Empowered Funds LLC Has $2 Million Position in Venture Global, Inc. $VG

Empowered Funds LLC lifted its holdings in Venture Global, Inc. (NYSE:VG) by 8,751.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 126,934 shares of the company’s stock after purchasing an additional 125,500 shares during the quarter. Empowered Funds LLC’s holdings in Venture Global were worth $2,000,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. UBS Group AG lifted its stake in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Venture Global during the second quarter worth $76,489,000. State Street Corp raised its holdings in shares of Venture Global by 82.7% during the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock worth $73,739,000 after acquiring an additional 4,893,707 shares during the period. Millennium Management LLC lifted its position in Venture Global by 258.1% in the 4th quarter. Millennium Management LLC now owns 3,248,477 shares of the company’s stock valued at $22,155,000 after acquiring an additional 2,341,253 shares in the last quarter. Finally, Readystate Asset Management LP boosted its stake in Venture Global by 299.3% in the 4th quarter. Readystate Asset Management LP now owns 2,216,362 shares of the company’s stock worth $15,116,000 after purchasing an additional 1,661,312 shares during the period.

Insiders Place Their Bets

In other Venture Global news, insider Thomas Earl sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $12.44, for a total value of $12,440,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Fory Musser sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $13.09, for a total value of $26,180,000.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 4,459,399 shares of company stock worth $58,670,384. Company insiders own 84.24% of the company’s stock.

Venture Global Price Performance

NYSE:VG opened at $13.53 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 firm has a fifty day simple moving average of $12.42 and a 200 day simple moving average of $12.22. Venture Global, Inc. has a 1-year low of $5.72 and a 1-year high of $17.62. The stock has a market capitalization of $33.61 billion, a PE ratio of 15.03, a P/E/G ratio of 0.55 and a beta of 0.22.

Venture Global (NYSE:VG) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter. The company’s quarterly revenue was up 58.9% compared to the same quarter last year. On average, research analysts expect that Venture Global, Inc. will post 1.51 EPS for the current fiscal year.

Venture Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.018 dividend. This represents a $0.07 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, June 15th. Venture Global’s dividend payout ratio (DPR) is 7.78%.

Wall Street Analysts Forecast Growth

VG has been the topic of a number of research reports. Zacks Research upgraded Venture Global from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. 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. Weiss Ratings cut Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, July 20th. Morgan Stanley upped their price target on Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Scotiabank raised their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.06.

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.