Venture Global, Inc. (NYSE:VG) Shareholders to Collect $0.04 Quarterly Dividend

Venture Global, Inc. (NYSE:VG) announced a quarterly dividend on Tuesday, November 10th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.04 per share on Thursday, December 31st. This represents a $0.16 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, December 15th.

Venture Global Stock Up 1.6%

Shares of VG stock traded up $0.18 on Tuesday, reaching $11.98. 20,210,488 shares of the stock were exchanged, compared to its average volume of 17,875,496. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 3.44. The business’s 50 day moving average price is $13.59 and its 200 day moving average price is $12.76. The company has a market capitalization of $29.96 billion, a price-to-earnings ratio of 9.44 and a beta of 0.22. Venture Global has a twelve month low of $5.72 and a twelve month high of $17.62.

Venture Global (NYSE:VG) last posted its earnings results on Monday, November 9th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.50 by $0.46. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. The firm had revenue of $4.76 billion for the quarter. During the same period last year, the company earned $0.16 EPS. The business’s quarterly revenue was up 42.9% compared to the same quarter last year. As a group, sell-side analysts expect that Venture Global will post 1.79 earnings per share for the current fiscal year.

Insider Transactions at Venture Global

In other Venture Global news, CAO Sarah Blake sold 1,000,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $14.02, for a total transaction of $14,020,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brian Cothran sold 152,660 shares of Venture Global stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $16.15, for a total value of $2,465,459.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,493,553 shares of company stock worth $35,074,470 over the last three months. 84.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Venture Global

Several hedge funds have recently modified their holdings of the stock. Artemis Investment Management LLP increased 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 buying an additional 6,307,200 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Venture Global by 135.6% during the 1st quarter. Bank of America Corp DE now owns 4,174,444 shares of the company’s stock valued at $65,789,000 after acquiring an additional 2,402,771 shares during the period. Rubric Capital Management LP purchased a new stake in shares of Venture Global during the 1st quarter worth approximately $23,640,000. Bank of New York Mellon Corp purchased a new stake in shares of Venture Global during the 2nd quarter worth approximately $14,230,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Venture Global by 104.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,046,840 shares of the company’s stock worth $32,258,000 after acquiring an additional 1,046,300 shares in the last quarter.

About Venture Global

Venture Global, Inc. is a U.S. liquefied natural gas (LNG) company that develops, constructs and operates facilities to produce and export LNG. Its activities include sourcing natural gas, processing it into LNG and delivering the fuel to customers in international markets, often through long-term supply agreements. Founded in 2013, the company is based in Arlington, Virginia, and focuses its LNG projects on Louisiana’s Gulf Coast. Its facilities include Calcasieu Pass and Plaquemines LNG, while it is also developing additional export capacity, including the proposed CP2 project.