WINTON GROUP Ltd Lowers Stock Position in Venture Global, Inc. $VG

WINTON GROUP Ltd trimmed its position in shares of Venture Global, Inc. (NYSE:VG) by 97.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,700 shares of the company’s stock after selling 638,812 shares during the period. WINTON GROUP Ltd’s holdings in Venture Global were worth $208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Corecam AG purchased a new position in shares of Venture Global in the 2nd quarter worth about $2,401,000. Y Intercept Hong Kong Ltd grew its holdings in shares of Venture Global by 304.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 149,214 shares of the company’s stock worth $2,352,000 after purchasing an additional 112,318 shares during the period. Bleakley Financial Group LLC purchased a new stake in shares of Venture Global during the 1st quarter worth about $2,235,000. Clough Capital Partners L P acquired a new stake in Venture Global during the 1st quarter worth approximately $7,961,000. Finally, Catalyst Capital Advisors LLC increased its position in Venture Global by 53.1% during the 4th quarter. Catalyst Capital Advisors LLC now owns 2,871,398 shares of the company’s stock worth $19,583,000 after purchasing an additional 995,725 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have weighed in on VG shares. Zacks Research raised shares of Venture Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 10th. Scotiabank increased their price objective on shares of Venture Global from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 10th. Weiss Ratings downgraded shares of Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. upgraded shares of Venture Global from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $16.00 to $17.00 in a report on Thursday, June 4th. Finally, Wells Fargo & Company upped their price target on shares of Venture Global from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.13.

Insiders Place Their Bets

In related news, Director Sari Granat sold 200,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $13.49, for a total transaction of $2,698,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Fory Musser sold 447,534 shares of Venture Global stock in a transaction on Friday, August 14th. The stock was sold at an average price of $14.02, for a total transaction of $6,274,426.68. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,382,442 shares of company stock valued at $33,642,249. Corporate insiders own 84.24% of the company’s stock.

Venture Global Stock Performance

Shares of NYSE:VG opened at $14.07 on Friday. The business’s 50-day simple moving average is $14.04 and its 200 day simple moving average is $13.28. The company has a market cap of $35.18 billion, a P/E ratio of 11.08, a PEG ratio of 0.57 and a beta of 0.26. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.11 and a current ratio of 1.19. Venture Global, Inc. has a one year low of $5.72 and a one year high of $17.62.

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, topping analysts’ consensus estimates of $0.50 by $0.01. Venture Global had a return on equity of 34.08% and a net margin of 21.24%.The firm had revenue of $4.58 billion during the quarter. On average, sell-side analysts forecast that Venture Global, Inc. will post 1.69 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.1%. This is a boost from Venture Global’s previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, September 15th. Venture Global’s payout ratio is currently 12.60%.

Venture Global Company Profile

Venture Global, Inc is a liquefied natural gas (LNG) company that develops, constructs and operates LNG export facilities in the United States. The company sources natural gas from domestic markets, liquefies it at its coastal facilities and supplies LNG to customers in international markets.

Venture Global’s operating and development portfolio is concentrated along the U.S. Gulf Coast. Its Calcasieu Pass LNG facility in Louisiana has entered commercial operations, while its Plaquemines LNG project in Louisiana is being developed and brought into service.