Catalyst Capital Advisors LLC Buys 47,425 Shares of Venture Global, Inc. $VG

Catalyst Capital Advisors LLC increased its position in Venture Global, Inc. (NYSE:VG) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,918,823 shares of the company’s stock after purchasing an additional 47,425 shares during the quarter. Venture Global makes up about 0.9% of Catalyst Capital Advisors LLC’s portfolio, making the stock its 23rd biggest position. Catalyst Capital Advisors LLC’s holdings in Venture Global were worth $46,001,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global during the 2nd quarter valued at $26,000. MAI Capital Management bought a new position in shares of Venture Global during the 3rd quarter worth $29,000. Blue Trust Inc. increased its stake in shares of Venture Global by 1,750.0% during the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after buying an additional 3,500 shares during the period. Harbour Investments Inc. purchased a new position in shares of Venture Global during the fourth quarter valued at $29,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Venture Global by 218.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after buying an additional 3,031 shares during the period.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Venture Global from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $16.00 to $17.00 in a research note on Thursday, June 4th. UBS Group raised their target price on shares of Venture Global from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Sanford C. Bernstein assumed coverage on shares of Venture Global in a report on Tuesday, June 16th. They issued a “market perform” rating and a $14.00 price target for the company. Scotiabank upped their price target on shares of Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Venture Global in a research report on Wednesday, May 20th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.94.

Venture Global Trading Down 0.4%

Shares of NYSE VG opened at $10.91 on Monday. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. The stock has a market capitalization of $27.11 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 0.48 and a beta of 0.27. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $18.18. The business has a fifty day moving average price of $12.43 and a 200 day moving average price of $11.02.

Venture Global (NYSE:VG) last posted its earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $4.60 billion for 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% compared to the same quarter last year. Equities research analysts expect that Venture Global, Inc. will post 1.44 EPS for the current fiscal year.

Venture Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.018 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, June 15th. Venture Global’s dividend payout ratio (DPR) is currently 7.78%.

Insider Activity

In other news, COO Brian Cothran sold 473,533 shares of Venture Global stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $14.81, for a total value of $7,013,023.73. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $12,440,000.00. The SEC filing for this sale provides additional information. Insiders sold 4,570,511 shares of company stock worth $59,690,394 in the last quarter. 84.24% of the stock is currently owned by corporate insiders.

About Venture Global

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.