Renaissance Capital LLC Has $1.19 Million Holdings in Venture Global, Inc. $VG

Renaissance Capital LLC decreased its holdings in shares of Venture Global, Inc. (NYSE:VG) by 45.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,498 shares of the company’s stock after selling 63,197 shares during the quarter. Venture Global makes up about 0.8% of Renaissance Capital LLC’s investment portfolio, making the stock its 24th biggest holding. Renaissance Capital LLC’s holdings in Venture Global were worth $1,192,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in VG. AdvisorNet Financial Inc acquired a new stake in Venture Global in the second quarter valued at $28,000. Center for Financial Planning Inc. acquired a new stake in Venture Global in the first quarter valued at $37,000. ORG Wealth Partners LLC acquired a new stake in Venture Global in the first quarter valued at $60,000. Federated Hermes Inc. acquired a new stake in Venture Global in the first quarter valued at $74,000. Finally, Adalta Capital Management LLC acquired a new stake in Venture Global in the first quarter valued at $103,000.

Analyst Ratings Changes

A number of analysts have commented on VG shares. Wall Street Zen upgraded shares of Venture Global from a “sell” rating to a “hold” rating in a research note on Saturday, June 28th. Deutsche Bank Aktiengesellschaft raised shares of Venture Global from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Thursday, August 28th. JPMorgan Chase & Co. increased their price objective on shares of Venture Global from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Tudor Pickering raised shares of Venture Global to a “hold” rating in a research report on Tuesday, September 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Venture Global from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Insider Buying and Selling

In related news, insider Thomas Earl sold 840,076 shares of Venture Global stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $13.74, for a total transaction of $11,542,644.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 1,500,000 shares of company stock valued at $20,561,011. 86.73% of the stock is owned by company insiders.

Venture Global Price Performance

NYSE:VG opened at $14.19 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 3.38. Venture Global, Inc. has a 52 week low of $6.75 and a 52 week high of $25.50. The firm’s 50-day simple moving average is $13.72 and its 200 day simple moving average is $12.74.

Venture Global Increases Dividend

The company also recently announced a half year 25 dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a $0.017 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a yield of 50.0%. This is an increase from Venture Global’s previous half year 25 dividend of $0.02.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.