KG&L Capital Management LLC Takes $359,000 Position in Venture Global, Inc. (NYSE:VG)

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 the company in its most recent disclosure with the SEC. The fund bought 34,860 shares of the company's stock, valued at approximately $359,000.

A number of other institutional investors have also recently bought and sold shares of the business. Center for Financial Planning Inc. acquired a new position in shares of Venture Global in the 1st quarter valued at approximately $37,000. ORG Wealth Partners LLC acquired a new position in Venture Global in the 1st quarter valued at approximately $60,000. Defined Wealth Management LLC acquired a new position in Venture Global in the 1st quarter valued at approximately $114,000. Wealth Enhancement Advisory Services LLC acquired a new position in Venture Global in the 1st quarter valued at approximately $156,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Venture Global in the 1st quarter valued at approximately $247,000.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Venture Global from a "sell" rating to a "hold" rating in a research note on Saturday. Mizuho decreased their price objective on shares of Venture Global from $25.00 to $18.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Johnson Rice assumed coverage on shares of Venture Global in a research report on Tuesday, June 17th. They set a "buy" rating and a $20.00 target price for the company. Scotiabank reduced their target price on shares of Venture Global from $17.00 to $15.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. Finally, Wells Fargo & Company reissued a "reduce" rating on shares of Venture Global in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.77.

Venture Global Stock Down 0.8%

NYSE:VG traded down $0.13 during trading hours on Monday, hitting $15.56. The stock had a trading volume of 3,835,025 shares, compared to its average volume of 7,303,395. The business's 50 day moving average price is $12.56. 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, Inc. has a one year low of $6.75 and a one year high of $25.50.

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 for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.83 billion. Analysts anticipate that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Tuesday, June 10th.

Venture Global 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.