First National Bank Sioux Falls continued to hold its position in shares of Vectren Corp. (NYSE:VVC) during the second quarter, Holdings Channel reports. The firm owned 5,478 shares of the company’s stock at the end of the second quarter. Vectren Corp. accounts for about 0.9% of First National Bank Sioux Falls’ portfolio, making the stock its 23rd largest position. First National Bank Sioux Falls’ holdings in Vectren Corp. were worth $287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. raised its position in shares of Vectren Corp. by 0.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 19,502 shares of the company’s stock valued at $1,027,000 after buying an additional 153 shares during the period. Chesley Taft & Associates LLC raised its position in shares of Vectren Corp. by 0.8% in the first quarter. Chesley Taft & Associates LLC now owns 25,725 shares of the company’s stock valued at $1,301,000 after buying an additional 200 shares during the period. Arizona State Retirement System raised its position in shares of Vectren Corp. by 0.5% in the first quarter. Arizona State Retirement System now owns 39,357 shares of the company’s stock valued at $1,990,000 after buying an additional 200 shares during the period. Aston Asset Management LLC raised its position in shares of Vectren Corp. by 0.8% in the first quarter. Aston Asset Management LLC now owns 32,877 shares of the company’s stock valued at $1,662,000 after buying an additional 252 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Vectren Corp. by 11.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,868 shares of the company’s stock valued at $195,000 after buying an additional 393 shares during the period. Institutional investors and hedge funds own 63.26% of the company’s stock.

Shares of Vectren Corp. (NYSE:VVC) traded up 0.22% during mid-day trading on Tuesday, hitting $50.17. The company had a trading volume of 219,608 shares. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 22.44 and a beta of 0.57. The firm has a 50-day moving average price of $49.87 and a 200 day moving average price of $50.19. Vectren Corp. has a 52-week low of $39.43 and a 52-week high of $53.33.

Vectren Corp. (NYSE:VVC) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.04. The company earned $533.70 million during the quarter, compared to analysts’ expectations of $585.40 million. Vectren Corp. had a net margin of 8.06% and a return on equity of 10.99%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. Analysts expect that Vectren Corp. will post $2.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Thursday, August 11th. Vectren Corp.’s dividend payout ratio is presently 71.43%.

Several brokerages have issued reports on VVC. Zacks Investment Research upgraded Vectren Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup Inc. boosted their target price on Vectren Corp. from $44.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th.

Vectren Corp. Company Profile

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).

5 Day Chart for NYSE:VVC

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