Vectren Corp. (VVC) Stock Price Down 2.6%
Vectren Corp. (NYSE:VVC) was down 2.6% on Friday . The company traded as low as $48.77 and last traded at $48.80, with a volume of 276,266 shares trading hands. The stock had previously closed at $50.12.
A number of equities research analysts have weighed in on VVC shares. US Capital Advisors cut shares of Vectren Corp. from an “overweight” rating to a “hold” rating in a research report on Thursday, May 19th. Zacks Investment Research upgraded shares of Vectren Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Finally, Citigroup Inc. lifted their price target on shares of Vectren Corp. from $44.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th.
The firm’s 50-day moving average price is $51.05 and its 200 day moving average price is $49.69. The firm has a market capitalization of $4.04 billion and a PE ratio of 21.82.
Vectren Corp. (NYSE:VVC) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.04. During the same quarter last year, the firm posted $0.43 earnings per share. The company had revenue of $533.70 million for the quarter, compared to analysts’ expectations of $585.40 million. The company’s revenue was down 3.1% compared to the same quarter last year. On average, equities analysts expect that Vectren Corp. will post $2.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.28%.
An institutional investor recently raised its position in Vectren Corp. stock. Advisors Asset Management Inc. raised its position in shares of Vectren Corp. (NYSE:VVC) by 10.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 28,980 shares of the company’s stock after buying an additional 2,758 shares during the period. Advisors Asset Management Inc.’s holdings in Vectren Corp. were worth $1,229,000 at the end of the most recent 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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