Comerica Bank trimmed its holdings in Vectren Corporation (NYSE:VVC) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,810 shares of the utilities provider’s stock after selling 8,747 shares during the period. Comerica Bank owned approximately 0.14% of Vectren Corporation worth $8,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. grew its stake in 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 valued at $139,000 after buying an additional 75 shares in the last quarter. Global X Management Co. LLC grew its stake in Vectren Corporation by 220.7% in the 2nd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Vectren Corporation by 12.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,993 shares of the utilities provider’s stock valued at $175,000 after buying an additional 331 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Vectren Corporation by 2.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,518 shares of the utilities provider’s stock valued at $206,000 after buying an additional 84 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. purchased a new position in Vectren Corporation in the 3rd quarter valued at approximately $206,000. Institutional investors and hedge funds own 62.60% of the company’s stock.

Vectren Corporation (VVC) opened at $66.59 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.70 and a debt-to-equity ratio of 0.90. Vectren Corporation has a fifty-two week low of $47.44 and a fifty-two week high of $68.84. The company has a market cap of $5,527.10, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 4.49 and a beta of 0.84.

Vectren Corporation (NYSE:VVC) last announced its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. Vectren Corporation had a net margin of 8.49% and a return on equity of 12.51%. The firm had revenue of $691.20 million during the quarter, compared to the consensus estimate of $615.00 million. During the same period last year, the firm earned $0.74 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. equities research analysts anticipate that Vectren Corporation will post 2.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.70%. This is an increase from Vectren Corporation’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 14th. Vectren Corporation’s dividend payout ratio (DPR) is presently 66.42%.

In other news, Director Derrick Burks purchased 1,000 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was purchased at an average cost of $65.60 per share, with a total value of $65,600.00. Following the acquisition, the director now directly owns 1,000 shares in the company, valued at $65,600. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Vectren Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub upgraded shares of Vectren Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Vectren Corporation has a consensus rating of “Buy” and an average target price of $65.50.

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Vectren Corporation Profile

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

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