Brown Advisory Inc. Purchases Shares of 17,477 Venture Global, Inc. (NYSE:VG)

Brown Advisory Inc. purchased a new stake in shares of Venture Global, Inc. (NYSE:VG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,477 shares of the company's stock, valued at approximately $180,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Center for Financial Planning Inc. bought a new stake in shares of Venture Global during the first quarter worth approximately $37,000. ORG Wealth Partners LLC bought a new stake in shares of Venture Global during the 1st quarter valued at $60,000. Defined Wealth Management LLC acquired a new position in shares of Venture Global in the 1st quarter valued at $114,000. Summit Trail Advisors LLC bought a new position in shares of Venture Global in the 1st quarter worth $114,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Venture Global during the first quarter worth $156,000.

Venture Global Stock Down 2.4%

Shares of NYSE:VG traded down $0.39 during mid-day trading on Friday, reaching $15.89. 3,590,909 shares of the stock were exchanged, compared to its average volume of 7,267,924. The business's 50 day moving average price is $14.48. Venture Global, Inc. has a one year low of $6.75 and a one 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 released its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.83 billion. On average, sell-side analysts expect that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a $0.0165 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.07 annualized dividend and a yield of 0.42%.

Analyst Ratings Changes

VG has been the topic of several analyst reports. Bank of America increased their target price on Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a research note on Wednesday, June 25th. The Goldman Sachs Group decreased their price objective on shares of Venture Global from $20.00 to $17.50 and set a "buy" rating for the company in a report on Wednesday, May 14th. Royal Bank Of Canada lowered their target price on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Wall Street Zen raised shares of Venture Global from a "sell" rating to a "hold" rating in a research report on Saturday, June 28th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Venture Global from $16.00 to $15.00 and set an "overweight" rating for the company in a research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $16.69.

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.