Cetera Investment Advisers Invests $635,000 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) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 61,638 shares of the company's stock, valued at approximately $635,000.

Several other large investors have also added to or reduced their stakes in VG. Exchange Traded Concepts LLC acquired a new stake in Venture Global in the first quarter valued at approximately $1,316,000. Forefront Wealth Management Inc. acquired a new stake in Venture Global in the first quarter valued at approximately $938,000. KG&L Capital Management LLC acquired a new stake in Venture Global in the first quarter valued at approximately $359,000. Context Capital Management LLC acquired a new stake in Venture Global in the first quarter valued at approximately $768,000. Finally, Allianz Asset Management GmbH acquired a new stake in Venture Global in the first quarter valued at approximately $3,547,294,000.

Venture Global Stock Performance

Shares of VG traded up $0.34 during mid-day trading on Wednesday, hitting $12.59. The stock had a trading volume of 6,321,410 shares, compared to its average volume of 7,160,402. The business has a fifty day moving average price of $15.40 and a 200-day moving average price of $12.98. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39. Venture Global, Inc. has a 52 week low of $6.75 and a 52 week high of $25.50.

Venture Global Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group dropped their target price on Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft cut Venture Global from a "buy" rating to a "hold" rating and set a $17.00 target price on the stock. in a research report on Monday, July 14th. Bank of America lifted their target price on Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Johnson Rice began coverage on Venture Global in a research report on Tuesday, June 17th. They set a "buy" rating and a $20.00 target price on the stock. Finally, Scotiabank lifted their target price 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. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.