Vectren (VVC) Trading -0.5% Higher
Vectren Corp (NYSE:VVC) traded up 0.5% during trading on Wednesday . The stock traded as high as $62.20 and last traded at $61.51. 417,294 shares were traded during mid-day trading, a decline of 13% from the average session volume of 477,308 shares. The stock had previously closed at $61.79.
Several equities research analysts have commented on the stock. ValuEngine lowered shares of Vectren from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Vectren from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Citigroup increased their price objective on shares of Vectren from $66.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Finally, Guggenheim lowered shares of Vectren from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Vectren presently has an average rating of “Hold” and a consensus target price of $70.00.
The company has a current ratio of 0.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.90. The firm has a market cap of $5,090.00, a P/E ratio of 22.63, a P/E/G ratio of 3.46 and a beta of 0.69.
A number of large investors have recently bought and sold shares of the business. FMR LLC increased its stake in shares of Vectren by 6.0% during the 2nd quarter. FMR LLC now owns 138,906 shares of the utilities provider’s stock worth $8,117,000 after purchasing an additional 7,873 shares during the last quarter. M&T Bank Corp increased its stake in shares of Vectren by 1.4% during the 2nd quarter. M&T Bank Corp now owns 5,747 shares of the utilities provider’s stock worth $337,000 after purchasing an additional 78 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Vectren during the 2nd quarter worth approximately $363,000. Dimensional Fund Advisors LP increased its stake in shares of Vectren by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 409,935 shares of the utilities provider’s stock worth $23,957,000 after purchasing an additional 6,713 shares during the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in shares of Vectren during the 2nd quarter worth approximately $1,016,000. Hedge funds and other institutional investors own 63.91% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This article was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.dailypolitical.com/2018/02/08/vectren-vvc-trading-0-5-higher.html.
Vectren Company 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).
Receive News & Ratings for Vectren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vectren and related companies with MarketBeat.com's FREE daily email newsletter.