Venture Global (NYSE:VG) Stock Moved Down to “Hold” by Zacks Research

Zacks Research downgraded shares of Venture Global (NYSE:VG) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks reports.

Several other brokerages also recently weighed in on VG. The Goldman Sachs Group reissued a “buy” rating on shares of Venture Global in a research note on Friday. Royal Bank Of Canada restated an “outperform” rating on shares of Venture Global in a report on Wednesday, October 7th. Mizuho lifted their price target on shares of Venture Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Scotiabank upped their price target on shares of Venture Global from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Thursday, September 10th. Finally, Weiss Ratings upgraded shares of Venture Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.13.

Venture Global Price Performance

Shares of NYSE:VG opened at $13.85 on Monday. The firm has a market cap of $34.61 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 1.58 and a beta of 0.35. The firm has a fifty day moving average price of $13.91 and a 200 day moving average price of $13.26. Venture Global has a fifty-two week low of $5.72 and a fifty-two week high of $17.62. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.11 and a current ratio of 1.19.

Venture Global (NYSE:VG) last released its quarterly earnings data on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. The business had revenue of $4.58 billion for the quarter. As a group, sell-side analysts expect that Venture Global will post 1.73 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from Venture Global’s previous quarterly dividend of $0.0180. Venture Global’s dividend payout ratio is presently 12.60%.

Insider Buying and Selling at Venture Global

In related news, VP Fory Musser sold 259,413 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $14.26, for a total transaction of $3,699,229.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jimmy Staton sold 66,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $13.35, for a total value of $881,100.00. Following the completion of the sale, the director directly owned 1,083,000 shares of the company’s stock, valued at $14,458,050. The trade was a 5.74% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,493,553 shares of company stock valued at $35,242,247. 84.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Venture Global

Several institutional investors and hedge funds have recently bought and sold shares of the business. Courier Capital LLC grew its holdings in Venture Global by 92.9% during the third quarter. Courier Capital LLC now owns 39,592 shares of the company’s stock worth $500,000 after acquiring an additional 19,071 shares during the period. Farther Finance Advisors LLC lifted its holdings in Venture Global by 17.1% in the third quarter. Farther Finance Advisors LLC now owns 128,183 shares of the company’s stock valued at $1,620,000 after acquiring an additional 18,699 shares during the period. Artemis Investment Management LLP lifted its holdings in Venture Global by 754.3% in the third quarter. Artemis Investment Management LLP now owns 7,143,406 shares of the company’s stock valued at $90,293,000 after acquiring an additional 6,307,200 shares during the period. QRG Capital Management Inc. boosted its position in Venture Global by 8.1% in the 2nd quarter. QRG Capital Management Inc. now owns 43,828 shares of the company’s stock worth $488,000 after purchasing an additional 3,281 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its position in Venture Global by 69.5% in the 2nd quarter. Engineers Gate Manager LP now owns 352,378 shares of the company’s stock worth $3,922,000 after purchasing an additional 144,477 shares in the last quarter.

Venture Global Company Profile

Venture Global, Inc (NYSE:VG) is a U.S. liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company’s business includes sourcing natural gas, processing and liquefying it, and delivering LNG to customers in international energy markets.

Venture Global’s principal operations are located along the U.S. Gulf Coast in Louisiana. Its Calcasieu Pass LNG facility began producing LNG in 2022, and the company is also developing the Plaquemines LNG facility near Port Sulphur, Louisiana.