U.S. Capital Wealth Advisors LLC Invests $588,000 in Venture Global, Inc. $VG

Key Points

• U.S. Capital Wealth Advisors LLC invested approximately $588,000 in Venture Global, Inc., acquiring 37,750 shares during the second quarter.
• Venture Global's stock is currently up 1.7% and has a 52-week range between $6.75 and $25.50.
• The company announced a new dividend of $0.017 per share, reflecting a yield increase to 50.0%, with the payment date set for September 30th.

U.S. Capital Wealth Advisors LLC acquired a new stake in Venture Global, Inc. (NYSE:VG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 37,750 shares of the company's stock, valued at approximately $588,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VG. Center for Financial Planning Inc. purchased a new stake in shares of Venture Global during the first quarter worth $37,000. ORG Wealth Partners LLC acquired a new position in Venture Global during the first quarter worth about $60,000. Federated Hermes Inc. acquired a new position in Venture Global during the first quarter worth about $74,000. Adalta Capital Management LLC purchased a new stake in Venture Global during the 1st quarter valued at about $103,000. Finally, Summit Trail Advisors LLC acquired a new stake in Venture Global in the 1st quarter valued at about $114,000.

Venture Global Stock Up 1.7%

NYSE:VG opened at $14.78 on Friday. Venture Global, Inc. has a 52 week low of $6.75 and a 52 week high of $25.50. The stock's fifty day moving average is $13.77 and its two-hundred day moving average is $12.64. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39.

Venture Global Increases Dividend

The company also recently announced a half year 25 dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a dividend of $0.017 per share. This is a positive change from Venture Global's previous half year 25 dividend of $0.02. The ex-dividend date is Friday, September 19th. This represents a yield of 50.0%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VG. Tudor Pickering upgraded Venture Global to a "hold" rating in a research report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft raised Venture Global from a "hold" rating to a "buy" rating and set a $17.00 price objective on the stock in a research note on Thursday, August 28th. JPMorgan Chase & Co. upped their price objective on shares of Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Wells Fargo & Company lifted their target price on shares of Venture Global from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Finally, Johnson Rice started coverage on Venture Global in a report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Insiders Place Their Bets

In other Venture Global news, insider Thomas Earl sold 840,076 shares of Venture Global stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $13.74, for a total value of $11,542,644.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 1,500,000 shares of company stock valued at $20,561,011. Insiders own 86.73% of the company's stock.

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.

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