80,000 Shares in Venture Global, Inc. (NYSE:VG) Acquired by Eagle Global Advisors LLC

Key Points

• Eagle Global Advisors LLC has acquired a stake of 80,000 shares in Venture Global, Inc., valued at approximately $824,000 during the first quarter.
• Several other institutional investors, including Allianz Asset Management and Vanguard Group, have also established significant positions in Venture Global in the same period.
• Analysts have set varying price targets for Venture Global, with a consensus rating of "Hold" and an average target price of $16.85.

Eagle Global Advisors LLC purchased a new stake in shares of Venture Global, Inc. (NYSE:VG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 80,000 shares of the company's stock, valued at approximately $824,000.

A number of other large investors have also added to or reduced their stakes in the company. Center for Financial Planning Inc. purchased a new position in Venture Global in the 1st quarter worth approximately $37,000. ORG Wealth Partners LLC bought a new position in shares of Venture Global in the first quarter worth about $60,000. Federated Hermes Inc. bought a new position in shares of Venture Global in the first quarter worth about $74,000. Stephens Inc. AR bought a new position in shares of Venture Global during the 1st quarter valued at about $114,000. Finally, Defined Wealth Management LLC bought a new position in shares of Venture Global during the 1st quarter valued at about $114,000.

Analysts Set New Price Targets

VG has been the subject of several analyst reports. Royal Bank Of Canada decreased their price objective on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Wall Street Zen upgraded shares of Venture Global from a "sell" rating to a "hold" rating in a research note on Saturday, June 28th. Scotiabank boosted their target price on shares of Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their price objective on shares of Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, UBS Group cut shares of Venture Global from a "buy" rating to a "neutral" rating and upped their price objective for the company from $14.00 to $18.00 in a research note on Thursday, June 12th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Venture Global Stock Performance

VG traded down $1.20 during mid-day trading on Friday, hitting $12.51. The stock had a trading volume of 10,801,712 shares, compared to its average volume of 7,219,715. The stock's fifty day simple moving average is $15.70 and its 200-day simple moving average is $13.00. The company has a current ratio of 1.39, a quick ratio of 1.67 and a debt-to-equity ratio of 3.38. 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 posted its earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. Venture Global had a return on equity of 22.45% and a net margin of 18.89%. Sell-side analysts anticipate 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. Shareholders of record on Tuesday, June 10th were paid a $0.0165 dividend. This represents a $0.07 annualized dividend and a yield of 0.5%. 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.