Blair William & Co. IL Invests $367,000 in Venture Global, Inc. $VG

Blair William & Co. IL acquired a new position in shares of Venture Global, Inc. (NYSE:VG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,570 shares of the company’s stock, valued at approximately $367,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Allianz Asset Management GmbH bought a new position in Venture Global in the first quarter valued at $3,547,294,000. Vanguard Group Inc. bought a new position in Venture Global in the first quarter valued at $125,788,000. Deutsche Bank AG bought a new position in Venture Global in the first quarter valued at $37,798,000. Millennium Management LLC bought a new position in Venture Global in the first quarter valued at $32,099,000. Finally, Tortoise Capital Advisors L.L.C. bought a new position in Venture Global in the first quarter valued at $28,673,000.

Insider Activity

In other Venture Global news, insider Thomas Earl sold 500,000 shares of Venture Global stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $13.69, for a total value of $6,845,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 1,500,000 shares of company stock worth $20,561,011. Company insiders own 86.73% of the company’s stock.

Venture Global Stock Performance

NYSE VG opened at $8.89 on Friday. The firm has a 50-day moving average of $12.89 and a 200-day moving average of $12.78. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39. Venture Global, Inc. has a 52-week low of $6.75 and a 52-week high of $25.50.

Venture Global Increases Dividend

The business also recently announced a half year 25 dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a dividend of $0.017 per share. The ex-dividend date was Friday, September 19th. This represents a dividend yield of 50.0%. This is a boost from Venture Global’s previous half year 25 dividend of $0.02.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VG. Wells Fargo & Company raised their target price on shares of Venture Global from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. Tudor Pickering raised shares of Venture Global to a “hold” rating in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. raised their target price on shares of Venture Global from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Venture Global in a research note on Wednesday, October 8th. Finally, Scotiabank cut their price target on shares of Venture Global from $16.00 to $13.00 and set a “sector perform” rating for the company in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.31.

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.