Vectren (NYSE:VVC) announced its earnings results on Tuesday. The utilities provider reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.02), RTT News reports. Vectren had a return on equity of 12.51% and a net margin of 8.49%. The business had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $620.00 million. During the same quarter last year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Vectren updated its FY18 guidance to $2.80-2.90 EPS.
Shares of Vectren (VVC) traded down $0.40 on Tuesday, reaching $62.57. The company’s stock had a trading volume of 434,139 shares, compared to its average volume of 526,986. Vectren has a 12 month low of $54.08 and a 12 month high of $69.86. The company has a current ratio of 0.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.90. The firm has a market cap of $5,226.66, a PE ratio of 23.15, a P/E/G ratio of 3.68 and a beta of 0.69.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.80 dividend on an annualized basis and a yield of 2.88%. Vectren’s dividend payout ratio is currently 66.42%.
Several research analysts recently weighed in on the company. Guggenheim downgraded Vectren from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. ValuEngine cut Vectren from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Wells Fargo & Co set a $58.00 price target on Vectren and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Finally, Citigroup lifted their price target on Vectren from $66.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.00.
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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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