Adage Capital Partners GP L.L.C. Buys New Shares in Venture Global, Inc. $VG

Key Points

• Adage Capital Partners GP L.L.C. invested approximately $20.09 million in Venture Global, acquiring 1,950,000 shares, which represents about 0.08% of the company.
• Several hedge funds also increased their stakes in Venture Global during the first quarter, totaling investments from multiple entities, including Scoggin Management and Royal Bank of Canada.
• Venture Global received various analyst upgrades, with Deutsche Bank upgrading it to a "buy" rating and setting a price target of $17.00, contributing to its average rating of "Moderate Buy."

Adage Capital Partners GP L.L.C. 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 filing with the SEC. The institutional investor acquired 1,950,000 shares of the company's stock, valued at approximately $20,085,000. Adage Capital Partners GP L.L.C. owned about 0.08% of Venture Global at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Center for Financial Planning Inc. acquired a new stake in Venture Global during the 1st quarter worth about $37,000. ORG Wealth Partners LLC purchased a new stake in Venture Global in the first quarter valued at approximately $60,000. Federated Hermes Inc. purchased a new stake in Venture Global in the first quarter valued at approximately $74,000. PEAK6 LLC purchased a new stake in shares of Venture Global during the first quarter worth $114,000. Finally, Stephens Inc. AR purchased a new position in Venture Global in the first quarter valued at $114,000.

Wall Street Analyst Weigh In

VG has been the subject of several recent research reports. The Goldman Sachs Group decreased their target price on shares of Venture Global from $20.00 to $17.50 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Venture Global from a "hold" rating to a "buy" rating and set a $17.00 target price on the stock in a research report on Thursday, August 28th. JPMorgan Chase & Co. lifted their price target on shares of Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. UBS Group upgraded shares of Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 price target on the stock in a report on Monday, August 25th. Finally, Bank of America lifted their price target on shares of Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a report on Wednesday, June 25th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Venture Global Trading Up 1.1%

Shares of VG traded up $0.14 during midday trading on Wednesday, hitting $13.43. The company had a trading volume of 2,096,206 shares, compared to its average volume of 7,060,429. Venture Global, Inc. has a 52 week low of $6.75 and a 52 week high of $25.50. The company's 50 day moving average price is $14.29 and its 200 day moving average price is $12.54. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.39 and a quick ratio of 1.33.

Venture Global Dividend Announcement

The company also recently announced a half year 25 dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a dividend of $0.017 per share.

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.