Bruce & Co. Inc. Makes New $1.03 Million Investment in Venture Global, Inc. $VG

Key Points

• Bruce & Co. Inc. has acquired 100,000 shares of Venture Global, Inc. for approximately $1,030,000, representing 0.3% of their portfolio and making it their 29th largest position.
• Other institutional investors also invested in Venture Global during the first quarter, including Burkehill Global Management LP with a $10.3 million stake.
• A total of seven analysts have given Venture Global a Buy rating, with an average target price of $17.00, indicating bullish sentiment in the market.

Bruce & Co. Inc. purchased a new position in Venture Global, Inc. (NYSE:VG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the company's stock, valued at approximately $1,030,000. Venture Global accounts for 0.3% of Bruce & Co. Inc.'s investment portfolio, making the stock its 29th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VG. Center for Financial Planning Inc. bought a new position in Venture Global in the 1st quarter worth $37,000. ORG Wealth Partners LLC purchased a new position in shares of Venture Global in the first quarter valued at about $60,000. Federated Hermes Inc. bought a new position in shares of Venture Global in the first quarter worth about $74,000. Defined Wealth Management LLC purchased a new stake in shares of Venture Global during the first quarter worth about $114,000. Finally, Summit Trail Advisors LLC bought a new stake in Venture Global during the 1st quarter valued at approximately $114,000.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company upped their price target on Venture Global from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. UBS Group downgraded shares of Venture Global from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $14.00 to $18.00 in a report on Thursday, June 12th. The Goldman Sachs Group cut their target price on shares of Venture Global from $20.00 to $17.50 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft downgraded shares of Venture Global from a "buy" rating to a "hold" rating and set a $17.00 price target on the stock. in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Venture Global Stock Performance

Shares of Venture Global stock traded up $0.08 during trading hours on Friday, reaching $12.85. The company's stock had a trading volume of 5,203,234 shares, compared to its average volume of 7,061,621. The firm has a 50 day moving average price of $15.23 and a 200-day moving average price of $12.82. Venture Global, Inc. has a one year low of $6.75 and a one year high of $25.50. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39.

Venture Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.0165 per share. This represents a $0.07 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, June 10th.

About Venture Global

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.