Raymond James Financial Inc. Purchases New Stake in Venture Global, Inc. $VG

Raymond James Financial Inc. purchased a new position in Venture Global, Inc. (NYSE:VG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 284,113 shares of the company's stock, valued at approximately $2,926,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new position in shares of Venture Global in the first quarter worth $1,316,000. Forefront Wealth Management Inc. bought a new position in shares of Venture Global in the first quarter worth $938,000. Burkehill Global Management LP acquired a new stake in shares of Venture Global in the first quarter valued at $10,300,000. Benjamin Edwards Inc. acquired a new stake in shares of Venture Global in the first quarter valued at $206,000. Finally, KG&L Capital Management LLC acquired a new stake in shares of Venture Global in the first quarter valued at $359,000.

Analyst Ratings Changes

Several analysts have recently weighed in on VG shares. JPMorgan Chase & Co. upped their price objective on Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Wall Street Zen upgraded Venture Global from a "sell" rating to a "hold" rating in a report on Saturday, June 28th. Deutsche Bank Aktiengesellschaft upgraded Venture Global from a "hold" rating to a "buy" rating and set a $17.00 price objective for the company in a report on Thursday, August 28th. Johnson Rice started coverage on Venture Global in a report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price objective for the company. Finally, Bank of America upped their price objective on Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a report on Wednesday, June 25th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $17.00.

Venture Global Price Performance

Shares of NYSE VG traded down $0.14 during mid-day trading on Friday, hitting $13.61. 5,155,610 shares of the company traded hands, compared to its average volume of 6,162,187. Venture Global, Inc. has a 1 year low of $6.75 and a 1 year high of $25.50. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38. The business has a 50 day moving average of $14.19 and a two-hundred day moving average of $12.54.

Venture Global Increases Dividend

The business also recently announced a half year 25 dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.017 per share. This is a positive change from Venture Global's previous half year 25 dividend of $0.02. This represents a dividend yield of 50.0%. The ex-dividend date of this dividend is Friday, September 19th.

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.