Sei Investments Co. Boosts Stake in Venture Global, Inc. $VG

Sei Investments Co. grew its position in shares of Venture Global, Inc. (NYSE:VG) by 21.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 225,681 shares of the company’s stock after buying an additional 39,229 shares during the quarter. Sei Investments Co.’s holdings in Venture Global were worth $3,557,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VG. Blue Trust Inc. increased its position 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 acquiring an additional 3,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Venture Global in the second quarter worth $26,000. Harbour Investments Inc. purchased a new position in Venture Global in the fourth quarter worth $29,000. Rockefeller Capital Management L.P. grew its stake in Venture Global by 218.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after purchasing an additional 3,031 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in Venture Global by 217.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,230 shares of the company’s stock valued at $42,000 after purchasing an additional 4,268 shares during the period.

Insider Buying and Selling at Venture Global

In other news, CFO Jonathan W. Thayer sold 111,111 shares of Venture Global stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $14.21, for a total value of $1,578,887.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Brian Cothran sold 31,910 shares of the business’s 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 sold 4,459,399 shares of company stock valued at $58,670,384 in the last three months. 84.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on VG shares. JPMorgan Chase & Co. upgraded Venture Global from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $16.00 to $17.00 in a research note on Thursday, June 4th. Weiss Ratings lowered shares of Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. The Goldman Sachs Group set a $18.00 price objective on shares of Venture Global in a report on Thursday, May 14th. Citigroup raised shares of Venture Global from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $17.00 in a research report on Wednesday, May 13th. Finally, Sanford C. Bernstein initiated coverage on shares of Venture Global in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $14.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.06.

Venture Global Stock Performance

Shares of VG opened at $13.53 on Friday. The firm has a market cap of $33.61 billion, a PE ratio of 15.03, a PEG ratio of 0.55 and a beta of 0.22. The stock’s fifty day moving average price is $12.42 and its two-hundred day moving average price is $12.22. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $17.62.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The firm 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 firm’s revenue was up 58.9% on a year-over-year basis. On average, equities research analysts forecast that Venture Global, Inc. will post 1.51 EPS for the current year.

Venture Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued 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 0.5%. Venture Global’s dividend payout ratio is 7.78%.

Venture Global Company Profile

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.