Insider Selling: Venture Global (NYSE:VG) Director Sells 200,000 Shares

Venture Global, Inc. (NYSE:VG) Director Sari Beth Granat sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $13.49, for a total transaction of $2,698,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Venture Global Stock Up 3.4%

Shares of NYSE VG traded up $0.47 during mid-day trading on Friday, reaching $14.01. The company had a trading volume of 13,439,558 shares, compared to its average volume of 19,084,408. 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 50 day simple moving average of $12.52 and a two-hundred day simple moving average of $12.38. The stock has a market cap of $34.79 billion, a P/E ratio of 11.03, a PEG ratio of 0.60 and a beta of 0.22. Venture Global, Inc. has a 52-week low of $5.72 and a 52-week high of $17.62.

Venture Global (NYSE:VG) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Venture Global had a net margin of 21.24% and a return on equity of 35.79%. The firm had revenue of $4.58 billion during the quarter. Sell-side analysts predict that Venture Global, Inc. will post 1.53 earnings per share for the current year.

Venture Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 15th. This is an increase from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s dividend payout ratio (DPR) is presently 7.78%.

Institutional Trading of Venture Global

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Venture Global during the 2nd quarter worth approximately $26,000. LRI Investments LLC acquired a new position in shares of Venture Global in the second quarter valued at approximately $28,000. Harbour Investments Inc. purchased a new stake in shares of Venture Global during the fourth quarter worth approximately $29,000. Rockefeller Capital Management L.P. raised its stake in shares of Venture Global by 218.1% during 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 lifted its holdings in shares of Venture Global by 217.5% during 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 period.

Analyst Ratings Changes

A number of research analysts recently issued reports on VG shares. Mizuho raised their price target on Venture Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. US Capital Advisors set a $13.00 price objective on Venture Global in a report on Friday, May 29th. Royal Bank Of Canada raised their target price on shares of Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Morgan Stanley lifted their target price on shares of Venture Global from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Wells Fargo & Company increased their price target on shares of Venture Global from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.12.

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.