1,386,900 Shares in Venture Global, Inc. (NYSE:VG) Acquired by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC acquired a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,386,900 shares of the company's stock, valued at approximately $14,285,000. Catalyst Capital Advisors LLC owned approximately 0.06% of Venture Global at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new position in Venture Global during the 1st quarter valued at about $1,316,000. Forefront Wealth Management Inc. purchased a new position in Venture Global during the 1st quarter valued at about $938,000. KG&L Capital Management LLC purchased a new position in Venture Global during the 1st quarter valued at about $359,000. Renaissance Capital LLC purchased a new position in Venture Global during the 1st quarter valued at about $1,439,000. Finally, Rossby Financial LCC purchased a new position in Venture Global during the 1st quarter valued at about $211,000.

Analyst Ratings Changes

A number of research firms recently issued reports on VG. Mizuho decreased their price target on shares of Venture Global from $25.00 to $18.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Bank of America increased 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. Johnson Rice initiated coverage on shares of Venture Global in a research note on Tuesday, June 17th. They set a "buy" rating and a $20.00 target price for the company. Guggenheim decreased their price objective on shares of Venture Global from $27.00 to $20.00 and set a "buy" rating for the company in a report on Monday, March 10th. Finally, Royal Bank Of Canada decreased 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 report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.77.

Venture Global Trading Up 0.6%

Shares of NYSE VG traded up $0.10 during midday trading on Friday, hitting $15.56. The company's stock had a trading volume of 3,044,365 shares, compared to its average volume of 5,904,462. 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, Inc. has a 1 year low of $6.75 and a 1 year high of $25.50. The company's fifty day moving average price is $13.10.

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 for the quarter, compared to the consensus estimate of $2.83 billion. Equities research analysts anticipate that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.0165 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Tuesday, June 10th.

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.