Stratos Wealth Partners LTD. Makes New $815,000 Investment in Venture Global, Inc. $VG

Key Points

• Stratos Wealth Partners LTD. invested approximately $815,000 in Venture Global, Inc. by acquiring 52,281 shares in the second quarter.
• Insider Thomas Earl sold 500,000 shares of Venture Global on September 15th for about $6.85 million, contributing to a total of 1,500,000 shares sold by insiders in the last ninety days.
• Analysts have recently upgraded Venture Global's stock ratings, with UBS setting a new price target of $18.00 and highlighting a majority of ratings as "Buy."

Stratos Wealth Partners LTD. bought a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 52,281 shares of the company's stock, valued at approximately $815,000.

Several other hedge funds have also modified their holdings of the business. Allianz Asset Management GmbH acquired a new position in Venture Global during the first quarter worth $3,547,294,000. Vanguard Group Inc. acquired a new position in shares of Venture Global during the 1st quarter worth $125,788,000. Deutsche Bank AG acquired a new position in shares of Venture Global during the 1st quarter worth $37,798,000. Millennium Management LLC purchased a new position in shares of Venture Global in the 1st quarter valued at about $32,099,000. Finally, Tortoise Capital Advisors L.L.C. acquired a new stake in shares of Venture Global in the first quarter valued at about $28,673,000.

Insider Activity at Venture Global

In other news, insider Thomas Earl sold 500,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $13.69, for a total value of $6,845,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 1,500,000 shares of company stock worth $20,561,011 in the last ninety days. Insiders own 86.73% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Tudor Pickering upgraded shares of Venture Global to a "hold" rating in a research report on Tuesday, September 2nd. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Venture Global in a research note on Wednesday, October 8th. UBS Group raised Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 price objective for the company in a report on Monday, August 25th. Bank of America upped their target price on Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. raised their price target on Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Venture Global presently has an average rating of "Hold" and a consensus price target of $16.31.

Venture Global Stock Performance

VG stock opened at $9.56 on Thursday. The stock's 50 day moving average price is $12.70 and its 200 day moving average price is $12.79. 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.

Venture Global Increases Dividend

The business also recently disclosed a half year 25 dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a dividend of $0.017 per share. The ex-dividend date of this dividend was Friday, September 19th. This is an increase 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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