Venture Global, Inc. (NYSE:VG) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Venture Global, Inc. has received an average rating of “Moderate Buy” from fourteen brokerages, with a 12-month price target of $17.00.
• Recent analyst upgrades include Deutsche Bank raising their rating to “buy” and setting a target price of $17.00, and Bank of America increasing its target from $12.00 to $18.50.
• Institutional investments in Venture Global have increased, with notable increases from Osaic Holdings and several new positions acquired by other firms in the second quarter.

Shares of Venture Global, Inc. (NYSE:VG - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $17.00.

Several equities analysts have recently issued reports on VG shares. The Goldman Sachs Group decreased their price objective on Venture Global from $20.00 to $17.50 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft raised shares of Venture Global from a "hold" rating to a "buy" rating and set a $17.00 target price on the stock in a report on Thursday, August 28th. UBS Group upgraded shares of Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 price target for the company in a report on Monday, August 25th. Tudor Pickering upgraded shares of Venture Global to a "hold" rating in a report on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Venture Global from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th.

Institutional Investors Weigh In On Venture Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new position in Venture Global in the second quarter valued at approximately $26,000. AdvisorNet Financial Inc acquired a new stake in Venture Global during the second quarter worth approximately $28,000. Delos Wealth Advisors LLC purchased a new stake in shares of Venture Global during the 2nd quarter worth approximately $45,000. Future Financial Wealth Managment LLC acquired a new position in shares of Venture Global in the 2nd quarter valued at $47,000. Finally, Center for Financial Planning Inc. purchased a new position in shares of Venture Global in the 1st quarter valued at $37,000.

Venture Global Price Performance

NYSE:VG traded down $0.22 during midday trading on Friday, reaching $13.75. The company had a trading volume of 8,909,581 shares, compared to its average volume of 6,020,251. Venture Global has a 12-month low of $6.75 and a 12-month 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 stock's fifty day simple moving average is $14.23 and its 200-day simple moving average is $12.54.

Venture Global Increases Dividend

The firm also recently declared a half year 25 dividend, which will be paid on Tuesday, September 30th. Shareholders 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 of this dividend is Friday, September 19th. This represents a yield of 50.0%.

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.