Fort Washington Investment Advisors Inc. OH lifted its position in Vectren Corporation (NYSE:VVC) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,315 shares of the utilities provider’s stock after buying an additional 15 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Vectren Corporation were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. boosted its stake in shares of Vectren Corporation by 0.6% in the 2nd quarter. Eqis Capital Management Inc. now owns 3,921 shares of the utilities provider’s stock worth $229,000 after buying an additional 25 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Vectren Corporation by 0.8% in the 1st quarter. World Asset Management Inc now owns 5,686 shares of the utilities provider’s stock worth $333,000 after buying an additional 46 shares during the last quarter. Oakbrook Investments LLC boosted its stake in shares of Vectren Corporation by 2.0% in the 2nd quarter. Oakbrook Investments LLC now owns 3,540 shares of the utilities provider’s stock worth $207,000 after buying an additional 70 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Vectren Corporation by 3.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,371 shares of the utilities provider’s stock worth $139,000 after buying an additional 75 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Vectren Corporation by 2.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,518 shares of the utilities provider’s stock worth $206,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 63.11% of the company’s stock.

Vectren Corporation (NYSE VVC) opened at 66.35 on Tuesday. The stock has a market capitalization of $5.51 billion, a P/E ratio of 24.58 and a beta of 0.81. Vectren Corporation has a 1-year low of $46.52 and a 1-year high of $68.30. The stock has a 50 day moving average price of $63.84 and a 200-day moving average price of $60.38.

Vectren Corporation (NYSE:VVC) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $630.70 million for the quarter, compared to the consensus estimate of $565.12 million. During the same period in the prior year, the firm earned $0.39 EPS. The firm’s revenue was up 18.2% on a year-over-year basis. Equities research analysts expect that Vectren Corporation will post $2.62 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Friday, August 11th. Vectren Corporation’s payout ratio is 62.22%.

VVC has been the topic of a number of research reports. BidaskClub upgraded Vectren Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Vectren Corporation from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $65.50.

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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).

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

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