Militia Capital Partners LP Takes Position 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 acquired a new stake in Venture Global, Inc. (NYSE:VG - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 18,800 shares of the company's stock, valued at approximately $194,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VG. Allianz Asset Management GmbH acquired a new stake in shares of Venture Global in the first quarter valued at approximately $3,547,294,000. Vanguard Group Inc. bought a new position in shares of Venture Global in the first quarter valued at $125,788,000. Deutsche Bank AG bought a new position in shares of Venture Global in the first quarter valued at $37,798,000. Millennium Management LLC bought a new position in shares of Venture Global in the first quarter valued at $32,099,000. Finally, Tortoise Capital Advisors L.L.C. bought a new position in shares of Venture Global in the first quarter valued at $28,673,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Bank of America raised their target price 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. UBS Group raised shares of Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 target price for the company in a research note on Monday, August 25th. JPMorgan Chase & Co. raised their target price 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. Deutsche Bank Aktiengesellschaft raised shares of Venture Global from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a research note on Thursday, August 28th. Finally, Wells Fargo & Company raised their target price on shares of Venture Global from $12.00 to $14.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Nine research 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Venture Global Stock Down 1.6%

VG stock opened at $13.75 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 3.38. The company has a fifty day moving average price of $14.23 and a two-hundred day moving average price of $12.54. Venture Global, Inc. has a one year low of $6.75 and a one year high of $25.50.

Venture Global Increases Dividend

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

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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