Catalyst Capital Advisors LLC Raises Stock Position in Venture Global, Inc. $VG

Catalyst Capital Advisors LLC grew its holdings in Venture Global, Inc. (NYSE:VG) by 53.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,871,398 shares of the company’s stock after buying an additional 995,725 shares during the period. Catalyst Capital Advisors LLC’s holdings in Venture Global were worth $19,583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in VG. Royal Bank of Canada purchased a new position in shares of Venture Global in the 1st quarter worth $2,150,000. Integrated Wealth Concepts LLC purchased a new position in shares of Venture Global during the 1st quarter worth about $152,000. NewEdge Advisors LLC purchased a new position in shares of Venture Global during the 1st quarter worth about $460,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Venture Global during the 2nd quarter worth about $26,000. Finally, Amundi purchased a new position in shares of Venture Global during the 2nd quarter worth about $213,000.

Insider Buying and Selling at Venture Global

In other news, CFO Jonathan W. Thayer sold 111,111 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $14.27, for a total value of $1,585,553.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Fory Musser sold 233,735 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $12.61, for a total transaction of $2,947,398.35. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 10,331,623 shares of company stock worth $140,465,488. 84.24% of the stock is owned by company insiders.

Venture Global Trading Down 4.0%

Shares of VG opened at $12.04 on Friday. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $19.50. The company has a 50-day moving average of $13.66 and a 200 day moving average of $10.36. The firm has a market capitalization of $29.91 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.57 and a beta of 0.44. 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 (NYSE:VG) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The company had revenue of $4.60 billion during the quarter. The company’s revenue for the quarter was up 58.9% on a year-over-year basis. On average, research analysts expect that Venture Global, Inc. will post 1.39 EPS for the current year.

Venture Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a $0.018 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.07 annualized dividend and a dividend yield of 0.6%. This is an increase from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s dividend payout ratio (DPR) is presently 7.78%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VG. Mizuho lifted their price target on shares of Venture Global from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Scotiabank lifted their price target on shares of Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. UBS Group lifted their price target on shares of Venture Global from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Zacks Research raised shares of Venture Global from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Finally, The Goldman Sachs Group set a $18.00 price target on shares of Venture Global in a research note on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Venture Global has an average rating of “Moderate Buy” and a consensus target price of $16.25.

About Venture Global

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.