Venture Global, Inc. (NYSE:VG) Shareholders Set to Receive $0.04 Quarterly Dividend

Key Points

• Venture Global declared a quarterly dividend of $0.04 per share, equivalent to $0.16 annually and a 1.3% yield. The ex-dividend and record date is December 15, with payment scheduled for December 31.
• The company reported quarterly EPS of $0.96, beating the $0.50 analyst consensus; revenue was $4.76 billion, up 42.9% year over year.
• Company insiders sold a combined 2.49 million shares worth about $35.1 million during the last quarter.

Venture Global, Inc. (NYSE:VG - Get Free Report) announced a quarterly dividend on Tuesday, November 10th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.04 per share on Thursday, December 31st. This represents a $0.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, December 15th.

Venture Global Trading Up 1.6%

Shares of Venture Global stock traded up $0.18 during trading hours on Tuesday, hitting $11.98. The company's stock had a trading volume of 20,210,488 shares, compared to its average volume of 17,875,496. Venture Global has a twelve month low of $5.72 and a twelve month high of $17.62. The firm has a fifty day moving average of $13.59 and a 200-day moving average of $12.76. The stock has a market cap of $29.96 billion, a price-to-earnings ratio of 9.44 and a beta of 0.22. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.11 and a current ratio of 1.19.

Venture Global (NYSE:VG - Get Free Report) last released its quarterly earnings results on Monday, November 9th. The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.46. The business had revenue of $4.76 billion during the quarter. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. The business's revenue for the quarter was up 42.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 earnings per share. Research analysts forecast that Venture Global will post 1.79 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sari Granat sold 200,000 shares of Venture Global stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $13.49, for a total value of $2,698,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Fory Musser sold 447,534 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $14.02, for a total transaction of $6,274,426.68. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,493,553 shares of company stock valued at $35,074,470. 84.24% of the stock is owned by company insiders.

Institutional Trading of Venture Global

Several hedge funds have recently modified their holdings of VG. Bogart Wealth LLC increased its holdings in Venture Global by 115.2% during the 3rd quarter. Bogart Wealth LLC now owns 18,783 shares of the company's stock worth $237,000 after purchasing an additional 10,055 shares during the period. Cibc World Market Inc. grew its position in shares of Venture Global by 30.1% during the third quarter. Cibc World Market Inc. now owns 43,384 shares of the company's stock worth $548,000 after buying an additional 10,031 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Venture Global during the third quarter worth approximately $2,156,000. Moors & Cabot Inc. increased its stake in shares of Venture Global by 3.8% during the third quarter. Moors & Cabot Inc. now owns 40,825 shares of the company's stock worth $516,000 after buying an additional 1,500 shares during the period. Finally, Terril Brothers Inc. purchased a new stake in shares of Venture Global during the third quarter worth approximately $401,000.

Venture Global Company Profile

Venture Global, Inc. is a U.S. liquefied natural gas (LNG) company that develops, constructs and operates facilities to produce and export LNG. Its activities include sourcing natural gas, processing it into LNG and delivering the fuel to customers in international markets, often through long-term supply agreements. Founded in 2013, the company is based in Arlington, Virginia, and focuses its LNG projects on Louisiana's Gulf Coast. Its facilities include Calcasieu Pass and Plaquemines LNG, while it is also developing additional export capacity, including the proposed CP2 project.

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