164,400 Shares in Venture Global, Inc. $VG Acquired by Polianta Ltd

Polianta Ltd acquired a new stake in Venture Global, Inc. (NYSE:VG) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 164,400 shares of the company’s stock, valued at approximately $1,829,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Venture Global by 82.7% during the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock worth $73,739,000 after buying an additional 4,893,707 shares in the last quarter. UBS Group AG lifted its stake in shares of Venture Global by 520.8% in the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock worth $42,827,000 after buying an additional 5,268,053 shares in the last quarter. Geode Capital Management LLC boosted its position in Venture Global by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock worth $34,811,000 after acquiring an additional 273,331 shares during the last quarter. Cohen & Steers Inc. boosted its position in Venture Global by 4.6% during the fourth quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock worth $33,849,000 after acquiring an additional 219,505 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Venture Global during the 2nd quarter valued at about $76,489,000.

Venture Global Stock Down 2.2%

VG stock opened at $13.28 on Friday. The firm has a market cap of $32.99 billion, a PE ratio of 14.75, a PEG ratio of 0.59 and a beta of 0.22. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. The firm’s 50 day moving average price is $12.44 and its 200-day moving average price is $12.23. Venture Global, Inc. has a one year low of $5.72 and a one year high of $17.62.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $4.60 billion during the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The company’s revenue was up 58.9% on a year-over-year basis. On average, equities research analysts anticipate that Venture Global, Inc. will post 1.51 EPS for the current year.

Venture Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.018 per share. The ex-dividend date was Monday, June 15th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.5%. Venture Global’s dividend payout ratio (DPR) is currently 7.78%.

Analysts Set New Price Targets

A number of research firms have commented on VG. Sanford C. Bernstein started coverage on shares of Venture Global in a report on Tuesday, June 16th. They issued a “market perform” rating and a $14.00 price objective for the company. Weiss Ratings lowered Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. Morgan Stanley increased their price target on Venture Global from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Raymond James Financial reiterated an “outperform” rating and set a $16.00 price objective on shares of Venture Global in a research report on Wednesday, May 20th. Finally, Citigroup raised Venture Global from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $12.00 to $17.00 in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.06.

Insider Activity at Venture Global

In other Venture Global news, insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $12.44, for a total value of $12,440,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jonathan W. Thayer sold 111,111 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $14.21, for a total value of $1,578,887.31. The SEC filing for this sale provides additional information. Insiders have sold 4,459,399 shares of company stock valued at $58,670,384 in the last ninety days. Insiders own 84.24% of the company’s stock.

Venture Global 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.