Venture Global (NYSE:VG) Director Sells 200,000 Shares of Stock

Key Points

• Director Sari Beth Granat sold 200,000 Venture Global shares on August 13 at an average price of $13.49, generating proceeds of approximately $2.70 million.
• Venture Global shares rose 3.4% to $14.01, while the company reported quarterly EPS of $0.51, slightly above analyst expectations, on revenue of $4.58 billion.
• The company doubled its quarterly dividend to $0.04 per share, implying an annualized dividend of $0.16 and a 1.1% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $16.12.

Venture Global, Inc. (NYSE:VG - Get Free Report) Director Sari Beth Granat sold 200,000 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $13.49, for a total transaction of $2,698,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Venture Global Stock Up 3.4%

Shares of NYSE VG traded up $0.47 during midday trading on Friday, hitting $14.01. The company's stock had a trading volume of 13,439,558 shares, compared to its average volume of 19,084,408. The business's fifty day simple moving average is $12.52 and its two-hundred day simple moving average is $12.38. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. Venture Global, Inc. has a 1 year low of $5.72 and a 1 year high of $17.62. The firm has a market capitalization of $34.79 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.22.

Venture Global (NYSE:VG - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $4.58 billion for the quarter. Venture Global had a net margin of 21.24% and a return on equity of 35.79%. On average, equities analysts predict that Venture Global, Inc. will post 1.53 EPS for the current year.

Venture Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.04 per share. This is an increase from Venture Global's previous quarterly dividend of $0.02. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Venture Global's dividend payout ratio is currently 7.78%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VG. Weiss Ratings lowered Venture Global from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, July 20th. Morgan Stanley increased their price target on Venture Global from $20.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday, May 13th. US Capital Advisors set a $13.00 price objective on Venture Global in a research note on Friday, May 29th. Wells Fargo & Company boosted their price objective on Venture Global from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Royal Bank Of Canada raised their target price on shares of Venture Global from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Friday, April 17th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Venture Global presently has an average rating of "Moderate Buy" and an average target price of $16.12.

Institutional Trading of Venture Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in Venture Global during the 2nd quarter worth about $26,000. LRI Investments LLC purchased a new position in shares of Venture Global in the 2nd quarter valued at about $28,000. Harbour Investments Inc. purchased a new position in shares of Venture Global in the 4th quarter valued at about $29,000. Rockefeller Capital Management L.P. raised its position in shares of Venture Global by 218.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company's stock worth $30,000 after acquiring an additional 3,031 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its position in shares of Venture Global by 67.5% during the 1st quarter. AdvisorNet Financial Inc now owns 4,480 shares of the company's stock worth $71,000 after acquiring an additional 1,805 shares in the last quarter.

Venture Global Company Profile

Venture Global NYSE: VG is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.

Venture Global's core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.

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