Vectren (VVC) Sees Unusually-High Trading Volume

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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About Vectren

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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