Empowered Funds LLC Purchases 125,500 Shares of Venture Global, Inc. $VG

Empowered Funds LLC lifted its holdings in Venture Global, Inc. (NYSE:VG - Free Report) by 8,751.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,934 shares of the company's stock after acquiring an additional 125,500 shares during the quarter. Empowered Funds LLC's holdings in Venture Global were worth $2,000,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VG. Royal Bank of Canada acquired a new position in Venture Global in the first quarter worth $2,150,000. Integrated Wealth Concepts LLC acquired a new position in Venture Global during the 1st quarter worth about $152,000. NewEdge Advisors LLC acquired a new position in Venture Global during the 1st quarter worth about $460,000. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global during the 2nd quarter worth about $26,000. Finally, Amundi acquired a new stake in Venture Global in the 2nd quarter valued at about $213,000.

Analyst Ratings Changes

A number of equities analysts have weighed in on VG shares. Morgan Stanley boosted their target price on shares of Venture Global from $20.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 13th. Sanford C. Bernstein began coverage on shares of Venture Global in a report on Tuesday, June 16th. They issued a "market perform" rating and a $14.00 price target for the company. JPMorgan Chase & Co. upgraded shares of Venture Global from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $16.00 to $17.00 in a research report on Thursday, June 4th. Zacks Research raised Venture Global from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada increased their price objective on Venture Global from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $16.06.

Insider Activity

In other Venture Global news, CFO Jonathan W. Thayer sold 111,111 shares of the stock in a transaction on Monday, July 20th. The shares were sold at an average price of $14.21, for a total value of $1,578,887.31. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Brian Cothran sold 473,533 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $14.81, for a total transaction of $7,013,023.73. The disclosure for this sale is available in the SEC filing. Insiders sold 4,459,399 shares of company stock worth $58,670,384 over the last quarter. 84.24% of the stock is owned by insiders.

Venture Global Trading Up 8.8%

NYSE VG opened at $13.53 on Friday. Venture Global, Inc. has a 12 month low of $5.72 and a 12 month high of $17.62. The stock has a 50-day simple moving average of $12.42 and a 200 day simple moving average of $12.22. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. The company has a market capitalization of $33.61 billion, a PE ratio of 15.03, a P/E/G ratio of 0.55 and a beta of 0.22.

Venture Global (NYSE:VG - Get Free Report) last issued its earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The firm had revenue of $4.60 billion for the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The business's quarterly revenue was up 58.9% compared to the same quarter last year. Research analysts forecast that Venture Global, Inc. will post 1.51 EPS for the current year.

Venture Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.018 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.07 annualized dividend and a yield of 0.5%. Venture Global's dividend payout ratio (DPR) is presently 7.78%.

Venture Global Profile

Venture Global NYSE: VG is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.

Venture Global's core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.

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