Baker Ellis Asset Management LLC reduced its position in shares of Vectren Corporation (NYSE:VVC) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,133 shares of the utilities provider’s stock after selling 700 shares during the period. Baker Ellis Asset Management LLC’s holdings in Vectren Corporation were worth $1,177,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Vectren Corporation by 4,556.1% in the first quarter. BlackRock Inc. now owns 7,579,951 shares of the utilities provider’s stock valued at $444,258,000 after buying an additional 7,417,154 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Vectren Corporation by 119.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,190,162 shares of the utilities provider’s stock valued at $69,755,000 after buying an additional 647,315 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Vectren Corporation by 3.9% in the first quarter. Vanguard Group Inc. now owns 7,370,537 shares of the utilities provider’s stock valued at $431,988,000 after buying an additional 276,427 shares during the last quarter. First Quadrant L P CA increased its stake in shares of Vectren Corporation by 86.0% in the first quarter. First Quadrant L P CA now owns 526,223 shares of the utilities provider’s stock valued at $30,842,000 after buying an additional 243,297 shares during the last quarter. Finally, James Investment Research Inc. increased its stake in shares of Vectren Corporation by 362.9% in the second quarter. James Investment Research Inc. now owns 185,455 shares of the utilities provider’s stock valued at $10,838,000 after buying an additional 145,393 shares during the last quarter. 64.57% of the stock is owned by institutional investors.

Shares of Vectren Corporation (VVC) opened at 60.50 on Monday. The company has a market cap of $5.02 billion, a P/E ratio of 22.92 and a beta of 0.81. Vectren Corporation has a one year low of $46.52 and a one year high of $62.79. The company’s 50 day moving average is $59.53 and its 200 day moving average is $58.25.

Vectren Corporation (NYSE:VVC) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The company had revenue of $630.70 million during the quarter, compared to analyst estimates of $565.12 million. Vectren Corporation had a net margin of 8.66% and a return on equity of 12.65%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. On average, equities analysts predict that Vectren Corporation will post $2.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, August 11th. This represents a $1.68 annualized dividend and a yield of 2.78%. Vectren Corporation’s payout ratio is currently 62.22%.

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Several brokerages recently commented on VVC. BidaskClub raised shares of Vectren Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Citigroup Inc. lifted their target price on shares of Vectren Corporation from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Finally, Zacks Investment Research raised shares of Vectren Corporation from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Thursday, July 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Vectren Corporation has a consensus rating of “Buy” and an average target price of $65.50.

About Vectren Corporation

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).

Institutional Ownership by Quarter for Vectren Corporation (NYSE:VVC)

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