Bleakley Financial Group LLC Buys Shares of 141,802 Venture Global, Inc. $VG

Bleakley Financial Group LLC purchased a new stake in shares of Venture Global, Inc. (NYSE:VG) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 141,802 shares of the company’s stock, valued at approximately $2,235,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VG. Blue Trust Inc. grew its holdings 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 acquiring an additional 3,500 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Venture Global in the second quarter valued at about $26,000. Harbour Investments Inc. bought a new position in Venture Global in the fourth quarter valued at about $29,000. Rockefeller Capital Management L.P. boosted its position in Venture Global by 218.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after purchasing an additional 3,031 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in Venture Global by 217.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,230 shares of the company’s stock worth $42,000 after purchasing an additional 4,268 shares during the last quarter.

Venture Global Stock Down 1.7%

VG stock opened at $12.69 on Friday. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $17.62. 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 stock has a market cap of $31.52 billion, a P/E ratio of 14.10, a PEG ratio of 0.57 and a beta of 0.33. The business’s 50-day moving average price is $12.33 and its 200-day moving average price is $11.57.

Venture Global (NYSE:VG) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company’s revenue was up 58.9% on a year-over-year basis. On average, equities research analysts forecast that Venture Global, Inc. will post 1.43 EPS for the current year.

Venture Global Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Zacks Research raised shares of Venture Global from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Citigroup raised shares of Venture Global from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $17.00 in a report on Wednesday, May 13th. Scotiabank boosted their target price on shares of Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. Bank of America upped their target price on shares of Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Venture Global has a consensus rating of “Moderate Buy” and a consensus price target of $15.94.

Insider Activity

In other news, 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brian Cothran sold 31,910 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $14.33, for a total transaction of $457,270.30. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 4,570,511 shares of company stock valued at $59,690,394. 84.24% of the stock is currently owned by company insiders.

About Venture Global

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.