Vectren Corporation (VVC) Receives Media Impact Rating of 0.13
Media headlines about Vectren Corporation (NYSE:VVC) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Vectren Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.7988087617652 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Vectren : August 11 (8/11) serves as reminder to Vectren Indiana customers to Call Before You Dig (4-traders.com)
- Vectren Corp Set to Possibly Rebound After Yesterday’s Selloff of 2.13% (mysmartrend.com)
- Comparing Piedmont Natural Gas (PNY) and Vectren Corporation (NYSE:VVC) (americanbankingnews.com)
- Vectren Corp. Q2 Profit Climbs 16% (rttnews.com)
- Vectren Seeks Approval For Natural Gas Storage Enhancements (insideindianabusiness.com)
A number of analysts have recently weighed in on the company. Zacks Investment Research raised Vectren Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. BidaskClub lowered Vectren Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Citigroup Inc. increased their price objective on Vectren Corporation from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Vectren Corporation presently has an average rating of “Buy” and a consensus price target of $65.50.
Shares of Vectren Corporation (NYSE VVC) opened at 60.13 on Friday. Vectren Corporation has a 1-year low of $46.52 and a 1-year high of $62.79. The stock’s 50 day moving average price is $59.46 and its 200-day moving average price is $58.53. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 22.28 and a beta of 0.81.
Vectren Corporation (NYSE:VVC) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Vectren Corporation had a return on equity of 12.65% and a net margin of 8.66%. The business had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $565.12 million. During the same period in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities research analysts forecast that Vectren Corporation will post $2.62 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Friday, August 11th. Vectren Corporation’s dividend payout ratio is 62.22%.
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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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