Vanguard Group Inc. Makes New $125.79 Million Investment in Venture Global, Inc. $VG

Key Points

• Vanguard Group Inc. has invested approximately $125.79 million in Venture Global, acquiring over 12 million shares, representing about 0.50% of the company.
• Venture Global recently declared a quarterly dividend of $0.0165, resulting in an annualized dividend of $0.07, with a dividend yield of 0.5%.
• Several analysts have provided mixed ratings for Venture Global, with an average rating of "Moderate Buy" and a consensus target price of $17.00.

Vanguard Group Inc. acquired a new stake in shares of Venture Global, Inc. (NYSE:VG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 12,212,429 shares of the company's stock, valued at approximately $125,788,000. Vanguard Group Inc. owned 0.50% of Venture Global at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Allianz Asset Management GmbH bought a new stake in shares of Venture Global during the 1st quarter valued at $3,547,294,000. Bank of New York Mellon Corp bought a new stake in shares of Venture Global during the 1st quarter valued at $18,551,000. Catalyst Capital Advisors LLC bought a new stake in shares of Venture Global during the 1st quarter valued at $14,285,000. LPL Financial LLC bought a new stake in shares of Venture Global during the 1st quarter valued at $6,102,000. Finally, Readystate Asset Management LP bought a new stake in shares of Venture Global during the 1st quarter valued at $3,385,000.

Wall Street Analyst Weigh In

VG has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. UBS Group raised shares of Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 target price for the company in a report on Monday. Scotiabank upped their target price on shares of Venture Global from $13.00 to $16.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 15th. Johnson Rice initiated coverage on shares of Venture Global in a report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 target price for the company. Finally, Wall Street Zen raised shares of Venture Global from a "sell" rating to a "hold" rating in a report on Saturday, June 28th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.00.

Venture Global Price Performance

Venture Global stock traded up $0.16 during mid-day trading on Wednesday, hitting $13.04. The stock had a trading volume of 7,556,526 shares, compared to its average volume of 6,858,203. Venture Global, Inc. has a one year low of $6.75 and a one year high of $25.50. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38. The firm's 50 day moving average is $14.94 and its 200 day moving average is $12.76.

Venture Global Dividend Announcement

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

Venture Global Company 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.