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

Shares of Venture Global, Inc. (NYSE:VG) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $17.00.

VG has been the subject of several recent analyst reports. Tudor Pickering upgraded shares of Venture Global to a “hold” rating in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. raised their price target on shares of Venture Global from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Bank of America raised their price target on shares of Venture Global from $12.00 to $18.50 and gave the stock a “buy” rating in a report on Wednesday, June 25th. UBS Group upgraded shares of Venture Global from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Monday, August 25th. Finally, Wells Fargo & Company raised their price target on shares of Venture Global from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th.

Venture Global Price Performance

VG opened at $13.61 on Friday. Venture Global has a twelve month low of $6.75 and a twelve month high of $25.50. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38. The company has a fifty day moving average of $14.19 and a 200-day moving average of $12.54.

Venture Global Increases Dividend

The business also recently declared a half year 25 dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a $0.017 dividend. The ex-dividend date is Friday, September 19th. This is a positive change from Venture Global’s previous half year 25 dividend of $0.02. This represents a yield of 50.0%.

Institutional Investors Weigh In On Venture Global

A number of large investors have recently bought and sold shares of VG. Northwestern Mutual Wealth Management Co. acquired a new stake in Venture Global in the second quarter worth $26,000. AdvisorNet Financial Inc acquired a new position in shares of Venture Global during the second quarter valued at about $28,000. Center for Financial Planning Inc. acquired a new position in shares of Venture Global during the first quarter valued at about $37,000. Delos Wealth Advisors LLC acquired a new position in shares of Venture Global during the second quarter valued at about $45,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Venture Global during the second quarter valued at about $47,000.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.