603,042 Shares in Venture Global, Inc. $VG Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. purchased 603,042 shares of Venture Global, Inc. worth approximately $6.2 million during the 1st quarter.
• Venture Global recently announced a quarterly dividend of $0.0165, resulting in an annualized yield of 0.5% for shareholders.
• Research analysts have varied opinions on Venture Global’s stock, with price targets ranging from $16.00 to $20.00, and an average rating of "Moderate Buy."

Charles Schwab Investment Management Inc. purchased a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 603,042 shares of the company's stock, valued at approximately $6,211,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. bought a new position in Venture Global during the 1st quarter valued at $37,000. ORG Wealth Partners LLC bought a new position in Venture Global during the 1st quarter valued at $60,000. Federated Hermes Inc. bought a new position in Venture Global during the 1st quarter valued at $74,000. Defined Wealth Management LLC bought a new position in Venture Global during the 1st quarter valued at $114,000. Finally, Summit Trail Advisors LLC bought a new position in Venture Global during the 1st quarter valued at $114,000.

Venture Global Price Performance

VG stock opened at $13.04 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38. Venture Global, Inc. has a 1 year low of $6.75 and a 1 year high of $25.50. The stock's fifty day moving average is $14.94 and its two-hundred day moving average is $12.76.

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, June 10th.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Scotiabank increased their price objective on shares of Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 15th. The Goldman Sachs Group reduced their price objective on shares of Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft downgraded shares of Venture Global from a "buy" rating to a "hold" rating and set a $17.00 price objective on the stock. in a research note on Monday, July 14th. Bank of America increased their price objective on shares of Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Finally, Johnson Rice started coverage on shares of Venture Global in a research note on Tuesday, June 17th. They set a "buy" rating and a $20.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $17.00.

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.

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