DJE Kapital AG Buys Shares of 54,100 Venture Global, Inc. $VG

DJE Kapital AG purchased a new position in shares of Venture Global, Inc. (NYSE:VG) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 54,100 shares of the company’s stock, valued at approximately $880,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in Venture Global by 1,750.0% during the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after purchasing an additional 3,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Venture Global in the 2nd quarter valued at $26,000. Harbour Investments Inc. bought a new stake in Venture Global during the 4th quarter worth about $29,000. Rockefeller Capital Management L.P. lifted its position in Venture Global by 218.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after buying an additional 3,031 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Venture Global by 217.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,230 shares of the company’s stock worth $42,000 after buying an additional 4,268 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank Of Canada lifted their target price on Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Citigroup upgraded shares of Venture Global from a “neutral” rating to a “buy” rating and increased their price target for the company from $12.00 to $17.00 in a research note on Wednesday, May 13th. Scotiabank boosted their price objective on shares of Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group set a $18.00 target price on shares of Venture Global in a report on Thursday, May 14th. Finally, Sanford C. Bernstein started coverage on Venture Global in a report on Tuesday, June 16th. They set a “market perform” rating and a $14.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.94.

Insider Transactions at Venture Global

In related news, insider Thomas Earl sold 1,000,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $12.44, for a total transaction of $12,440,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jonathan W. Thayer sold 111,111 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $11.05, for a total transaction of $1,227,776.55. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,348,288 shares of company stock valued at $57,091,496. Corporate insiders own 84.24% of the company’s stock.

Venture Global Stock Performance

NYSE VG opened at $14.29 on Tuesday. The stock has a market cap of $35.51 billion, a PE ratio of 15.88, a P/E/G ratio of 0.56 and a beta of 0.33. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. The firm has a 50-day moving average of $12.43 and a 200-day moving average of $11.67. Venture Global, Inc. has a 52-week low of $5.72 and a 52-week high of $17.62.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The firm had revenue of $4.60 billion for the quarter. Venture Global’s quarterly revenue was up 58.9% on a year-over-year basis. On average, sell-side analysts anticipate 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 was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.018 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.07 annualized dividend and a yield of 0.5%. Venture Global’s payout ratio is 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.