Venture Global, Inc. $VG Stock: Alps Advisors Inc. Grows Stake

Key Points

• Alps Advisors increased its Venture Global stake by 11.9% in the third quarter, adding 146,749 shares to bring its holdings to about 1.38 million shares, valued at $17.5 million.
• Venture Global insiders sold 2.49 million shares worth approximately $35.1 million over the past 90 days; insiders still own 84.24% of the company.
• The company reported quarterly EPS of $0.51, slightly above analysts’ $0.50 estimate, on $4.58 billion in revenue. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $16.87.

Alps Advisors Inc. grew its holdings in shares of Venture Global, Inc. (NYSE:VG - Free Report) by 11.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,384,624 shares of the company's stock after purchasing an additional 146,749 shares during the quarter. Alps Advisors Inc. owned approximately 0.06% of Venture Global worth $17,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VG. Ancora Advisors LLC increased its stake in shares of Venture Global by 3.8% in the 2nd quarter. Ancora Advisors LLC now owns 27,000 shares of the company's stock worth $301,000 after purchasing an additional 1,000 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Venture Global by 11.3% during the third quarter. SBI Securities Co. Ltd. now owns 13,484 shares of the company's stock valued at $170,000 after purchasing an additional 1,371 shares during the period. Prime Capital Investment Advisors LLC grew its holdings in Venture Global by 7.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 22,054 shares of the company's stock valued at $279,000 after purchasing an additional 1,442 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in Venture Global by 10.1% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 17,587 shares of the company's stock worth $222,000 after buying an additional 1,618 shares in the last quarter. Finally, Royal Bank of Canada increased its position in Venture Global by 2.5% in the first quarter. Royal Bank of Canada now owns 78,310 shares of the company's stock worth $1,235,000 after buying an additional 1,893 shares in the last quarter.

Insider Activity at Venture Global

In other Venture Global news, CFO Jonathan W. Thayer sold 111,111 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $13.86, for a total transaction of $1,539,998.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sari Granat sold 200,000 shares of Venture Global stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $13.49, for a total value of $2,698,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,493,553 shares of company stock valued at $35,074,470 in the last 90 days. 84.24% of the stock is currently owned by insiders.

Venture Global Price Performance

Shares of NYSE:VG opened at $11.50 on Friday. The firm has a market cap of $28.76 billion, a price-to-earnings ratio of 9.06 and a beta of 0.22. The firm has a fifty day moving average price of $13.64 and a 200 day moving average price of $12.75. Venture Global, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $17.62. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.11 and a current ratio of 1.19.

Venture Global (NYSE:VG - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. The company had revenue of $4.58 billion for the quarter. As a group, sell-side analysts expect that Venture Global, Inc. will post 1.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VG. The Goldman Sachs Group reissued a "buy" rating on shares of Venture Global in a report on Friday, October 9th. Scotiabank raised their target price on shares of Venture Global from $15.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Thursday, September 10th. Zacks Research downgraded shares of Venture Global from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Weiss Ratings upgraded shares of Venture Global from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, September 28th. Finally, Mizuho increased their price objective on shares of Venture Global from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 22nd. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Venture Global currently has an average rating of "Moderate Buy" and a consensus target price of $16.87.

Venture Global Profile

Venture Global, Inc is a U.S. liquefied natural gas (LNG) company that develops, constructs and operates facilities to produce and export LNG. Its activities include sourcing natural gas, processing it into LNG and delivering the fuel to customers in international markets, often through long-term supply agreements.

Founded in 2013, the company is based in Arlington, Virginia, and focuses its LNG projects on Louisiana's Gulf Coast. Its facilities include Calcasieu Pass and Plaquemines LNG, while it is also developing additional export capacity, including the proposed CP2 project.

Venture Global is led by co-founder and Chief Executive Officer Mike Sabel.

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