Dalton Greiner Hartman Maher & Co. boosted its stake in Vectren Corp (NYSE:VVC) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 307,877 shares of the utilities provider’s stock after acquiring an additional 10,015 shares during the period. Dalton Greiner Hartman Maher & Co. owned 0.37% of Vectren worth $20,018,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Vectren by 12.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,993 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 331 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Vectren during the 3rd quarter worth approximately $203,000. Bbva Compass Bancshares Inc. purchased a new stake in shares of Vectren during the 3rd quarter worth approximately $206,000. Klingenstein Fields & Co. LLC purchased a new stake in shares of Vectren during the 3rd quarter worth approximately $207,000. Finally, Cetera Advisor Networks LLC purchased a new stake in shares of Vectren during the 3rd quarter worth approximately $212,000. Hedge funds and other institutional investors own 63.99% of the company’s stock.
VVC has been the topic of several research analyst reports. Zacks Investment Research raised Vectren from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Citigroup lifted their price objective on Vectren from $66.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. ValuEngine downgraded Vectren from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Guggenheim downgraded Vectren from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $70.00.
Shares of Vectren Corp (NYSE VVC) traded down $0.43 on Wednesday, reaching $60.49. The company’s stock had a trading volume of 347,600 shares, compared to its average volume of 372,500. The firm has a market cap of $5,070.00, a P/E ratio of 22.32, a PEG ratio of 3.61 and a beta of 0.83. 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 Corp has a 52 week low of $53.65 and a 52 week high of $69.86.
Vectren (NYSE:VVC) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $691.20 million during the quarter, compared to the consensus estimate of $615.00 million. Vectren had a return on equity of 12.51% and a net margin of 8.49%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. research analysts anticipate that Vectren Corp will post 2.62 earnings per share for the current year.
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Vectren 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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