710,000 Shares in Venture Global, Inc. $VG Bought by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. bought a new position in Venture Global, Inc. (NYSE:VG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 710,000 shares of the company’s stock, valued at approximately $4,842,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VG. WINTON GROUP Ltd acquired a new position in Venture Global during the third quarter worth $13,632,000. UBS Group AG raised its stake in Venture Global by 520.8% during the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock worth $42,827,000 after acquiring an additional 5,268,053 shares in the last quarter. SG Americas Securities LLC raised its stake in Venture Global by 828.3% during the fourth quarter. SG Americas Securities LLC now owns 122,825 shares of the company’s stock worth $838,000 after acquiring an additional 109,594 shares in the last quarter. CenterBook Partners LP acquired a new position in Venture Global during the third quarter worth $2,837,000. Finally, Alps Advisors Inc. acquired a new position in Venture Global during the third quarter worth $13,413,000.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VG shares. Wells Fargo & Company increased their price objective on Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 25th. Morgan Stanley increased their price objective on Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. dropped their price objective on Venture Global from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Scotiabank increased their price objective on Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings upgraded Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Venture Global has a consensus rating of “Moderate Buy” and an average target price of $16.47.

Venture Global Stock Performance

Shares of NYSE:VG opened at $14.07 on Thursday. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $19.50. The firm has a market cap of $34.56 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.68 and a beta of 0.44. 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 business has a fifty day moving average of $13.63 and a 200-day moving average of $10.13.

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 the consensus estimate of $0.12 by $0.07. The business 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 company’s revenue for the quarter was up 58.9% compared to the same quarter last year. On average, equities research analysts predict that Venture Global, Inc. will post 1.38 EPS for the current fiscal year.

Venture Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, March 16th. This is an increase from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s dividend payout ratio is presently 7.78%.

Insider Buying and Selling

In other news, CFO Jonathan W. Thayer sold 2,611,111 shares of Venture Global stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $16.08, for a total transaction of $41,986,664.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Sarah Blake sold 300,000 shares of Venture Global stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $11.85, for a total value of $3,555,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,205,557 shares of company stock valued at $112,367,322 over the last 90 days. 84.24% of the stock is owned by corporate insiders.

Venture Global 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.