Deutsche Bank AG Buys Shares of 3,669,662 Venture Global, Inc. (NYSE:VG)

Deutsche Bank AG purchased a new position in Venture Global, Inc. (NYSE:VG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,669,662 shares of the company’s stock, valued at approximately $37,798,000. Deutsche Bank AG owned about 0.15% of Venture Global at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Capital LLC purchased a new position in shares of Venture Global in the first quarter worth approximately $1,439,000. Defined Wealth Management LLC bought a new position in Venture Global in the first quarter worth approximately $114,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Venture Global during the 1st quarter worth $156,000. Exchange Traded Concepts LLC bought a new stake in shares of Venture Global during the 1st quarter valued at $1,316,000. Finally, Forefront Wealth Management Inc. purchased a new stake in shares of Venture Global in the 1st quarter worth $938,000.

Venture Global Stock Performance

Shares of NYSE:VG opened at $12.14 on Wednesday. The stock’s fifty day moving average is $15.73. Venture Global, Inc. has a fifty-two week low of $6.75 and a fifty-two week 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 quarterly 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 business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. Research analysts expect that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VG. Deutsche Bank Aktiengesellschaft cut Venture Global from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a report on Monday, July 14th. Scotiabank lifted their price objective on Venture Global from $13.00 to $16.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 15th. Royal Bank Of Canada cut their price objective on Venture Global from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. Wall Street Zen raised shares of Venture Global from a “sell” rating to a “hold” rating in a report on Saturday, June 28th. Finally, UBS Group cut shares of Venture Global from a “buy” rating to a “neutral” rating and raised their target price for the stock 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 assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.85.

About Venture Global

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.