Macquarie Group Ltd. lifted its position in shares of Vectren (NYSE:VVC) by 7.8% in the 4th quarter, HoldingsChannel reports. The fund owned 21,900 shares of the utilities provider’s stock after buying an additional 1,589 shares during the quarter. Macquarie Group Ltd.’s holdings in Vectren were worth $138,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in VVC. Assetmark Inc. increased its position in shares of Vectren by 12,841.2% during the fourth quarter. Assetmark Inc. now owns 2,200 shares of the utilities provider’s stock valued at $143,000 after acquiring an additional 2,183 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Vectren during the fourth quarter valued at approximately $163,000. Telemus Capital LLC bought a new stake in shares of Vectren during the fourth quarter valued at approximately $175,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Vectren during the fourth quarter valued at approximately $208,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Vectren during the third quarter valued at approximately $214,000. 64.12% of the stock is owned by institutional investors.
Shares of VVC stock opened at $64.90 on Wednesday. Vectren has a 12-month low of $57.48 and a 12-month high of $69.86. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market capitalization of $5,332.84, a P/E ratio of 24.96, a P/E/G ratio of 3.53 and a beta of 0.59.
Vectren (NYSE:VVC) last issued its earnings results on Tuesday, February 20th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.02). Vectren had a return on equity of 11.91% and a net margin of 8.13%. The company had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $620.00 million. During the same quarter in the prior year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities analysts predict that Vectren will post 2.87 EPS for the current year.
VVC has been the subject of several analyst reports. Wells Fargo set a $58.00 price target on shares of Vectren and gave the company a “hold” rating in a research report on Tuesday, February 13th. Guggenheim cut shares of Vectren from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Bank of America restated a “neutral” rating on shares of Vectren in a report on Tuesday, February 27th. Finally, Zacks Investment Research cut shares of Vectren from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Vectren currently has an average rating of “Hold” and a consensus price target of $66.75.
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Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company offers natural gas distribution and transportation services, and electric transmission and distribution services; and owns and operates coal-fired, natural gas or oil-fired, and landfill gas electric generating facilities with an installed generating capacity of 1,248 megawatts.
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