Cetera Investment Advisers Makes New $635,000 Investment in Venture Global, Inc. $VG

Key Points

• Cetera Investment Advisers acquired a total of 61,638 shares of Venture Global, Inc. (NYSE:VG), valued at approximately $635,000.
• Venture Global recently declared a quarterly dividend of $0.0165, representing a 0.5% yield, with payments made to investors of record on June 10th.
• Wall Street analysts show a moderate buy consensus rating for Venture Global, with price targets ranging from $14.00 to $18.50.

Cetera Investment Advisers bought a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 61,638 shares of the company's stock, valued at approximately $635,000.

A number of other institutional investors also recently modified their holdings of VG. Center for Financial Planning Inc. acquired a new position in shares of Venture Global during the first quarter worth approximately $37,000. ORG Wealth Partners LLC purchased a new stake in Venture Global in the 1st quarter valued at $60,000. Defined Wealth Management LLC purchased a new stake in Venture Global in the 1st quarter valued at $114,000. Summit Trail Advisors LLC purchased a new stake in Venture Global in the 1st quarter valued at $114,000. Finally, Stephens Inc. AR purchased a new stake in Venture Global in the 1st quarter valued at $114,000.

Venture Global Stock Down 0.6%

Shares of VG stock traded down $0.07 on Wednesday, hitting $12.18. 533,971 shares of the stock were exchanged, compared to its average volume of 7,160,298. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 3.38. Venture Global, Inc. has a one year low of $6.75 and a one year high of $25.50. The firm's 50 day moving average is $15.48 and its two-hundred day moving average is $12.98.

Venture Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.0165 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.07 annualized dividend and a dividend yield of 0.5%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VG shares. Scotiabank increased their price target on Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 15th. Wall Street Zen raised Venture Global from a "sell" rating to a "hold" rating in a research report on Saturday, June 28th. JPMorgan Chase & Co. increased their price target on Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Royal Bank Of Canada lowered their price target on Venture Global from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft lowered Venture Global from a "buy" rating to a "hold" rating and set a $17.00 target price for the company. in a research report on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Venture Global has a consensus rating of "Moderate Buy" and an average target price of $17.00.

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.