Vectren Corp. (VVC) Sees Strong Trading Volume
Vectren Corp. (NYSE:VVC) shares saw unusually-high trading volume on Friday . Approximately 1,543,799 shares were traded during mid-day trading, an increase of 245% from the previous session’s volume of 447,011 shares.The stock last traded at $51.73 and had previously closed at $51.50.
VVC has been the topic of several research analyst reports. US Capital Advisors downgraded Vectren Corp. from an “overweight” rating to a “hold” rating in a research report on Thursday, May 19th. Zacks Investment Research downgraded Vectren Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, April 13th. Finally, Citigroup Inc. raised their price target on Vectren Corp. from $44.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday.
The stock has a market cap of $4.28 billion and a price-to-earnings ratio of 22.70. The firm has a 50 day moving average price of $51.75 and a 200-day moving average price of $48.48.
Vectren Corp. (NYSE:VVC) last posted its quarterly earnings data on Monday, May 9th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.69 by $0.11. During the same quarter in the prior year, the company earned $0.69 earnings per share. The company had revenue of $584.80 million for the quarter, compared to analyst estimates of $648.30 million. The company’s quarterly revenue was down 17.2% compared to the same quarter last year. On average, analysts anticipate that Vectren Corp. will post $2.47 EPS for the current year.
A number of large investors have modified their holdings of the company. 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 period. Comerica Bank boosted its stake in shares of Vectren Corp. by 0.9% in the fourth quarter. Comerica Bank now owns 60,415 shares of the company’s stock worth $2,530,000 after buying an additional 561 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 worth $2,372,000 after buying an additional 921 shares during the last quarter. 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 worth $1,229,000 after buying an additional 2,758 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Vectren Corp. by 6.7% in the fourth quarter. California Public Employees Retirement System now owns 228,800 shares of the company’s stock worth $9,706,000 after buying an additional 14,300 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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