Venture Global (NYSE:VG) Shares Up 6% After Dividend Announcement

Venture Global, Inc. (NYSE:VG - Get Free Report) was up 6% during mid-day trading on Friday after the company announced a dividend. The company traded as high as $14.78 and last traded at $14.76. Approximately 1,216,911 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 7,644,759 shares. The stock had previously closed at $13.92.

The newly announced dividend which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.0165 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.46%.

Analysts Set New Price Targets

A number of research firms have commented on VG. Wells Fargo & Company initiated coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set an "equal weight" rating and a $18.00 price objective for the company. Scotiabank started coverage on shares of Venture Global in a report on Tuesday, February 18th. They set a "sector perform" rating and a $17.00 target price for the company. Bank of America started coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued a "buy" rating and a $23.00 price target on the stock. Royal Bank of Canada began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set an "outperform" rating and a $20.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on Venture Global in a research report on Tuesday, February 18th. They issued an "overweight" rating and a $25.00 target price on the stock. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.91.

Venture Global Stock Performance

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.