TD Asset Management Inc Buys Shares of 20,901 Venture Global, Inc. $VG

TD Asset Management Inc bought a new stake in Venture Global, Inc. (NYSE:VG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,901 shares of the company’s stock, valued at approximately $326,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc acquired a new position in Venture Global in the second quarter valued at about $28,000. Future Financial Wealth Managment LLC acquired a new position in Venture Global in the second quarter valued at about $47,000. Federated Hermes Inc. acquired a new position in Venture Global in the first quarter valued at about $74,000. CWM LLC grew its stake in Venture Global by 278.4% in the second quarter. CWM LLC now owns 6,050 shares of the company’s stock valued at $94,000 after acquiring an additional 4,451 shares during the period. Finally, Adalta Capital Management LLC acquired a new position in Venture Global in the first quarter valued at about $103,000.

Insider Transactions at Venture Global

In related news, insider Thomas Earl sold 500,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $13.69, for a total transaction of $6,845,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 1,500,000 shares of company stock worth $20,561,011 in the last 90 days. Corporate insiders own 86.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VG. Scotiabank cut their price target on Venture Global from $16.00 to $13.00 and set a “sector perform” rating on the stock in a report on Friday, October 17th. JPMorgan Chase & Co. boosted their price target on Venture Global from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Mizuho restated a “neutral” rating and issued a $12.00 price target (down from $17.00) on shares of Venture Global in a report on Friday, October 10th. Wells Fargo & Company boosted their price target on Venture Global from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Venture Global in a report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.31.

Venture Global Trading Up 0.8%

VG opened at $9.62 on Friday. Venture Global, Inc. has a 52-week low of $6.75 and a 52-week high of $25.50. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38. The business’s 50-day simple moving average is $12.61 and its 200 day simple moving average is $12.81.

Venture Global Increases Dividend

The business also recently announced a half year 25 dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a dividend of $0.017 per share. The ex-dividend date was Friday, September 19th. This is a boost from Venture Global’s previous half year 25 dividend of $0.02. This represents a yield of 50.0%.

About Venture Global

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.