Venture Global, Inc. $VG Holdings Boosted by Artemis Investment Management LLP

Artemis Investment Management LLP raised its position in shares of Venture Global, Inc. (NYSE:VG) by 754.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,143,406 shares of the company’s stock after acquiring an additional 6,307,200 shares during the period. Artemis Investment Management LLP’s holdings in Venture Global were worth $90,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Venture Global by 135.6% during the first quarter. Bank of America Corp DE now owns 4,174,444 shares of the company’s stock worth $65,789,000 after acquiring an additional 2,402,771 shares during the period. Rubric Capital Management LP purchased a new stake in Venture Global in the first quarter valued at $23,640,000. Bank of New York Mellon Corp purchased a new position in Venture Global during the second quarter valued at approximately $14,230,000. Renaissance Technologies LLC lifted its stake in shares of Venture Global by 104.6% in the 1st quarter. Renaissance Technologies LLC now owns 2,046,840 shares of the company’s stock valued at $32,258,000 after purchasing an additional 1,046,300 shares during the period. Finally, Jennison Associates LLC acquired a new position in shares of Venture Global in the first quarter worth about $14,460,000.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VG. Royal Bank Of Canada reissued an “outperform” rating on shares of Venture Global in a research note on Wednesday. Wells Fargo & Company raised their target price on Venture Global from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein assumed coverage on Venture Global in a research note on Tuesday, June 16th. They set a “market perform” rating and a $14.00 target price on the stock. Weiss Ratings upgraded shares of Venture Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. Finally, Zacks Research raised Venture Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Venture Global has a consensus rating of “Moderate Buy” and a consensus price target of $16.13.

Insider Buying and Selling

In other Venture Global news, CFO Jonathan Thayer sold 111,111 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $14.40, for a total transaction of $1,599,998.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Sarah Blake sold 1,000,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $14.02, for a total value of $14,020,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,493,553 shares of company stock valued at $35,242,247 in the last ninety days. 84.24% of the stock is owned by corporate insiders.

Venture Global Stock Performance

Shares of NYSE:VG traded up $0.23 during trading on Thursday, hitting $13.29. 6,160,659 shares of the company traded hands, compared to its average volume of 17,972,477. The business’s fifty day moving average is $13.90 and its 200-day moving average is $13.34. The stock has a market capitalization of $33.21 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 0.53 and a beta of 0.35. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 3.44. Venture Global, Inc. has a one year low of $5.72 and a one year high of $17.62.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.51 earnings per share for the quarter, beating 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, equities analysts predict that Venture Global, Inc. will post 1.71 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued 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 payout ratio is currently 12.60%.

Venture Global 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.