Venture Global, Inc. (NYSE:VG) Given Average Recommendation of “Moderate Buy” by Brokerages

Venture Global, Inc. (NYSE:VG) has been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $15.9375.

Several equities analysts have recently issued reports on the company. Scotiabank boosted their price objective on Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Raymond James Financial reaffirmed an “outperform” rating and set a $16.00 target price on shares of Venture Global in a research note on Wednesday, May 20th. The Goldman Sachs Group set a $18.00 price target on Venture Global in a research report on Thursday, May 14th. Mizuho increased their price target on Venture Global from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Citigroup raised Venture Global from a “neutral” rating to a “buy” rating and raised their price target for the company from $12.00 to $17.00 in a report on Wednesday, May 13th.

Venture Global Trading Up 1.4%

Shares of NYSE:VG opened at $12.55 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. The company’s 50-day moving average price is $12.31 and its 200 day moving average price is $11.36. The company has a market cap of $31.17 billion, a PE ratio of 13.94, a P/E/G ratio of 0.55 and a beta of 0.33. Venture Global has a fifty-two week low of $5.72 and a fifty-two week high of $18.18.

Venture Global (NYSE:VG) last posted its earnings results on Monday, May 11th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The firm had revenue of $4.60 billion during the quarter. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business’s revenue for the quarter was up 58.9% on a year-over-year basis. Sell-side analysts anticipate that Venture Global will post 1.44 earnings per share for the current year.

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.018 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.07 annualized dividend and a yield of 0.6%. Venture Global’s dividend payout ratio (DPR) is presently 7.78%.

Insider Activity at Venture Global

In other news, CFO Jonathan W. Thayer sold 111,111 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $11.05, for a total value of $1,227,776.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Brian Cothran sold 31,910 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $14.33, for a total transaction of $457,270.30. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,570,511 shares of company stock valued at $59,690,394 over the last quarter. Corporate insiders own 84.24% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Blue Trust Inc. raised its position in Venture Global by 1,750.0% in the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after acquiring an additional 3,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global in the 2nd quarter worth approximately $26,000. MAI Capital Management acquired a new position in shares of Venture Global in the 3rd quarter worth approximately $29,000. Harbour Investments Inc. bought a new position in shares of Venture Global in the fourth quarter valued at $29,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Venture Global by 218.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after acquiring an additional 3,031 shares during the last quarter.

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.