Dalton Greiner Hartman Maher & Co. grew its position in shares of Vectren Corp (NYSE:VVC) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 307,877 shares of the utilities provider’s stock after purchasing an additional 10,015 shares during the period. Dalton Greiner Hartman Maher & Co. owned approximately 0.37% of Vectren worth $20,018,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VVC. Aurora Investment Counsel bought a new stake in shares of Vectren during the fourth quarter valued at approximately $1,136,000. Davidson Kempner Capital Management LP bought a new position in Vectren in the third quarter worth approximately $6,807,000. Great West Life Assurance Co. Can raised its stake in Vectren by 3.4% in the third quarter. Great West Life Assurance Co. Can now owns 50,954 shares of the utilities provider’s stock worth $3,360,000 after buying an additional 1,672 shares in the last quarter. Balyasny Asset Management LLC raised its stake in Vectren by 132.3% in the second quarter. Balyasny Asset Management LLC now owns 12,774 shares of the utilities provider’s stock worth $747,000 after buying an additional 7,274 shares in the last quarter. Finally, Eaton Vance Management raised its stake in Vectren by 42.3% in the second quarter. Eaton Vance Management now owns 11,271 shares of the utilities provider’s stock worth $659,000 after buying an additional 3,351 shares in the last quarter. Institutional investors own 64.08% of the company’s stock.
Vectren Corp (NYSE:VVC) opened at $60.30 on Friday. The firm has a market cap of $5,000.00, a PE ratio of 22.25, a price-to-earnings-growth ratio of 3.56 and a beta of 0.83. Vectren Corp has a 1 year low of $53.65 and a 1 year high of $69.86. 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 (NYSE:VVC) last issued its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. Vectren had a net margin of 8.49% and a return on equity of 12.51%. The business had revenue of $691.20 million during the quarter, compared to the consensus estimate of $615.00 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. sell-side analysts expect that Vectren Corp will post 2.62 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.99%. Vectren’s dividend payout ratio (DPR) is presently 66.42%.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Vectren from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Guggenheim lowered shares of Vectren from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. ValuEngine lowered shares of Vectren from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Citigroup boosted their price objective on shares of Vectren from $66.00 to $75.00 and gave the company a “buy” rating in a report on Monday, November 20th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $70.00.
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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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