News coverage about Vectren Corporation (NYSE:VVC) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vectren Corporation earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 47.7163776265393 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research firms have issued reports on VVC. Zacks Investment Research raised Vectren Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub upgraded Vectren Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.50.
Vectren Corporation (NYSE:VVC) traded down $0.30 on Friday, hitting $66.46. 542,000 shares of the stock traded hands, compared to its average volume of 389,209. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.70 and a quick ratio of 0.55. Vectren Corporation has a 1 year low of $47.01 and a 1 year high of $68.84. The stock has a market capitalization of $5,490.00, a PE ratio of 24.64, a price-to-earnings-growth ratio of 4.50 and a beta of 0.84.
Vectren Corporation (NYSE:VVC) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. Vectren Corporation had a net margin of 8.49% and a return on equity of 12.51%. The firm had revenue of $691.20 million during the quarter, compared to analyst estimates of $615.00 million. During the same quarter in the prior year, the business earned $0.74 earnings per share. Vectren Corporation’s revenue for the quarter was up 9.5% on a year-over-year basis. equities analysts predict that Vectren Corporation will post 2.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.71%. The ex-dividend date is Tuesday, November 14th. This is an increase from Vectren Corporation’s previous quarterly dividend of $0.42. Vectren Corporation’s dividend payout ratio (DPR) is currently 61.99%.
In related news, Director Derrick Burks purchased 1,000 shares of Vectren Corporation stock in a transaction that occurred on Thursday, September 28th. The shares were bought at an average price of $65.60 per share, with a total value of $65,600.00. Following the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $65,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.
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Vectren Corporation Company Profile
Vectren Corporation (Vectren) is an energy holding company. The Company segregates its operations into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. The Company’s subsidiary, Vectren Utility Holdings, Inc (Utility Holdings or VUHI), serves as the intermediate holding company for three public utilities: Indiana Gas Company, Inc (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio, Inc (VEDO).
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