Vectren Corp. (NYSE:VVC)’s share price hit a new 52-week high on Wednesday . The company traded as high as $53.15 and last traded at $53.09, with a volume of 180,844 shares. The stock had previously closed at $52.88.

A number of brokerages recently weighed in on VVC. Zacks Investment Research raised Vectren Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, June 16th. US Capital Advisors cut Vectren Corp. from an “overweight” rating to a “hold” rating in a research note on Thursday, May 19th.

The firm’s 50-day moving average is $50.82 and its 200-day moving average is $47.50. The firm has a market cap of $4.29 billion and a P/E ratio of 22.74.

Vectren Corp. (NYSE:VVC) last announced its earnings results on Monday, May 9th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.69 by $0.11. The firm earned $584.80 million during the quarter, compared to the consensus estimate of $648.30 million. During the same quarter in the previous year, the firm earned $0.69 EPS. The business’s revenue was down 17.2% on a year-over-year basis. Equities analysts forecast that Vectren Corp. will post $2.47 earnings per share for the current year.

Other hedge funds have made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of Vectren Corp. by 10.5% in the fourth quarter. Advisors Asset Management Inc. now owns 28,980 shares of the company’s stock valued at $1,229,000 after buying an additional 2,758 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Vectren Corp. by 495.4% in the fourth quarter. Bank of Montreal Can now owns 41,652 shares of the company’s stock valued at $1,766,000 after buying an additional 34,656 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Vectren Corp. by 43.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 71,277 shares of the company’s stock valued at $3,024,000 after buying an additional 21,532 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Vectren Corp. by 1.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 55,907 shares of the company’s stock valued at $2,372,000 after buying an additional 921 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Vectren Corp. by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,978 shares of the company’s stock valued at $1,017,000 after buying an additional 114 shares during the last quarter.

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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