Guggenheim reiterated their hold rating on shares of Vectren (NYSE:VVC) in a research report released on Friday. They currently have a $61.00 price target on the utilities provider’s stock.
Other research analysts have also issued research reports about the company. Wells Fargo & Co set a $58.00 target price on Vectren and gave the company a hold rating in a report on Tuesday, February 13th. ValuEngine lowered Vectren from a buy rating to a hold rating in a report on Friday, December 1st. Finally, Citigroup boosted their target price on Vectren from $66.00 to $75.00 and gave the company a buy rating in a report on Monday, November 20th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Vectren has a consensus rating of Hold and a consensus target price of $64.75.
Shares of Vectren (NYSE:VVC) traded up $1.39 during midday trading on Friday, reaching $63.07. The company’s stock had a trading volume of 525,040 shares, compared to its average volume of 647,198. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.55 and a current ratio of 0.72. Vectren has a one year low of $55.06 and a one year high of $69.86. The stock has a market capitalization of $5,121.92, a PE ratio of 24.16, a P/E/G ratio of 3.59 and a beta of 0.69.
Vectren (NYSE:VVC) last issued its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.02). The firm had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $620.00 million. Vectren had a net margin of 2.24% and a return on equity of 3.47%. Vectren’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. equities analysts predict that Vectren will post 2.86 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, February 14th. Vectren’s payout ratio is currently 68.97%.
Large investors have recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of Vectren by 12,841.2% in the fourth quarter. Assetmark Inc. now owns 2,200 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 2,183 shares during the period. SeaCrest Wealth Management LLC acquired a new position in shares of Vectren in the fourth quarter valued at approximately $163,000. Telemus Capital LLC acquired a new position in shares of Vectren in the fourth quarter valued at approximately $175,000. Boothbay Fund Management LLC acquired a new position in Vectren during the third quarter worth $203,000. Finally, Bbva Compass Bancshares Inc. acquired a new position in Vectren during the third quarter worth $206,000. 63.71% of the stock is currently owned by institutional investors and hedge funds.
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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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