Venture Global (NYSE:VG) CAO Sells $14,020,000.00 in Stock

Venture Global, Inc. (NYSE:VG) CAO Sarah Blake sold 1,000,000 shares of Venture Global stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $14.02, for a total transaction of $14,020,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Venture Global Stock Performance

Venture Global stock traded up $0.47 during midday trading on Friday, reaching $14.01. 13,439,558 shares of the stock traded hands, compared to its average volume of 19,084,408. 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 current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 3.40. The firm has a market cap of $34.79 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.60 and a beta of 0.22. The firm has a fifty day moving average price of $12.52 and a two-hundred day moving average price of $12.38.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, August 10th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $4.58 billion for the quarter. Venture Global had a return on equity of 35.79% and a net margin of 21.24%. On average, equities research analysts forecast that Venture Global, Inc. will post 1.53 earnings per share for the current year.

Venture Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.04 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.16 annualized dividend and a yield of 1.1%. This is an increase from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s payout ratio is 7.78%.

Analyst Ratings Changes

A number of research analysts have issued reports on VG shares. Wells Fargo & Company boosted their price target on Venture Global from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Mizuho raised their price target on Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Citigroup raised shares of Venture Global from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $17.00 in a report on Wednesday, May 13th. JPMorgan Chase & Co. upgraded shares of Venture Global from a “neutral” rating to an “overweight” rating and increased their target price for the company from $16.00 to $17.00 in a research report on Thursday, June 4th. Finally, Sanford C. Bernstein started coverage on shares of Venture Global in a research note on Tuesday, June 16th. They set a “market perform” rating and a $14.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Venture Global presently has an average rating of “Moderate Buy” and an average price target of $16.12.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VG. Northwestern Mutual Wealth Management Co. acquired a new stake in Venture Global in the 2nd quarter valued at about $26,000. LRI Investments LLC bought a new stake in shares of Venture Global in the 2nd quarter worth approximately $28,000. Harbour Investments Inc. bought a new stake in shares of Venture Global in the 4th quarter worth approximately $29,000. Rockefeller Capital Management L.P. lifted its stake in Venture Global by 218.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after purchasing an additional 3,031 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in Venture Global by 67.5% during the first quarter. AdvisorNet Financial Inc now owns 4,480 shares of the company’s stock worth $71,000 after buying an additional 1,805 shares in the last quarter.

About Venture Global

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.