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

Key Points

• Venture Global, Inc. has received an average recommendation of "Moderate Buy" from 14 brokerages, with five holding the stock and nine giving it a buy rating, indicating positive analyst sentiment.
• The company's stock recently opened at $14.20, with a 1-year target price averaging $17.00 among analysts, highlighting potential for price appreciation.
• In a recent move, Venture Global increased its dividend to $0.017 per share, representing a substantial dividend yield of 50.0%, rewarding shareholders amidst strong insider selling activity.

Venture Global, Inc. (NYSE:VG - Get Free Report) has received an average recommendation of "Moderate Buy" from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $17.00.

VG has been the subject of a number of recent research reports. Scotiabank boosted their price objective on shares of Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft raised Venture Global from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a report on Thursday, August 28th. Tudor Pickering upgraded Venture Global to a "hold" rating in a research note on Tuesday, September 2nd. Johnson Rice assumed coverage on Venture Global in a research note on Tuesday, June 17th. They set a "buy" rating and a $20.00 price objective for the company. Finally, UBS Group upgraded Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 price objective for the company in a research note on Monday, August 25th.

Venture Global Stock Performance

VG stock opened at $14.20 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38. Venture Global has a 1-year low of $6.75 and a 1-year high of $25.50. The firm has a fifty day moving average price of $13.71 and a two-hundred day moving average price of $12.75.

Venture Global Increases Dividend

The company also recently declared a half year 25 dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a dividend of $0.017 per share. This is an increase from Venture Global's previous half year 25 dividend of $0.02. This represents a dividend yield of 50.0%. The ex-dividend date was Friday, September 19th.

Insider Buying and Selling

In other Venture Global news, insider Thomas Earl sold 840,076 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $13.74, for a total value of $11,542,644.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 1,500,000 shares of company stock valued at $20,561,011. 86.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Venture Global

A number of institutional investors and hedge funds have recently bought and sold shares of VG. Allianz Asset Management GmbH bought a new position in Venture Global in the 1st quarter valued at about $3,547,294,000. Vanguard Group Inc. bought a new position in shares of Venture Global in the first quarter valued at approximately $125,788,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Venture Global during the 2nd quarter valued at $76,489,000. Deutsche Bank AG bought a new position in Venture Global during the 1st quarter valued at $37,798,000. Finally, Millennium Management LLC bought a new position in Venture Global during the 1st quarter valued at $32,099,000.

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.

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