354,683,306 Shares in Venture Global, Inc. (NYSE:VG) Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH acquired a new stake in shares of Venture Global, Inc. (NYSE:VG - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 354,683,306 shares of the company's stock, valued at approximately $3,547,294,000. Venture Global comprises approximately 4.6% of Allianz Asset Management GmbH's investment portfolio, making the stock its biggest position. Allianz Asset Management GmbH owned approximately 14.66% of Venture Global as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of VG. Center for Financial Planning Inc. bought a new stake in shares of Venture Global during the first quarter valued at approximately $37,000. ORG Wealth Partners LLC purchased a new position in shares of Venture Global in the first quarter worth $60,000. Defined Wealth Management LLC purchased a new stake in Venture Global during the first quarter valued at $114,000. Summit Trail Advisors LLC purchased a new stake in Venture Global during the first quarter valued at $114,000. Finally, Stephens Inc. AR purchased a new stake in Venture Global during the first quarter valued at $114,000.

Analysts Set New Price Targets

VG has been the subject of a number of recent analyst reports. UBS Group lowered Venture Global from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $14.00 to $18.00 in a research note on Thursday, June 12th. Johnson Rice initiated coverage on shares of Venture Global in a report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price target on the stock. Wells Fargo & Company restated a "reduce" rating on shares of Venture Global in a report on Wednesday, May 14th. The Goldman Sachs Group cut their price target on shares of Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Venture Global from $16.00 to $15.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $16.69.

Venture Global Stock Down 4.3%

Shares of Venture Global stock traded down $0.68 during trading hours on Monday, reaching $15.22. 4,571,712 shares of the company were exchanged, compared to its average volume of 4,534,631. Venture Global, Inc. has a 1 year low of $6.75 and a 1 year high of $25.50. The firm has a fifty day moving average of $14.72. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49.

Venture Global (NYSE:VG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. As a group, equities analysts expect that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were given a dividend of $0.0165 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.07 annualized dividend and a dividend yield of 0.43%.

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.