Catalyst Capital Advisors LLC Boosts Holdings in Venture Global, Inc. $VG

Key Points

• Catalyst Capital Advisors LLC increased its stake in Venture Global, Inc. by 24.8%, now owning approximately 1.73 million shares valued at $26.97 million.
• Venture Global recently raised its dividend yield to 50.0%, paying a dividend of $0.017 to investors of record on September 19th.
• Analysts have upgraded Venture Global's stock ratings, with Deutsche Bank and UBS Group issuing a buy rating and setting price targets of $17.00 and $18.00, respectively.

Catalyst Capital Advisors LLC lifted its stake in Venture Global, Inc. (NYSE:VG - Free Report) by 24.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,731,290 shares of the company's stock after buying an additional 344,390 shares during the period. Venture Global makes up 0.5% of Catalyst Capital Advisors LLC's investment portfolio, making the stock its 28th largest holding. Catalyst Capital Advisors LLC owned about 0.07% of Venture Global worth $26,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. AdvisorNet Financial Inc acquired a new stake in Venture Global during the 2nd quarter worth $28,000. Future Financial Wealth Managment LLC acquired a new stake in Venture Global during the 2nd quarter worth $47,000. CWM LLC boosted its stake in Venture Global by 278.4% during the 2nd quarter. CWM LLC now owns 6,050 shares of the company's stock worth $94,000 after purchasing an additional 4,451 shares during the period. Federated Hermes Inc. acquired a new stake in Venture Global during the 1st quarter worth $74,000. Finally, Chicago Partners Investment Group LLC boosted its stake in Venture Global by 60.8% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 22,963 shares of the company's stock worth $339,000 after purchasing an additional 8,685 shares during the period.

Venture Global Stock Performance

Shares of NYSE VG opened at $9.62 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38. Venture Global, Inc. has a 52 week low of $6.75 and a 52 week high of $25.50. The firm has a 50-day moving average price of $12.61 and a 200 day moving average price of $12.81.

Venture Global Increases Dividend

The business also recently disclosed a half year 25 dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a $0.017 dividend. This represents a dividend yield of 50.0%. This is a positive change from Venture Global's previous half year 25 dividend of $0.02. The ex-dividend date was Friday, September 19th.

Insider Activity at Venture Global

In related news, insider Thomas Earl sold 500,000 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $13.69, for a total value of $6,845,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 1,500,000 shares of company stock valued at $20,561,011 in the last ninety days. 86.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Venture Global from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a research note on Thursday, August 28th. Wall Street Zen upgraded shares of Venture Global from a "sell" rating to a "hold" rating in a research note on Saturday, June 28th. UBS Group upgraded shares of Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 target price for the company in a research note on Monday, August 25th. Tudor Pickering upgraded shares of Venture Global to a "hold" rating in a research note on Tuesday, September 2nd. Finally, Wells Fargo & Company raised their target price on shares of Venture Global from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Venture Global has a consensus rating of "Hold" and a consensus target price of $16.31.

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.

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