Pacer Advisors Inc. Invests $1.62 Million in Venture Global, Inc. (NYSE:VG)

Pacer Advisors Inc. bought a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 157,560 shares of the company's stock, valued at approximately $1,623,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Center for Financial Planning Inc. acquired a new stake in shares of Venture Global in the 1st quarter valued at $37,000. ORG Wealth Partners LLC bought a new stake in shares of Venture Global in the 1st quarter valued at about $60,000. Stephens Inc. AR acquired a new position in shares of Venture Global in the 1st quarter valued at approximately $114,000. Summit Trail Advisors LLC acquired a new position in shares of Venture Global in the 1st quarter valued at approximately $114,000. Finally, Defined Wealth Management LLC acquired a new position in shares of Venture Global in the 1st quarter valued at approximately $114,000.

Venture Global Stock Down 2.3%

Shares of NYSE VG traded down $0.36 during mid-day trading on Friday, reaching $14.97. The company had a trading volume of 4,636,739 shares, compared to its average volume of 4,643,161. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.73. Venture Global, Inc. has a one year low of $6.75 and a one year high of $25.50. The company has a 50-day moving average price of $15.48.

Venture Global (NYSE:VG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. Sell-side analysts forecast that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, June 10th.

Analyst Ratings Changes

VG has been the subject of a number of recent research reports. Royal Bank Of Canada reduced their price target on Venture Global from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. Scotiabank increased their price objective on Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a report on Tuesday, July 15th. Johnson Rice began coverage on Venture Global in a report on Tuesday, June 17th. They set a "buy" rating and a $20.00 price target for the company. UBS Group cut shares of Venture Global from a "buy" rating to a "neutral" rating and raised their target price for the stock from $14.00 to $18.00 in a research note on Thursday, June 12th. Finally, Wells Fargo & Company restated a "reduce" rating on shares of Venture Global in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Venture Global currently has an average rating of "Hold" and an average price target of $16.85.

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.