Vectren Corp. (NYSE:VVC) shares dropped 2.5% during mid-day trading on Thursday . The company traded as low as $51.73 and last traded at $51.82, with a volume of 484,220 shares trading hands. The stock had previously closed at $53.15.

VVC has been the topic of a number of recent analyst reports. Zacks Investment Research cut Vectren Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. US Capital Advisors cut Vectren Corp. from an “overweight” rating to a “hold” rating in a research report on Thursday, May 19th.

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

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

Several hedge funds and institutional investors have recently modified their holdings of VVC. Russell Frank Co boosted its position in shares of Vectren Corp. by 104.4% in the fourth quarter. Russell Frank Co now owns 85,419 shares of the company’s stock worth $3,712,000 after buying an additional 43,626 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Vectren Corp. by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 106,270 shares of the company’s stock worth $4,508,000 after buying an additional 1,436 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Vectren Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 158,026 shares of the company’s stock worth $6,703,000 after buying an additional 2,499 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Vectren Corp. by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,780 shares of the company’s stock worth $1,433,000 after buying an additional 100 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Vectren Corp. by 0.8% in the fourth quarter. Rhumbline Advisers now owns 128,691 shares of the company’s stock worth $5,459,000 after buying an additional 1,056 shares in 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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