Militia Capital Partners LP Makes New $194,000 Investment in Venture Global, Inc. $VG

Key Points

• Militia Capital Partners LP acquired 18,800 shares of Venture Global, Inc. for approximately $194,000 during the first quarter.
• Several hedge funds, including Allianz Asset Management and Vanguard Group, also made significant acquisitions in Venture Global during the same period, indicating growing institutional interest.
• Analysts have raised target prices for Venture Global shares, with Bank of America setting a target of $18.50 and multiple analysts giving the stock a "buy" rating.

Militia Capital Partners LP purchased a new stake in Venture Global, Inc. (NYSE:VG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,800 shares of the company's stock, valued at approximately $194,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Center for Financial Planning Inc. acquired a new stake in shares of Venture Global in the first quarter valued at $37,000. ORG Wealth Partners LLC purchased a new position in Venture Global in the first quarter valued at $60,000. Federated Hermes Inc. purchased a new stake in Venture Global during the 1st quarter worth about $74,000. Adalta Capital Management LLC purchased a new position in shares of Venture Global in the 1st quarter valued at about $103,000. Finally, Defined Wealth Management LLC purchased a new stake in Venture Global during the first quarter worth approximately $114,000.

Wall Street Analysts Forecast Growth

VG has been the subject of several research reports. Scotiabank boosted their target price on Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded Venture Global from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a research note on Thursday, August 28th. Johnson Rice started coverage on shares of Venture Global in a report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 target price on the stock. UBS Group raised Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 price target for the company in a report on Monday, August 25th. Finally, Bank of America upped their price target on shares of Venture Global from $12.00 to $18.50 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.00.

Insider Activity

In related news, insider Thomas Earl sold 159,924 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $13.59, for a total transaction of $2,173,367.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 86.73% of the company's stock.

Venture Global Stock Up 0.2%

VG stock traded up $0.03 during trading on Wednesday, hitting $14.13. The stock had a trading volume of 2,331,106 shares, compared to its average volume of 7,072,758. The company's 50 day moving average price is $14.12 and its two-hundred day moving average price is $12.52. Venture Global, Inc. has a 1-year low of $6.75 and a 1-year high of $25.50. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38.

Venture Global Increases Dividend

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

Venture Global Profile

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.