Healthcare of Ontario Pension Plan Trust Fund Invests $3.96 Million in Venture Global, Inc. $VG

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Venture Global, Inc. (NYSE:VG) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 251,000 shares of the company’s stock, valued at approximately $3,956,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in Venture Global by 1,750.0% during the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after purchasing an additional 3,500 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Venture Global during the 2nd quarter worth approximately $26,000. Harbour Investments Inc. acquired a new position in shares of Venture Global in the 4th quarter worth approximately $29,000. Rockefeller Capital Management L.P. lifted its position in shares of Venture Global by 218.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after purchasing an additional 3,031 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Venture Global by 217.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,230 shares of the company’s stock valued at $42,000 after purchasing an additional 4,268 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Scotiabank upped their price target on shares of Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. Weiss Ratings cut shares of Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. The Goldman Sachs Group set a $18.00 price target on Venture Global in a report on Thursday, May 14th. Finally, Citigroup raised Venture Global from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $17.00 in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.06.

Venture Global Stock Performance

Shares of VG stock opened at $13.19 on Friday. The company has a market cap of $32.78 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 0.58 and a beta of 0.33. Venture Global, Inc. has a 52 week low of $5.72 and a 52 week high of $17.62. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. The firm has a 50 day moving average of $12.42 and a 200-day moving average of $12.04.

Venture Global (NYSE:VG) last released its earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The company had revenue of $4.60 billion for the quarter. The company’s revenue was up 58.9% on a year-over-year basis. On average, equities analysts forecast that Venture Global, Inc. will post 1.51 earnings per share for the current year.

Venture Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.018 dividend. This represents a $0.07 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 15th. Venture Global’s payout ratio is 7.78%.

Insider Activity at Venture Global

In other news, VP Fory Musser sold 233,735 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $12.61, for a total transaction of $2,947,398.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jonathan W. Thayer sold 111,111 shares of the firm’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $14.21, for a total value of $1,578,887.31. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,459,399 shares of company stock valued at $58,670,384. 84.24% of the stock is currently owned by company insiders.

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.