Forefront Wealth Management Inc. Raises Position in Venture Global, Inc. $VG

Key Points

• Forefront Wealth Management Inc. increased its stake in Venture Global, Inc. by 25.9%, now holding 114,689 shares valued at approximately $1,787,000.
• Venture Global recently declared a dividend increase to $0.017, representing a yield of 50.0%, with the ex-dividend date on September 19th.
• Wall Street analysts have favorable views on Venture Global, with several firms upgrading ratings and setting a consensus price target of $17.00 for the stock.

Forefront Wealth Management Inc. grew its position in shares of Venture Global, Inc. (NYSE:VG - Free Report) by 25.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 114,689 shares of the company's stock after acquiring an additional 23,600 shares during the period. Venture Global comprises about 1.4% of Forefront Wealth Management Inc.'s holdings, making the stock its 27th largest holding. Forefront Wealth Management Inc.'s holdings in Venture Global were worth $1,787,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH bought a new stake in shares of Venture Global during the first quarter valued at approximately $3,547,294,000. Vanguard Group Inc. purchased a new position in Venture Global during the first quarter valued at $125,788,000. Deutsche Bank AG bought a new stake in shares of Venture Global during the 1st quarter valued at $37,798,000. Millennium Management LLC purchased a new stake in shares of Venture Global in the 1st quarter worth about $32,099,000. Finally, Tortoise Capital Advisors L.L.C. bought a new position in shares of Venture Global in the 1st quarter worth about $28,673,000.

Venture Global Stock Performance

Shares of VG opened at $14.81 on Monday. Venture Global, Inc. has a twelve month low of $6.75 and a twelve month high of $25.50. The firm has a 50 day moving average of $13.75 and a 200 day moving average of $12.71. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.39 and a quick ratio of 1.33.

Venture Global Increases Dividend

The firm also recently declared a half year 25 dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a $0.017 dividend. This is an increase from Venture Global's previous half year 25 dividend of $0.02. This represents a dividend yield of 50.0%. The ex-dividend date is Friday, September 19th.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VG shares. Johnson Rice assumed coverage on shares of Venture Global in a research note on Tuesday, June 17th. They set a "buy" rating and a $20.00 price objective on the stock. Wall Street Zen raised Venture Global from a "sell" rating to a "hold" rating in a research report on Saturday, June 28th. Wells Fargo & Company upped their price target on Venture Global from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Tudor Pickering upgraded Venture Global to a "hold" rating in a research note on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Venture Global from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Venture Global currently has an average rating of "Moderate Buy" and a consensus price target of $17.00.

Insider Activity

In related news, insider Thomas Earl sold 840,076 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $13.74, for a total transaction of $11,542,644.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold 1,500,000 shares of company stock worth $20,561,011 over the last 90 days. Corporate insiders own 86.73% of the company's stock.

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.

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