Tortoise Capital Advisors L.L.C. Takes Position in Venture Global, Inc. $VG

Key Points

• Tortoise Capital Advisors L.L.C. acquired approximately 2.78 million shares of Venture Global, valued at around $28.67 million, making it the firm's 29th largest holding.
• Venture Global recently declared a quarterly dividend of $0.0165 per share, resulting in an annualized yield of 0.5%.
• Analysts have varying price targets for Venture Global's stock, with a consensus rating of "Moderate Buy" and a target price averaging $17.00.

Tortoise Capital Advisors L.L.C. acquired a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,783,770 shares of the company's stock, valued at approximately $28,673,000. Venture Global accounts for approximately 0.3% of Tortoise Capital Advisors L.L.C.'s portfolio, making the stock its 29th biggest holding. Tortoise Capital Advisors L.L.C. owned 0.12% of Venture Global at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VG. Center for Financial Planning Inc. acquired a new stake in shares of Venture Global during the 1st quarter valued at about $37,000. ORG Wealth Partners LLC acquired a new stake in shares of Venture Global during the 1st quarter valued at about $60,000. Federated Hermes Inc. acquired a new stake in shares of Venture Global during the 1st quarter valued at about $74,000. Defined Wealth Management LLC acquired a new stake in shares of Venture Global during the 1st quarter valued at about $114,000. Finally, Summit Trail Advisors LLC acquired a new stake in shares of Venture Global during the 1st quarter valued at about $114,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VG. Scotiabank lifted their price target on Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft lowered Venture Global from a "buy" rating to a "hold" rating and set a $17.00 price target for the company. in a report on Monday, July 14th. Bank of America boosted their target price on Venture Global from $12.00 to $18.50 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Johnson Rice initiated coverage on Venture Global in a report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on Venture Global from $12.00 to $14.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $17.00.

Venture Global Trading Down 3.1%

Shares of VG stock traded down $0.41 during trading hours on Tuesday, reaching $12.94. 5,595,742 shares of the company's stock were exchanged, compared to its average volume of 7,159,236. Venture Global, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $25.50. The business has a fifty day moving average price of $15.14 and a 200-day moving average price of $12.76. 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 Announces Dividend

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

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.