Exane Asset Management grew its holdings in shares of Vectren Corp (NYSE:VVC) by 159.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 93,587 shares of the utilities provider’s stock after purchasing an additional 57,524 shares during the period. Vectren comprises approximately 4.0% of Exane Asset Management’s holdings, making the stock its 9th largest holding. Exane Asset Management’s holdings in Vectren were worth $6,736,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Sound Income Strategies LLC lifted its position in Vectren by 50,000.0% during the 4th quarter. Sound Income Strategies LLC now owns 501 shares of the utilities provider’s stock worth $36,000 after buying an additional 500 shares in the last quarter. Virtus ETF Advisers LLC bought a new stake in Vectren during the 3rd quarter worth about $140,000. First Hawaiian Bank bought a new stake in Vectren during the 3rd quarter worth about $173,000. Jane Street Group LLC bought a new stake in Vectren during the 3rd quarter worth about $238,000. Finally, Cerebellum GP LLC lifted its position in Vectren by 36.3% during the 4th quarter. Cerebellum GP LLC now owns 3,541 shares of the utilities provider’s stock worth $255,000 after buying an additional 944 shares in the last quarter. 52.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of VVC stock opened at $72.38 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.55 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $7.32 billion, a PE ratio of 27.84, a PEG ratio of 3.95 and a beta of 0.33. Vectren Corp has a 52-week low of $58.00 and a 52-week high of $72.40.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 14th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, February 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.65%. Vectren’s payout ratio is 73.85%.
Separately, Zacks Investment Research raised shares of Vectren from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $66.00.
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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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