Cetera Investment Advisers Makes New $635,000 Investment in Venture Global, Inc. (NYSE:VG)

Cetera Investment Advisers purchased a new position in shares of Venture Global, Inc. (NYSE:VG) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,638 shares of the company’s stock, valued at approximately $635,000.

Other large investors have also recently made changes to their positions in the company. Center for Financial Planning Inc. purchased a new position in shares of Venture Global in the first quarter worth $37,000. ORG Wealth Partners LLC purchased a new position in shares of Venture Global in the first quarter worth $60,000. Stephens Inc. AR purchased a new position in shares of Venture Global in the first quarter worth $114,000. Summit Trail Advisors LLC bought a new stake in Venture Global in the first quarter valued at $114,000. Finally, Defined Wealth Management LLC bought a new stake in Venture Global in the first quarter valued at $114,000.

Venture Global Stock Performance

Shares of VG stock opened at $12.51 on Friday. The company’s fifty day moving average price is $15.65 and its 200-day moving average price is $12.99. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.67 and a current ratio of 1.39. Venture Global, Inc. has a 12 month low of $6.75 and a 12 month high of $25.50.

Venture Global (NYSE:VG) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share (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 analysts’ expectations of $2.83 billion. Venture Global had a return on equity of 22.45% and a net margin of 18.89%. Equities analysts expect that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Dividend Announcement

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

Analyst Ratings Changes

VG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Venture Global from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a report on Monday, July 14th. JPMorgan Chase & Co. lifted their price target on shares of Venture Global from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Scotiabank lifted their price target on shares of Venture Global from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. UBS Group cut shares of Venture Global from a “buy” rating to a “neutral” rating and lifted their price target for the company from $14.00 to $18.00 in a report on Thursday, June 12th. Finally, Johnson Rice initiated coverage on shares of Venture Global in a report on Tuesday, June 17th. They issued a “buy” rating and a $20.00 price target on the stock. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Venture Global Company 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.