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

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

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Venture Global in the first quarter worth about $162,000. Russell Investments Group Ltd. purchased a new stake in shares of Venture Global in the first quarter worth about $3,941,000. Eagle Global Advisors LLC purchased a new stake in shares of Venture Global in the first quarter worth about $824,000. Burkehill Global Management LP purchased a new stake in shares of Venture Global in the first quarter worth about $10,300,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Venture Global in the first quarter worth about $206,000.

Venture Global Stock Performance

Shares of Venture Global stock traded down $0.20 on Thursday, reaching $13.77. 4,145,866 shares of the company were exchanged, compared to its average volume of 7,090,637. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 3.38. The company's 50-day moving average is $14.26 and its two-hundred day moving average is $12.55. Venture Global, Inc. has a 1-year low of $6.75 and a 1-year high of $25.50.

Venture Global Announces Dividend

The business also recently declared a half year 25 dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $0.017 per share.

Wall Street Analyst Weigh In

VG has been the subject of a number of analyst reports. Wall Street Zen raised Venture Global from a "sell" rating to a "hold" rating in a report on Saturday, June 28th. Tudor Pickering raised Venture Global to a "hold" rating in a report on Tuesday, September 2nd. Bank of America increased their price target on Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a report on Wednesday, June 25th. Johnson Rice initiated coverage on Venture Global in a report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price target for the company. Finally, The Goldman Sachs Group reduced their price target on Venture Global from $20.00 to $17.50 and set a "buy" rating for the company in a report on Wednesday, May 14th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Venture Global has an average rating of "Moderate Buy" and an average target price of $17.00.

Venture Global Company Profile

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.