Vectren Corporation (VVC) Given Average Rating of “” by Brokerages
Shares of Vectren Corporation (NYSE:VVC) have earned a consensus broker rating score of 2.86 (Hold) from the seven brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating on the company.
Brokerages have set a 12 month consensus target price of $56.33 for the company and are expecting that the company will post $0.70 EPS for the current quarter, according to Zacks. Zacks has also given Vectren Corporation an industry rank of 66 out of 265 based on the ratings given to its competitors.
A number of equities analysts have commented on the stock. BidaskClub raised shares of Vectren Corporation from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Vectren Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Citigroup Inc. lifted their price objective on shares of Vectren Corporation from $58.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th.
Several large investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of Vectren Corporation by 20.0% in the first quarter. Sei Investments Co. now owns 1,973 shares of the utilities provider’s stock valued at $115,000 after buying an additional 329 shares during the period. Global X Management Co. LLC boosted its stake in shares of Vectren Corporation by 220.7% in the second quarter. Global X Management Co. LLC now owns 2,630 shares of the utilities provider’s stock valued at $154,000 after buying an additional 1,810 shares during the period. Birch Hill Investment Advisors LLC bought a new stake in shares of Vectren Corporation during the first quarter valued at about $200,000. Stratos Wealth Partners LTD. bought a new stake in shares of Vectren Corporation during the first quarter valued at about $201,000. Finally, GW Henssler & Associates Ltd. bought a new stake in shares of Vectren Corporation during the first quarter valued at about $202,000. Hedge funds and other institutional investors own 64.57% of the company’s stock.
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Vectren Corporation (NYSE VVC) traded up 0.50% during mid-day trading on Friday, reaching $60.80. 108,748 shares of the company’s stock traded hands. Vectren Corporation has a 12-month low of $46.52 and a 12-month high of $62.79. The stock has a market capitalization of $5.04 billion, a PE ratio of 23.03 and a beta of 0.81. The stock has a 50-day moving average price of $59.53 and a 200-day moving average price of $58.25.
Vectren Corporation (NYSE:VVC) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Vectren Corporation had a net margin of 8.66% and a return on equity of 12.65%. The business had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $565.12 million. During the same period last year, the company posted $0.39 EPS. The business’s revenue was up 18.2% on a year-over-year basis. Equities research analysts expect that Vectren Corporation will post $2.63 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.68 annualized dividend and a dividend yield of 2.78%. Vectren Corporation’s dividend payout ratio (DPR) is presently 62.22%.
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).
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