91,089 Shares in Venture Global, Inc. (NYSE:VG) Acquired by Forefront Wealth Management Inc.

Forefront Wealth Management Inc. acquired a new stake in shares of Venture Global, Inc. (NYSE:VG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 91,089 shares of the company's stock, valued at approximately $938,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VG. Renaissance Capital LLC bought a new position in Venture Global during the 1st quarter worth about $1,439,000. Defined Wealth Management LLC acquired a new position in Venture Global during the 1st quarter valued at about $114,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Venture Global in the first quarter valued at about $156,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Venture Global in the first quarter worth about $1,316,000.

Wall Street Analyst Weigh In

A number of research firms recently commented on VG. Guggenheim lowered their target price on shares of Venture Global from $27.00 to $20.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Scotiabank cut their target price on Venture Global from $17.00 to $15.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. The Goldman Sachs Group dropped their target price on Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a report on Wednesday, May 14th. UBS Group lowered Venture Global from a "buy" rating to a "neutral" rating and lifted their price target for the company from $14.00 to $18.00 in a research note on Thursday, June 12th. Finally, Bank of America dropped their price target on Venture Global from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $16.27.

Venture Global Stock Up 3.7%

Shares of Venture Global stock traded up $0.65 during trading hours on Thursday, hitting $18.36. 6,232,378 shares of the company's stock traded hands, compared to its average volume of 7,426,491. Venture Global, Inc. has a twelve month low of $6.75 and a twelve month 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 stock has a 50 day moving average of $11.22.

Venture Global (NYSE:VG - Get Free Report) last released 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 company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.83 billion. As a group, equities analysts forecast 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 issued a $0.0165 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.36%.

About Venture Global

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.