Clough Capital Partners L P Acquires Shares of 505,122 Venture Global, Inc. $VG

Clough Capital Partners L P acquired a new stake in shares of Venture Global, Inc. (NYSE:VG) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 505,122 shares of the company’s stock, valued at approximately $7,961,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lombard Odier Asset Management USA Corp acquired a new stake in shares of Venture Global in the 1st quarter worth about $854,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Venture Global during the 1st quarter valued at about $3,956,000. Renaissance Technologies LLC increased its holdings in Venture Global by 104.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,046,840 shares of the company’s stock worth $32,258,000 after purchasing an additional 1,046,300 shares in the last quarter. Gabelli Funds LLC increased its holdings in Venture Global by 16.8% during the 1st quarter. Gabelli Funds LLC now owns 236,000 shares of the company’s stock worth $3,719,000 after purchasing an additional 34,000 shares in the last quarter. Finally, Beaconlight Capital LLC purchased a new stake in shares of Venture Global in the first quarter worth approximately $1,192,000.

Venture Global Price Performance

Shares of NYSE VG opened at $14.32 on Monday. The company has a market capitalization of $35.59 billion, a PE ratio of 15.92, a PEG ratio of 0.58 and a beta of 0.33. 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 stock’s 50 day moving average price is $12.53 and its 200-day moving average price is $11.88. Venture Global, Inc. has a twelve month low of $5.72 and a twelve month high of $17.62.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The company had revenue of $4.60 billion during the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The firm’s revenue for the quarter was up 58.9% compared to the same quarter last year. On average, equities analysts anticipate that Venture Global, Inc. will post 1.46 EPS for the current year.

Venture Global Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, June 15th. Venture Global’s dividend payout ratio is 7.78%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group set a $18.00 target price on Venture Global in a report on Thursday, May 14th. Mizuho upped their price target on Venture Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday. 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. Weiss Ratings cut Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, July 20th. Finally, Royal Bank Of Canada lifted their price objective on shares of Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.06.

Insiders Place Their Bets

In related news, COO Brian Cothran sold 31,910 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $14.33, for a total value of $457,270.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jonathan W. Thayer sold 111,111 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $11.05, for a total transaction of $1,227,776.55. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 4,348,288 shares of company stock valued at $57,091,496. 84.24% of the stock is owned by company insiders.

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.