Shares of Vectren Corp (NYSE:VVC) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $64.67.

VVC has been the subject of several research reports. Citigroup boosted their price objective on shares of Vectren from $66.00 to $75.00 and gave the company a “buy” rating in a report on Monday, November 20th. ValuEngine cut shares of Vectren from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Guggenheim cut shares of Vectren from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Wells Fargo & Co set a $58.00 price objective on shares of Vectren and gave the company a “hold” rating in a report on Tuesday, February 13th. Finally, Bank of America reissued a “neutral” rating on shares of Vectren in a report on Tuesday, February 27th.

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Hedge funds have recently made changes to their positions in the business. Assetmark Inc. increased its holdings in Vectren by 12,841.2% during the fourth quarter. Assetmark Inc. now owns 2,200 shares of the utilities provider’s stock valued at $143,000 after buying an additional 2,183 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Vectren during the fourth quarter valued at approximately $163,000. Telemus Capital LLC purchased a new stake in Vectren during the fourth quarter valued at approximately $175,000. Boothbay Fund Management LLC purchased a new stake in Vectren during the third quarter valued at approximately $203,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Vectren during the fourth quarter valued at approximately $208,000. 63.98% of the stock is owned by institutional investors and hedge funds.

Shares of Vectren (NYSE VVC) traded up $1.58 during trading on Friday, reaching $62.55. 189,987 shares of the company’s stock traded hands, compared to its average volume of 488,538. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.72 and a quick ratio of 0.59. Vectren has a twelve month low of $56.36 and a twelve month high of $69.86. The stock has a market capitalization of $5,053.00, a PE ratio of 23.31, a PEG ratio of 3.35 and a beta of 0.67.

Vectren (NYSE:VVC) last released its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.02). Vectren had a net margin of 8.13% and a return on equity of 11.91%. The company had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $620.00 million. During the same period in the previous year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. research analysts forecast that Vectren will post 2.87 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.88%. Vectren’s payout ratio is 68.97%.

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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).

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