Catalyst Capital Advisors LLC Buys New Position in Venture Global, Inc. (NYSE:VG)

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

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VG. Bank of America upped their price objective on Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Citigroup reduced their price objective on Venture Global from $18.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company restated a "reduce" rating on shares of Venture Global in a report on Wednesday, May 14th. The Goldman Sachs Group reduced their price objective on Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Finally, Royal Bank Of Canada reduced their price objective on Venture Global from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Venture Global presently has an average rating of "Moderate Buy" and a consensus target price of $16.77.

Venture Global Stock Up 0.6%

NYSE:VG traded up $0.10 during trading hours on Friday, hitting $15.56. The company had a trading volume of 3,044,365 shares, compared to its average volume of 5,904,462. The company has a quick ratio of 1.67, a current ratio of 1.73 and a debt-to-equity ratio of 3.49. The business's 50-day moving average price is $13.10. Venture Global, Inc. has a 1 year low of $6.75 and a 1 year high of $25.50.

Venture Global (NYSE:VG - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $2.83 billion. On average, research analysts expect that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Dividend Announcement

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

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.