QRG Capital Management Inc. Invests $639,000 in Venture Global, Inc. $VG

QRG Capital Management Inc. bought a new stake in Venture Global, Inc. (NYSE:VG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 40,547 shares of the company’s stock, valued at approximately $639,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its stake in Venture Global by 82.7% during the 4th quarter. State Street Corp now owns 10,812,233 shares of the company’s stock worth $73,739,000 after purchasing an additional 4,893,707 shares during the period. UBS Group AG raised its holdings in shares of Venture Global by 520.8% in the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after buying an additional 5,268,053 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Venture Global by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock valued at $34,811,000 after buying an additional 273,331 shares during the last quarter. Cohen & Steers Inc. boosted its stake in shares of Venture Global by 4.6% during the fourth quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock worth $33,849,000 after buying an additional 219,505 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Venture Global during the second quarter worth about $76,489,000.

Venture Global Stock Performance

NYSE VG opened at $12.55 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. The business’s 50 day moving average is $12.31 and its two-hundred day moving average is $11.36. Venture Global, Inc. has a 12-month low of $5.72 and a 12-month high of $18.18. The stock has a market capitalization of $31.17 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.55 and a beta of 0.33.

Venture Global (NYSE:VG) last issued its earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The business 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%.Venture Global’s revenue for the quarter was up 58.9% on a year-over-year basis. Research analysts expect that Venture Global, Inc. will post 1.44 EPS for the current year.

Venture Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.018 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.07 annualized dividend and a yield of 0.6%. Venture Global’s dividend payout ratio is presently 7.78%.

Insiders Place Their Bets

In other news, COO Brian Cothran sold 473,533 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $14.81, for a total transaction of $7,013,023.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jonathan W. Thayer sold 111,112 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $11.50, for a total transaction of $1,277,788.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 4,570,511 shares of company stock worth $59,690,394. 84.24% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on VG shares. Royal Bank Of Canada boosted their price target on Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. US Capital Advisors set a $13.00 price objective on Venture Global in a research report on Friday, May 29th. Raymond James Financial reiterated an “outperform” rating and issued a $16.00 target price on shares of Venture Global in a research note on Wednesday, May 20th. UBS Group upped their price target on Venture Global from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Finally, The Goldman Sachs Group set a $18.00 price target on Venture Global in a report on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.94.

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.