SG Americas Securities LLC Boosts Stock Position in Venture Global, Inc. $VG

Key Points

• SG Americas Securities LLC increased its stake in Venture Global by 828.3% in Q4, buying 109,594 shares to hold 122,825 shares valued at about $838,000.
• Vanguard Group substantially expanded its position, acquiring 13,620,863 shares to own 22,862,372 shares worth roughly $324.4 million, indicating major institutional accumulation.
• Venture Global beat quarterly EPS estimates ($0.41 vs. $0.35) with revenue of $4.45 billion (up 191.7% year-over-year), while insiders sold roughly 5.87 million shares (~$82.0 million) last quarter despite insiders owning 86.73% of the company.

SG Americas Securities LLC lifted its position in Venture Global, Inc. (NYSE:VG - Free Report) by 828.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 122,825 shares of the company's stock after buying an additional 109,594 shares during the quarter. SG Americas Securities LLC's holdings in Venture Global were worth $838,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VG. Vanguard Group Inc. grew its stake in Venture Global by 147.4% during the 3rd quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company's stock worth $324,417,000 after purchasing an additional 13,620,863 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Venture Global during the 2nd quarter worth $76,489,000. Mather Group LLC. boosted its position in shares of Venture Global by 171.9% during the 3rd quarter. Mather Group LLC. now owns 460,000 shares of the company's stock worth $6,527,000 after acquiring an additional 1,100,000 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Venture Global during the 3rd quarter worth about $13,632,000. Finally, Alps Advisors Inc. acquired a new position in shares of Venture Global during the 3rd quarter worth about $13,413,000.

Venture Global Price Performance

VG stock opened at $12.97 on Friday. Venture Global, Inc. has a 52-week low of $5.72 and a 52-week high of $19.50. The stock's fifty day simple moving average is $12.26 and its 200-day simple moving average is $9.93. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 3.24. The stock has a market capitalization of $31.87 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.01 and a beta of 1.84.

Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings data on Monday, March 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.06. The business had revenue of $4.45 billion for the quarter. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The business's revenue for the quarter was up 191.7% compared to the same quarter last year. Equities research analysts expect that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $0.018 dividend. This is an increase from Venture Global's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.07 annualized dividend and a dividend yield of 0.6%. Venture Global's dividend payout ratio is 8.14%.

Insider Transactions at Venture Global

In related news, insider Thomas Earl sold 1,000,000 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $11.83, for a total value of $11,830,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Sarah Blake sold 300,000 shares of the firm's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $11.85, for a total value of $3,555,000.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 5,872,223 shares of company stock valued at $82,002,870. Corporate insiders own 86.73% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VG. US Capital Advisors raised Venture Global to a "moderate sell" rating in a report on Monday, December 15th. Bank of America upped their price objective on Venture Global from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, March 20th. Royal Bank Of Canada increased their target price on Venture Global from $11.00 to $14.00 and gave the stock an "outperform" rating in a research note on Friday, March 13th. Scotiabank increased their target price on Venture Global from $9.00 to $11.00 and gave the stock a "sector perform" rating in a research note on Tuesday, March 17th. Finally, Weiss Ratings upgraded Venture Global from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, March 18th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Venture Global currently has a consensus rating of "Hold" and an average target price of $15.70.

Venture Global Profile

Venture Global NYSE: VG is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.

Venture Global's core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.

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