34,860 Shares in Venture Global, Inc. (NYSE:VG) Purchased by KG&L Capital Management LLC

KG&L Capital Management LLC bought a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 34,860 shares of the company's stock, valued at approximately $359,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VG. Center for Financial Planning Inc. purchased a new position in Venture Global during the first quarter worth about $37,000. ORG Wealth Partners LLC purchased a new position in Venture Global during the first quarter worth about $60,000. Defined Wealth Management LLC purchased a new position in shares of Venture Global in the 1st quarter worth about $114,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Venture Global in the 1st quarter worth about $156,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Venture Global in the 1st quarter worth about $247,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VG shares. Guggenheim cut their price objective on Venture Global from $27.00 to $20.00 and set a "buy" rating for the company in a report on Monday, March 10th. The Goldman Sachs Group cut their price objective on Venture Global from $20.00 to $17.50 and set a "buy" rating for the company in a report on Wednesday, May 14th. Bank of America upped their price objective on Venture Global from $12.00 to $18.50 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen cut Venture Global from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, Wells Fargo & Company reiterated a "reduce" rating on shares of Venture Global in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $16.77.

Venture Global Price Performance

NYSE VG opened at $16.79 on Friday. Venture Global, Inc. has a 1-year low of $6.75 and a 1-year high of $25.50. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67. The firm has a 50-day moving average of $12.12.

Venture Global (NYSE:VG - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. As a group, equities research analysts forecast that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.0165 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Tuesday, June 10th.

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.

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