Brown Advisory Inc. Invests $180,000 in Venture Global, Inc. (NYSE:VG)

Brown Advisory Inc. acquired a new stake in Venture Global, Inc. (NYSE:VG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,477 shares of the company's stock, valued at approximately $180,000.

Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in Venture Global in the first quarter valued at approximately $18,551,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Venture Global during the first quarter worth approximately $14,285,000. Envestnet Asset Management Inc. acquired a new stake in shares of Venture Global during the first quarter worth approximately $2,417,000. Renaissance Capital LLC acquired a new stake in shares of Venture Global during the first quarter worth approximately $1,439,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Venture Global during the first quarter worth approximately $1,316,000.

Wall Street Analyst Weigh In

VG has been the subject of a number of research reports. Wells Fargo & Company reaffirmed a "reduce" rating on shares of Venture Global in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft downgraded shares of Venture Global from a "buy" rating to a "hold" rating and set a $17.00 price target for the company. in a report on Monday, July 14th. UBS Group downgraded shares of Venture Global from a "buy" rating to a "neutral" rating and boosted their price target for the company from $14.00 to $18.00 in a report on Thursday, June 12th. Bank of America boosted 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Venture Global from $16.00 to $15.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $16.69.

Venture Global Price Performance

NYSE VG traded down $0.39 on Friday, hitting $15.89. 3,600,559 shares of the company were exchanged, compared to its average volume of 4,735,863. The company's 50 day moving average price is $14.61. 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, Inc. has a twelve month low of $6.75 and a twelve month high of $25.50.

Venture Global (NYSE:VG - Get Free Report) last released 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 business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. On average, analysts predict that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.42%.

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.