnings ratio of 12.12. The company’s fifty day moving average is $8.51 and its two-hundred day moving average is $9.76. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $19.50. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.77 and a current ratio of 0.83.

Venture Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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 was Monday, December 15th. Venture Global’s dividend payout ratio (DPR) is presently 8.97%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VG. JPMorgan Chase & Co. downgraded shares of Venture Global from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $10.00 to $11.00 in a research report on Tuesday, January 27th. US Capital Advisors raised shares of Venture Global to a “moderate sell” rating in a research note on Monday, December 15th. Morgan Stanley started coverage on Venture Global in a research note on Tuesday. They issued an “underweight” rating and a $8.00 target price for the company. Royal Bank Of Canada reissued an “outperform” rating and set a $11.00 price target on shares of Venture Global in a research report on Wednesday, January 28th. Finally, Zacks Research upgraded Venture Global from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.77.

Insider Transactions at Venture Global

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

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.