Russell Investments Group Ltd. Takes $3.94 Million Position in Venture Global, Inc. $VG

Key Points

• Russell Investments Group Ltd. has made a significant new investment in Venture Global, Inc., acquiring approximately $3.94 million worth of shares, totaling 382,665 shares.
• Several other large investors, including ORG Wealth Partners LLC and Federated Hermes Inc., have also recently purchased stakes in Venture Global during the first quarter.
• The current analyst consensus for Venture Global shows an average rating of "Moderate Buy" with a target price of $17.00, despite some recent downgrades from firms like Royal Bank Of Canada and Deutsche Bank.

Russell Investments Group Ltd. bought a new stake in Venture Global, Inc. (NYSE:VG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 382,665 shares of the company's stock, valued at approximately $3,941,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. purchased a new position in Venture Global in the 1st quarter valued at about $37,000. ORG Wealth Partners LLC acquired a new position in shares of Venture Global during the 1st quarter valued at about $60,000. Federated Hermes Inc. acquired a new position in shares of Venture Global during the 1st quarter valued at about $74,000. Stephens Inc. AR acquired a new position in shares of Venture Global during the 1st quarter valued at about $114,000. Finally, Defined Wealth Management LLC acquired a new position in shares of Venture Global during the 1st quarter valued at about $114,000.

Analyst Ratings Changes

A number of research firms recently issued reports on VG. JPMorgan Chase & Co. increased their target price on shares of Venture Global from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Venture Global from a "buy" rating to a "hold" rating and set a $17.00 target price for the company. in a research report on Monday, July 14th. Johnson Rice began coverage on shares of Venture Global in a research report on Tuesday, June 17th. They set a "buy" rating and a $20.00 target price for the company. Scotiabank increased their target price on shares of Venture Global from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 15th. Finally, Bank of America increased their target price on shares of Venture Global from $12.00 to $18.50 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Venture Global has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Venture Global Price Performance

NYSE:VG traded down $0.41 during trading hours on Tuesday, hitting $12.94. The stock had a trading volume of 5,596,040 shares, compared to its average volume of 7,159,239. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 3.38. Venture Global, Inc. has a 1-year low of $6.75 and a 1-year high of $25.50. The business has a 50 day simple moving average of $15.14 and a two-hundred day simple moving average of $12.76.

Venture Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.0165 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, June 10th.

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.