Arkadios Wealth Advisors Purchases Shares of 20,150 Venture Global, Inc. (NYSE:VG)

Key Points

• Arkadios Wealth Advisors acquired 20,150 shares of Venture Global, Inc. during the 1st quarter, with a total investment valued at approximately $208,000.
• Venture Global recently reported earnings of $0.16 per share, falling short of the consensus estimate of $0.24, despite revenue exceeding expectations at $2.89 billion.
• The company declared a quarterly dividend of $0.0165 per share, reflecting a 0.5% yield, paid to shareholders on June 30th, following a record date of June 10th.

Arkadios Wealth Advisors purchased 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 13F filing with the SEC. The firm purchased 20,150 shares of the company's stock, valued at approximately $208,000.

Several other institutional investors have also added to or reduced their stakes in VG. Allianz Asset Management GmbH purchased a new position in shares of Venture Global in the 1st quarter worth approximately $3,547,294,000. Bank of New York Mellon Corp bought a new stake in shares of Venture Global during the 1st quarter worth approximately $18,551,000. Catalyst Capital Advisors LLC bought a new stake in shares of Venture Global during the 1st quarter worth approximately $14,285,000. LPL Financial LLC bought a new stake in shares of Venture Global during the 1st quarter worth approximately $6,102,000. Finally, Readystate Asset Management LP bought a new stake in shares of Venture Global during the 1st quarter worth approximately $3,385,000.

Venture Global Trading Down 4.3%

Shares of NYSE:VG opened at $13.72 on Friday. Venture Global, Inc. has a 12-month low of $6.75 and a 12-month high of $25.50. The firm has a fifty day moving average of $15.75. 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 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 company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.83 billion. As a group, equities analysts anticipate that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VG. Scotiabank raised their price target on Venture Global from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 15th. Wells Fargo & Company reissued a "reduce" rating on shares of Venture Global in a research note on Wednesday, May 14th. JPMorgan Chase & Co. lifted their target price on Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. UBS Group lowered Venture Global from a "buy" rating to a "neutral" rating and lifted their target price for the company from $14.00 to $18.00 in a research report on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft lowered Venture Global from a "buy" rating to a "hold" rating and set a $17.00 target price for the company. in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Venture Global currently has a consensus rating of "Hold" and an average target price of $16.85.

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.

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