CenterBook Partners LP Invests $4.48 Million in Venture Global, Inc. (NYSE:VG)

CenterBook Partners LP purchased a new position in shares of 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 (SEC). The firm purchased 435,316 shares of the company's stock, valued at approximately $4,484,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VG. Center for Financial Planning Inc. acquired a new stake in Venture Global in the 1st quarter valued at $37,000. ORG Wealth Partners LLC acquired a new position in shares of Venture Global during the 1st quarter worth about $60,000. Federated Hermes Inc. bought a new stake in shares of Venture Global during the 1st quarter worth about $74,000. Stephens Inc. AR bought a new stake in shares of Venture Global during the 1st quarter worth about $114,000. Finally, Defined Wealth Management LLC bought a new stake in Venture Global in the 1st quarter valued at about $114,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VG. Royal Bank Of Canada cut their price target on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Wells Fargo & Company reissued a "reduce" rating on shares of Venture Global in a research note on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft lowered shares of Venture Global from a "buy" rating to a "hold" rating and set a $17.00 target price on the stock. in a research note on Monday. JPMorgan Chase & Co. cut their target price on shares of Venture Global from $16.00 to $15.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Scotiabank set a $16.00 target price on shares of Venture Global and gave the stock a "sector perform" rating in a research note on Tuesday. 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $16.69.

Venture Global Stock Performance

Shares of VG stock traded down $0.39 on Friday, hitting $15.89. The stock had a trading volume of 3,545,230 shares, compared to its average volume of 7,261,113. The company's 50 day moving average is $14.48. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67. Venture Global, Inc. has a 12-month low of $6.75 and a 12-month high of $25.50.

Venture Global (NYSE:VG - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. Equities research analysts forecast that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Announces Dividend

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

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.