Raymond James Financial Services Advisors Inc. increased its holdings in shares of Vectren Corporation (NYSE:VVC) by 3.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,636 shares of the utilities provider’s stock after purchasing an additional 1,650 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.06% of Vectren Corporation worth $3,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. BlackRock Inc. increased its position in Vectren Corporation by 4,556.1% during the first quarter. BlackRock Inc. now owns 7,579,951 shares of the utilities provider’s stock valued at $444,258,000 after acquiring an additional 7,417,154 shares during the last quarter. State Street Corp increased its position in Vectren Corporation by 14.6% during the second quarter. State Street Corp now owns 5,808,728 shares of the utilities provider’s stock valued at $339,461,000 after acquiring an additional 740,825 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Vectren Corporation by 119.2% during 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 acquiring an additional 647,315 shares during the last quarter. Principal Financial Group Inc. increased its position in Vectren Corporation by 86.4% during the second quarter. Principal Financial Group Inc. now owns 1,320,557 shares of the utilities provider’s stock valued at $77,173,000 after acquiring an additional 612,201 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Vectren Corporation by 1,761.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 348,171 shares of the utilities provider’s stock valued at $20,347,000 after acquiring an additional 329,471 shares during the last quarter. 63.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Vectren Corporation (NYSE VVC) opened at 66.78 on Tuesday. The stock has a market cap of $5.54 billion, a PE ratio of 24.74 and a beta of 0.81. Vectren Corporation has a 52-week low of $46.52 and a 52-week high of $68.30. The company’s 50-day moving average price is $66.23 and its 200-day moving average price is $61.61.

Vectren Corporation (NYSE:VVC) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.45 EPS for the quarter, topping the Zacks’ 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 company had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $565.12 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts forecast that Vectren Corporation will post $2.63 earnings per share for the current fiscal year.

VVC has been the subject of a number of research reports. BidaskClub upgraded Vectren Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded Vectren Corporation from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research 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 company’s stock. The company presently has an average rating of “Buy” and an average target price of $65.50.

In other news, Director Derrick Burks purchased 1,000 shares of the stock in a transaction on Thursday, September 28th. The stock was bought at an average price of $65.60 per share, with a total value of $65,600.00. Following the transaction, the director now owns 1,000 shares in the company, valued at approximately $65,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

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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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