WINTON GROUP Ltd Sells 880,546 Shares of Venture Global, Inc. $VG

WINTON GROUP Ltd lowered its stake in Venture Global, Inc. (NYSE:VG) by 91.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 80,154 shares of the company’s stock after selling 880,546 shares during the period. WINTON GROUP Ltd’s holdings in Venture Global were worth $547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Summit Financial Wealth Advisors LLC lifted its position in Venture Global by 8.8% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 14,336 shares of the company’s stock valued at $98,000 after purchasing an additional 1,161 shares during the last quarter. CWM LLC lifted its position in Venture Global by 24.1% in the fourth quarter. CWM LLC now owns 7,014 shares of the company’s stock valued at $48,000 after purchasing an additional 1,363 shares during the last quarter. American Financial Group Inc. lifted its position in Venture Global by 14.3% in the third quarter. American Financial Group Inc. now owns 12,000 shares of the company’s stock valued at $170,000 after purchasing an additional 1,500 shares during the last quarter. Amplify Investments LLC lifted its position in Venture Global by 21.4% in the fourth quarter. Amplify Investments LLC now owns 9,112 shares of the company’s stock valued at $62,000 after purchasing an additional 1,608 shares during the last quarter. Finally, Quotient Wealth Partners LLC lifted its position in Venture Global by 0.6% in the fourth quarter. Quotient Wealth Partners LLC now owns 258,287 shares of the company’s stock valued at $1,762,000 after purchasing an additional 1,664 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VG shares. JPMorgan Chase & Co. upgraded Venture Global from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $16.00 to $17.00 in a research report on Thursday, June 4th. UBS Group boosted their price objective on Venture Global from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Bank of America boosted their price objective on Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, March 20th. New Street Research set a $15.00 target price on Venture Global in a research note on Tuesday, March 3rd. Finally, Royal Bank Of Canada boosted their target price on Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a research note 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. According to data from MarketBeat, Venture Global currently has a consensus rating of “Moderate Buy” and an average price target of $16.31.

Insider Transactions at Venture Global

In related news, COO Brian Cothran sold 31,910 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $14.33, for a total value of $457,270.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Fory Musser sold 233,735 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $12.61, for a total value of $2,947,398.35. The SEC filing for this sale provides additional information. Insiders sold 7,881,623 shares of company stock valued at $112,229,295 in the last three months. Company insiders own 84.24% of the company’s stock.

Venture Global Price Performance

VG opened at $13.33 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. Venture Global, Inc. has a 52-week low of $5.72 and a 52-week high of $19.50. The stock has a market capitalization of $33.12 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.54 and a beta of 0.27. The stock’s 50 day moving average price is $13.09 and its 200-day moving average price is $10.66.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. The company had revenue of $4.60 billion for the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The firm’s revenue for the quarter was up 58.9% compared to the same quarter last year. On average, equities research analysts predict that Venture Global, Inc. will post 1.46 EPS for the current year.

Venture Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.018 dividend. This represents a $0.07 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, June 15th. Venture Global’s dividend payout ratio is presently 7.78%.

Venture Global Company 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.