3,669,662 Shares in Venture Global, Inc. (NYSE:VG) Acquired by Deutsche Bank AG

Deutsche Bank AG bought a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,669,662 shares of the company's stock, valued at approximately $37,798,000. Deutsche Bank AG owned 0.15% of Venture Global at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC bought a new stake in shares of Venture Global in the 1st quarter valued at $147,000. Charles Schwab Investment Management Inc. bought a new stake in Venture Global during the 1st quarter valued at $6,211,000. Vanguard Group Inc. bought a new stake in Venture Global during the 1st quarter valued at $125,788,000. PNC Financial Services Group Inc. bought a new stake in Venture Global during the 1st quarter valued at $148,000. Finally, Arkadios Wealth Advisors bought a new stake in Venture Global during the 1st quarter valued at $208,000.

Analysts Set New Price Targets

A number of brokerages have commented on VG. JPMorgan Chase & Co. boosted their price target on shares of Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Bank of America boosted their price target on shares of Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Deutsche Bank Aktiengesellschaft lowered shares of Venture Global from a "buy" rating to a "hold" rating and set a $17.00 price target for the company. in a research note on Monday, July 14th. Scotiabank boosted their price target on shares of Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 15th. Finally, UBS Group lowered shares of Venture Global from a "buy" rating to a "neutral" rating and boosted their price target for the company from $14.00 to $18.00 in a research note on Thursday, June 12th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $17.00.

Venture Global Stock Down 8.8%

Shares of NYSE:VG traded down $1.20 during midday trading on Friday, reaching $12.51. The company had a trading volume of 11,041,551 shares, compared to its average volume of 7,239,379. The company's 50 day moving average price is $15.70 and its 200 day moving average price is $13.00. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.39 and a quick ratio of 1.67. Venture Global, Inc. has a 52-week low of $6.75 and a 52-week high of $25.50.

Venture Global (NYSE:VG - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.16 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 analysts' expectations of $2.83 billion. Venture Global had a net margin of 18.89% and a return on equity of 22.45%. On average, equities 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 annualized dividend and a yield of 0.5%.

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.