Prescott Group Capital Management L.L.C. Makes New $4.84 Million Investment in Venture Global, Inc. $VG

Prescott Group Capital Management L.L.C. bought a new position in shares of Venture Global, Inc. (NYSE:VG) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 710,000 shares of the company’s stock, valued at approximately $4,842,000.

A number of other large investors have also recently added to or reduced their stakes in VG. Royal Bank of Canada bought a new stake in Venture Global during the first quarter worth approximately $2,150,000. Integrated Wealth Concepts LLC bought a new stake in Venture Global during the first quarter worth approximately $152,000. NewEdge Advisors LLC bought a new stake in Venture Global during the first quarter worth approximately $460,000. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global during the second quarter worth approximately $26,000. Finally, Amundi bought a new stake in Venture Global during the second quarter worth approximately $213,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VG shares. Weiss Ratings raised Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Royal Bank Of Canada increased their price objective on Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. New Street Research set a $15.00 price objective on Venture Global in a research report on Tuesday, March 3rd. Raymond James Financial reissued an “outperform” rating and issued a $16.00 price objective on shares of Venture Global in a research report on Wednesday. Finally, Scotiabank increased their price objective on Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.47.

Insider Transactions at Venture Global

In related news, CFO Jonathan W. Thayer sold 2,611,111 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $16.08, for a total value of $41,986,664.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Earl sold 1,000,000 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $11.83, for a total value of $11,830,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold 8,205,557 shares of company stock valued at $112,367,322 in the last ninety days. 84.24% of the stock is owned by company insiders.

Venture Global Stock Down 4.8%

NYSE VG opened at $14.07 on Thursday. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. The firm has a 50-day simple moving average of $13.63 and a 200 day simple moving average of $10.13. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $19.50. The stock has a market cap of $34.56 billion, a PE ratio of 15.63, a PEG ratio of 0.68 and a beta of 0.44.

Venture Global (NYSE:VG) last released its earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business had revenue of $4.60 billion during the quarter. The company’s revenue was up 58.9% compared to the same quarter last year. On average, research analysts forecast that Venture Global, Inc. will post 1.38 EPS for the current year.

Venture Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $0.018 dividend. This represents a $0.07 annualized dividend and a yield of 0.5%. This is an increase from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, March 16th. Venture Global’s dividend payout ratio (DPR) is 7.78%.

Venture Global 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.