Venture Global, Inc. (NYSE:VG) Receives Average Rating of "Hold" from Brokerages

Key Points

• Venture Global, Inc. has received an average rating of "Hold" from fifteen brokerage firms, with one analyst recommending a sell, six recommending hold, and eight suggesting a buy.
• The company recently saw an insider, Thomas Earl, sell 500,000 shares for a total of $6.85 million, while insiders collectively sold 1.5 million shares valued at over $20 million in the past 90 days.
• Venture Global announced an increase in its dividend payout, raising it from $0.02 to $0.017, representing a significant dividend yield of 50.0%.

Shares of Venture Global, Inc. (NYSE:VG - Get Free Report) have been assigned an average rating of "Hold" from the fifteen ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $16.3077.

A number of research firms have recently issued reports on VG. Wall Street Zen upgraded shares of Venture Global from a "sell" rating to a "hold" rating in a research report on Saturday, June 28th. UBS Group raised shares of Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 price objective on the stock in a report on Monday, August 25th. JPMorgan Chase & Co. increased their price objective on shares of Venture Global from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Venture Global in a report on Friday. Finally, Scotiabank dropped their price objective on shares of Venture Global from $16.00 to $13.00 and set a "sector perform" rating on the stock in a report on Friday, October 17th.

Insider Buying and Selling at Venture Global

In related news, insider Thomas Earl sold 500,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $13.69, for a total value of $6,845,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 1,500,000 shares of company stock valued at $20,561,011. 86.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Venture Global

Several large investors have recently bought and sold shares of VG. Wealth Enhancement Advisory Services LLC acquired a new position in Venture Global during the 1st quarter valued at about $156,000. Oppenheimer & Co. Inc. acquired a new position in shares of Venture Global in the 1st quarter worth approximately $247,000. Summit Trail Advisors LLC acquired a new position in shares of Venture Global in the 1st quarter worth approximately $114,000. Rossby Financial LCC acquired a new position in shares of Venture Global in the 1st quarter worth approximately $211,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Venture Global in the 1st quarter worth approximately $14,285,000.

Venture Global Trading Down 1.5%

Venture Global stock opened at $9.50 on Friday. The firm's 50-day moving average is $12.55 and its 200-day moving average is $12.86. 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 has a 1 year low of $6.75 and a 1 year high of $25.50. The company has a market cap of $23.05 billion and a P/E ratio of 15.07.

Venture Global Increases Dividend

The company also recently disclosed a half year 25 dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a $0.017 dividend. This is a boost from Venture Global's previous half year 25 dividend of $0.02. The ex-dividend date of this dividend was Friday, September 19th. This represents a dividend yield of 50.0%. Venture Global's dividend payout ratio is 11.11%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.