Vectren (NYSE:VVC) saw unusually-strong trading volume on Tuesday . Approximately 1,890,574 shares changed hands during mid-day trading, an increase of 207% from the previous session’s volume of 616,206 shares.The stock last traded at $69.93 and had previously closed at $70.31.
A number of equities research analysts have issued reports on VVC shares. Bank of America reiterated a “neutral” rating on shares of Vectren in a research note on Tuesday, February 27th. Zacks Investment Research upgraded Vectren from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Saturday, April 7th. Guggenheim restated a “hold” rating and set a $61.00 price objective on shares of Vectren in a research report on Friday, February 23rd. Finally, Wells Fargo set a $58.00 price objective on Vectren and gave the company a “hold” rating in a research report on Tuesday, February 13th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $66.75.
The stock has a market cap of $5,443.29, a price-to-earnings ratio of 26.96, a PEG ratio of 3.62 and a beta of 0.59. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.72 and a quick ratio of 0.59.
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 for the quarter, compared to analysts’ expectations of $620.00 million. Vectren had a net margin of 8.13% and a return on equity of 11.91%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. analysts forecast that Vectren will post 2.86 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in VVC. Wells Fargo & Company MN lifted its holdings in shares of Vectren by 99.8% in the 3rd quarter. Wells Fargo & Company MN now owns 126,252 shares of the utilities provider’s stock valued at $8,303,000 after acquiring an additional 63,054 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vectren by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 414,029 shares of the utilities provider’s stock valued at $27,231,000 after acquiring an additional 4,094 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Vectren by 4.2% in the 3rd quarter. Janus Henderson Group PLC now owns 160,410 shares of the utilities provider’s stock valued at $10,550,000 after acquiring an additional 6,400 shares during the last quarter. Aurora Investment Counsel bought a new position in shares of Vectren in the 4th quarter valued at about $1,136,000. Finally, Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of Vectren by 3.4% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 307,877 shares of the utilities provider’s stock valued at $20,018,000 after acquiring an additional 10,015 shares during the last quarter. 63.96% of the stock is owned by hedge funds and other institutional investors.
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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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