Venture Global (NYSE:VG) VP Fory Musser Sells 447,534 Shares

Venture Global, Inc. (NYSE:VG) VP Fory Musser sold 447,534 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $14.02, for a total transaction of $6,274,426.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Fory Musser also recently made the following trade(s):

• On Monday, August 17th, Fory Musser sold 22,013 shares of Venture Global stock. The stock was sold at an average price of $14.02, for a total transaction of $308,622.26.
• On Tuesday, May 26th, Fory Musser sold 266,265 shares of Venture Global stock. The stock was sold at an average price of $13.09, for a total transaction of $3,485,408.85.
• On Wednesday, May 27th, Fory Musser sold 233,735 shares of Venture Global stock. The shares were sold at an average price of $12.61, for a total transaction of $2,947,398.35.

Venture Global Price Performance

NYSE VG opened at $14.21 on Wednesday. The stock has a market capitalization of $35.32 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.59 and a beta of 0.22. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $17.62. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.19 and a quick ratio of 1.11. The business’s fifty day moving average price is $12.60 and its 200-day moving average price is $12.48.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $4.58 billion during the quarter. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. On average, equities analysts predict that Venture Global, Inc. will post 1.59 earnings per share for the current year.

Venture Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.16 annualized dividend and a yield of 1.1%. Venture Global’s payout ratio is 5.51%.

Institutional Investors Weigh In On Venture Global

A number of institutional investors and hedge funds have recently bought and sold shares of VG. State Street Corp grew its position 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 purchasing an additional 4,893,707 shares in the last quarter. UBS Group AG raised its stake in Venture Global by 520.8% during the 4th quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after purchasing an additional 5,268,053 shares during the period. Geode Capital Management LLC lifted its holdings in Venture Global by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock worth $34,811,000 after purchasing an additional 273,331 shares in the last quarter. Cohen & Steers Inc. boosted its stake in Venture Global by 4.6% in the 4th quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock worth $33,849,000 after purchasing an additional 219,505 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Venture Global in the 2nd quarter worth approximately $76,489,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VG. JPMorgan Chase & Co. upgraded shares of Venture Global from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $16.00 to $17.00 in a research note on Thursday, June 4th. Raymond James Financial reaffirmed an “outperform” rating and set a $16.00 target price on shares of Venture Global in a report on Wednesday, May 20th. The Goldman Sachs Group set a $18.00 price target on shares of Venture Global in a research report on Thursday, May 14th. Wells Fargo & Company lifted their price target on shares of Venture Global from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 12th. Finally, Mizuho boosted their price objective on shares of Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.12.

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.