75,270 Shares in Venture Global, Inc. (NYSE:VG) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 75,270 shares of Venture Global, Inc., valued at approximately $775,000, according to its Form 13F filing with the SEC.
• Venture Global stock has a current average target price of $16.85, with a mix of ratings: one sell, six holds, and seven buys from research analysts.
• The company has announced a quarterly dividend of $0.0165 per share, resulting in an annualized yield of 0.4% for shareholders of record.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Venture Global, Inc. (NYSE:VG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 75,270 shares of the company's stock, valued at approximately $775,000.

A number of other institutional investors also recently modified their holdings of VG. Allianz Asset Management GmbH bought a new stake in shares of Venture Global in the 1st quarter worth $3,547,294,000. Bank of New York Mellon Corp bought a new stake in shares of Venture Global in the 1st quarter worth $18,551,000. Catalyst Capital Advisors LLC bought a new stake in shares of Venture Global in the 1st quarter worth $14,285,000. Envestnet Asset Management Inc. bought a new stake in shares of Venture Global in the 1st quarter worth $2,417,000. Finally, Renaissance Capital LLC bought a new position in Venture Global during the first quarter valued at about $1,439,000.

Analyst Ratings Changes

VG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut 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 report on Monday, July 14th. Johnson Rice initiated coverage on shares of Venture Global in a research note on Tuesday, June 17th. They set a "buy" rating and a $20.00 price target on the stock. Wells Fargo & Company reaffirmed a "reduce" rating on shares of Venture Global in a research note on Wednesday, May 14th. UBS Group downgraded shares of Venture Global from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $14.00 to $18.00 in a research note on Thursday, June 12th. Finally, Scotiabank lifted their target price on shares of Venture Global from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $16.85.

Venture Global Price Performance

Shares of VG stock traded down $0.10 during trading hours on Wednesday, reaching $14.67. 2,468,919 shares of the company's stock were exchanged, compared to its average volume of 7,084,894. The firm has a fifty day moving average price of $15.67. 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 quick ratio of 1.67 and a current ratio of 1.73.

Venture Global (NYSE:VG - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $2.83 billion. As a group, equities analysts forecast that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

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 issued a $0.0165 dividend. This represents a $0.07 annualized dividend and a yield of 0.4%. The ex-dividend date was 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.