Shares of Vectren Corp (NYSE:VVC) have been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $64.67.
A number of analysts have recently issued reports on VVC shares. Bank of America reissued a “neutral” rating on shares of Vectren in a research report on Tuesday, February 27th. Citigroup increased their price target on shares of Vectren from $66.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Guggenheim reissued a “hold” rating and issued a $61.00 price target on shares of Vectren in a research report on Friday, February 23rd. ValuEngine lowered shares of Vectren from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Wells Fargo & Co set a $58.00 price objective on Vectren and gave the stock a “hold” rating in a report on Tuesday, February 13th.
Large investors have recently added to or reduced their stakes in the stock. Aurora Investment Counsel acquired a new position in Vectren in the fourth quarter worth approximately $1,136,000. Victory Capital Management Inc. grew its holdings in Vectren by 12.7% during the fourth quarter. Victory Capital Management Inc. now owns 40,495 shares of the utilities provider’s stock valued at $2,633,000 after purchasing an additional 4,552 shares during the last quarter. Dalton Greiner Hartman Maher & Co. grew its holdings in Vectren by 3.4% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 307,877 shares of the utilities provider’s stock valued at $20,018,000 after purchasing an additional 10,015 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new position in Vectren during the third quarter valued at approximately $6,807,000. Finally, Janus Henderson Group PLC grew its holdings in Vectren by 4.2% during the third quarter. Janus Henderson Group PLC now owns 160,410 shares of the utilities provider’s stock valued at $10,550,000 after purchasing an additional 6,400 shares during the last quarter. Hedge funds and other institutional investors own 63.98% of the company’s stock.
Vectren (VVC) traded up $0.63 during midday trading on Friday, hitting $64.03. 476,505 shares of the stock were exchanged, compared to its average volume of 510,315. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $5,227.38, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 3.46 and a beta of 0.67. Vectren has a 1-year low of $56.85 and a 1-year high of $69.86.
Vectren (NYSE:VVC) last posted its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The company had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $620.00 million. Vectren had a return on equity of 11.91% and a net margin of 8.13%. Vectren’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. equities research analysts predict that Vectren will post 2.87 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.80 dividend on an annualized basis and a yield of 2.81%. Vectren’s dividend payout ratio is currently 68.97%.
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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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