Chicago Partners Investment Group LLC Makes New $147,000 Investment in Venture Global, Inc. (NYSE:VG)

Chicago Partners Investment Group LLC acquired a new position in shares of Venture Global, Inc. (NYSE:VG) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,278 shares of the company’s stock, valued at approximately $147,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Center for Financial Planning Inc. bought a new stake in shares of Venture Global in the first quarter valued at about $37,000. ORG Wealth Partners LLC bought a new stake in shares of Venture Global in the first quarter valued at about $60,000. Federated Hermes Inc. bought a new stake in shares of Venture Global in the first quarter valued at about $74,000. Stephens Inc. AR bought a new stake in shares of Venture Global in the first quarter valued at about $114,000. Finally, Defined Wealth Management LLC acquired a new position in Venture Global in the first quarter valued at about $114,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Scotiabank boosted their price target on Venture Global from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 15th. Johnson Rice assumed coverage on Venture Global in a research note on Tuesday, June 17th. They issued a “buy” rating and a $20.00 price target for the company. Wall Street Zen raised Venture Global from a “sell” rating to a “hold” rating in a research note on Saturday, June 28th. Bank of America boosted their price target on Venture Global from $12.00 to $18.50 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Finally, UBS Group downgraded Venture Global from a “buy” rating to a “neutral” rating and boosted their price target for the company from $14.00 to $18.00 in a research note on Thursday, June 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.85.

Venture Global Stock Up 0.6%

Venture Global stock opened at $12.14 on Wednesday. The firm has a 50 day moving average price of $15.73. Venture Global, Inc. has a 1 year low of $6.75 and a 1 year high of $25.50. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67.

Venture Global (NYSE:VG) last announced its earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. On average, sell-side analysts anticipate that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were issued a $0.0165 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $0.07 annualized dividend and a yield of 0.5%.

Venture Global Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.