127,806 Shares in Venture Global, Inc. (NYSE:VG) Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC bought a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 127,806 shares of the company's stock, valued at approximately $1,316,000.

Several other institutional investors have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Venture Global during the first quarter worth about $156,000. Defined Wealth Management LLC bought a new position in Venture Global during the first quarter valued at approximately $114,000. Finally, Renaissance Capital LLC bought a new position in Venture Global during the first quarter valued at approximately $1,439,000.

Venture Global Stock Up 3.7%

NYSE:VG opened at $18.36 on Thursday. Venture Global, Inc. has a 1 year low of $6.75 and a 1 year high of $25.50. The company has a 50 day moving average of $11.03. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67.

Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. Research analysts anticipate that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.0165 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Tuesday, June 10th.

Analysts Set New Price Targets

A number of brokerages recently commented on VG. Johnson Rice began coverage on Venture Global in a research note on Tuesday. They set a "buy" rating and a $20.00 price target for the company. Bank of America dropped their price target on Venture Global from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Mizuho dropped their price target on Venture Global from $25.00 to $18.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Citigroup dropped their price target on Venture Global from $18.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Finally, Wall Street Zen lowered Venture Global from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $16.27.

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.

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