Northwestern Mutual Wealth Management Co. Has $695,000 Stock Position in Venture Global, Inc. $VG

Northwestern Mutual Wealth Management Co. raised its stake in Venture Global, Inc. (NYSE:VG) by 5,892.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 101,864 shares of the company’s stock after buying an additional 100,164 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Venture Global were worth $695,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Venture Global by 1,750.0% in the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after purchasing an additional 3,500 shares during the last quarter. MAI Capital Management purchased a new stake in shares of Venture Global in the third quarter worth approximately $29,000. Harbour Investments Inc. purchased a new stake in shares of Venture Global in the fourth quarter worth approximately $29,000. CWM LLC raised its stake in shares of Venture Global by 24.1% in the fourth quarter. CWM LLC now owns 7,014 shares of the company’s stock worth $48,000 after purchasing an additional 1,363 shares during the last quarter. Finally, Amplify Investments LLC raised its stake in shares of Venture Global by 21.4% in the fourth quarter. Amplify Investments LLC now owns 9,112 shares of the company’s stock worth $62,000 after purchasing an additional 1,608 shares during the last quarter.

Insider Buying and Selling at Venture Global

In other Venture Global news, COO Brian Cothran sold 473,533 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $14.81, for a total transaction of $7,013,023.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Earl sold 1,000,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $12.44, for a total value of $12,440,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,000,923 shares of company stock valued at $113,781,388 in the last quarter. Insiders own 84.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on VG shares. Citigroup raised Venture Global from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $17.00 in a research note on Wednesday, May 13th. Mizuho upped their target price on Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. New Street Research set a $15.00 target price on Venture Global in a report on Tuesday, March 3rd. Zacks Research raised Venture Global from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Finally, Royal Bank Of Canada upped their target price on Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.31.

Venture Global Stock Performance

VG stock opened at $12.45 on Wednesday. The firm has a market cap of $30.94 billion, a PE ratio of 13.84, a P/E/G ratio of 0.56 and a beta of 0.27. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. The business has a 50 day moving average of $13.17 and a 200-day moving average of $10.61. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $19.50.

Venture Global (NYSE:VG) last released its earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $4.60 billion during 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% compared to the same quarter last year. As a group, sell-side analysts expect that Venture Global, Inc. will post 1.46 earnings per share for the current year.

Venture Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Venture Global’s dividend payout ratio 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.