Venture Global, Inc. (NYSE:VG) Stock Has Average Target Price of $16.13

Key Points

• Analysts rate Venture Global “Moderate Buy”, with eight buy ratings, one strong-buy rating and seven holds. The average 12-month price target is $16.13, above the reported $13.17 share price.
• Company insiders sold approximately 2.49 million shares worth $35.2 million over the past three months, while insiders continue to own 84.24% of the company. Several institutional investors also increased their positions.
• Venture Global reported quarterly revenue of $4.58 billion and EPS of $0.51, slightly exceeding expectations. The company raised its quarterly dividend to $0.04 per share, representing a 1.2% annualized yield.

Venture Global, Inc. (NYSE:VG - Get Free Report) has received an average rating of "Moderate Buy" from the sixteen analysts that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $16.13.

Several research analysts have recently commented on VG shares. The Goldman Sachs Group reissued a "buy" rating on shares of Venture Global in a report on Friday. Sanford C. Bernstein initiated coverage on shares of Venture Global in a research report on Tuesday, June 16th. They set a "market perform" rating and a $14.00 target price for the company. Zacks Research raised shares of Venture Global from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 10th. Royal Bank Of Canada restated an "outperform" rating on shares of Venture Global in a research report on Wednesday. Finally, Mizuho lifted their price objective on shares of Venture Global from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Wednesday, July 22nd.

Insider Transactions at Venture Global

In other news, COO Brian Cothran sold 152,660 shares of the company's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $16.15, for a total value of $2,465,459.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sari Granat sold 200,000 shares of the company'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 value of $2,698,000.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,493,553 shares of company stock worth $35,242,247. Company insiders own 84.24% of the company's stock.

Institutional Trading of Venture Global

Institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC lifted its stake in shares of Venture Global by 3.8% during the 2nd quarter. Ancora Advisors LLC now owns 27,000 shares of the company's stock worth $301,000 after purchasing an additional 1,000 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in Venture Global by 8.8% in the first quarter. Kestra Private Wealth Services LLC now owns 12,429 shares of the company's stock worth $196,000 after purchasing an additional 1,004 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of Venture Global by 67.5% during the first quarter. AdvisorNet Financial Inc now owns 4,480 shares of the company's stock valued at $71,000 after buying an additional 1,805 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Venture Global by 2.5% in the 1st quarter. Royal Bank of Canada now owns 78,310 shares of the company's stock valued at $1,235,000 after buying an additional 1,893 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in shares of Venture Global in the 2nd quarter worth approximately $28,000.

Venture Global Trading Down 0.9%

Shares of VG stock opened at $13.17 on Friday. The stock has a market capitalization of $32.93 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.51 and a beta of 0.35. The company's fifty day simple moving average is $13.89 and its two-hundred day simple moving average is $13.32. Venture Global has a 1 year low of $5.72 and a 1 year high of $17.62. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.19 and a quick ratio of 1.11.

Venture Global (NYSE:VG - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. The business had revenue of $4.58 billion for the quarter. As a group, analysts anticipate that Venture Global will post 1.73 earnings per share for the current year.

Venture Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.2%. This is an increase from Venture Global's previous quarterly dividend of $0.0180. The ex-dividend date of this dividend was Tuesday, September 15th. Venture Global's dividend payout ratio is presently 12.60%.

Venture Global Company Profile

Venture Global, Inc NYSE: VG is a U.S. liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company's business includes sourcing natural gas, processing and liquefying it, and delivering LNG to customers in international energy markets.

Venture Global's principal operations are located along the U.S. Gulf Coast in Louisiana. Its Calcasieu Pass LNG facility began producing LNG in 2022, and the company is also developing the Plaquemines LNG facility near Port Sulphur, Louisiana.

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