ORG Wealth Partners LLC Raises Position in Venture Global, Inc. $VG

ORG Wealth Partners LLC lifted its position in shares of Venture Global, Inc. (NYSE:VGFree Report) by 38.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 113,137 shares of the company’s stock after buying an additional 31,497 shares during the quarter. ORG Wealth Partners LLC’s holdings in Venture Global were worth $772,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Venture Global in the second quarter worth $26,000. MAI Capital Management purchased a new stake in Venture Global in the third quarter worth approximately $29,000. UMB Bank n.a. grew its position in Venture Global by 161.2% in the 3rd quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock worth $42,000 after purchasing an additional 1,820 shares during the period. Delos Wealth Advisors LLC purchased a new stake in Venture Global during the 2nd quarter valued at $45,000. Finally, Future Financial Wealth Managment LLC raised its stake in Venture Global by 66.7% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 5,000 shares of the company’s stock valued at $71,000 after buying an additional 2,000 shares during the last quarter.

Venture Global News Roundup

Here are the key news stories impacting Venture Global this week:

Insiders Place Their Bets

In related news, insider Thomas Earl sold 1,000,000 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $11.83, for a total transaction of $11,830,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sarah Blake sold 300,000 shares of Venture Global stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $11.85, for a total value of $3,555,000.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 5,872,223 shares of company stock worth $82,002,870. 86.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

VG has been the topic of a number of research reports. The Goldman Sachs Group raised their price target on Venture Global from $15.00 to $18.50 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Raymond James Financial reaffirmed an “outperform” rating and set a $13.00 target price on shares of Venture Global in a report on Thursday, March 5th. New Street Research set a $15.00 price target on shares of Venture Global in a research report on Tuesday, March 3rd. Royal Bank Of Canada lifted their price target on shares of Venture Global from $11.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Finally, Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 18th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.70.

View Our Latest Report on Venture Global

Venture Global Price Performance

NYSE VG opened at $17.51 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 3.24. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $19.50. The stock has a market cap of $43.01 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.54 and a beta of 5.70. The company’s 50 day moving average is $11.14 and its two-hundred day moving average is $9.80.

Venture Global (NYSE:VGGet Free Report) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The business had revenue of $4.45 billion during the quarter. Venture Global had a net margin of 18.38% and a return on equity of 27.96%. The company’s quarterly revenue was up 191.7% compared to the same quarter last year. As a group, research analysts anticipate that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.018 dividend. The ex-dividend date is Monday, March 16th. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a dividend yield of 0.4%. Venture Global’s dividend payout ratio (DPR) is presently 8.14%.

Venture Global Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Venture Global (NYSE:VG)

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