174,886 Shares in Venture Global, Inc. $VG Acquired by Militia Capital Management LLC

Militia Capital Management LLC bought a new stake in Venture Global, Inc. (NYSE:VG) in the 1st quarter, Holdings Channel.com reports. The fund bought 174,886 shares of the company’s stock, valued at approximately $2,756,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its position 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 buying an additional 4,893,707 shares during the period. UBS Group AG grew its stake in shares of 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. Geode Capital Management LLC raised its holdings in shares of Venture Global by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock valued at $34,811,000 after buying an additional 273,331 shares during the period. Cohen & Steers Inc. raised its holdings in shares of Venture Global by 4.6% in the 4th quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock valued at $33,849,000 after buying an additional 219,505 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Venture Global during the 2nd quarter worth about $76,489,000.

Venture Global Trading Up 5.8%

VG opened at $14.87 on Thursday. The business has a fifty day moving average price of $12.49 and a 200 day moving average price of $11.77. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $17.62. The stock has a market capitalization of $36.94 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 0.57 and a beta of 0.33.

Venture Global (NYSE:VG) last posted its quarterly earnings results 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 for the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The firm’s quarterly revenue was up 58.9% on a year-over-year basis. Sell-side analysts expect that Venture Global, Inc. will post 1.46 earnings per share for the current fiscal year.

Venture Global Announces Dividend

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 dividend of $0.018 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.5%. 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 analysts have weighed in on the company. Sanford C. Bernstein initiated coverage on Venture Global in a research report on Tuesday, June 16th. They issued a “market perform” rating and a $14.00 target price for the company. Morgan Stanley increased their price target on shares of Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Weiss Ratings lowered shares of Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Wells Fargo & Company lifted their price objective on shares of Venture Global from $10.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, March 25th. Finally, Scotiabank increased their target price on shares of Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report 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’s stock. Based on data from MarketBeat, Venture Global has an average rating of “Moderate Buy” and a consensus target price of $16.06.

Insider Activity

In related news, insider Thomas Earl sold 1,000,000 shares of the firm’s stock in a transaction that occurred 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 SEC, which is accessible through the SEC website. Also, COO Brian Cothran sold 31,910 shares of Venture Global stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $14.33, for a total transaction of $457,270.30. The disclosure for this sale is available in the SEC filing. Insiders sold 4,348,288 shares of company stock worth $57,091,496 in the last ninety days. 84.24% of the stock is owned by insiders.

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.