Sei Investments Co. raised its holdings in Vectren Corp (NYSE:VVC) by 10.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,782 shares of the utilities provider’s stock after buying an additional 2,526 shares during the period. Sei Investments Co.’s holdings in Vectren were worth $1,913,000 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. Millennium Management LLC raised its holdings in shares of Vectren by 116.6% in the first quarter. Millennium Management LLC now owns 1,465,982 shares of the utilities provider’s stock valued at $93,706,000 after purchasing an additional 789,320 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Vectren by 9.6% in the first quarter. Principal Financial Group Inc. now owns 1,282,889 shares of the utilities provider’s stock valued at $82,002,000 after purchasing an additional 112,613 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of Vectren by 7,508.9% in the second quarter. Cornerstone Wealth Management LLC now owns 453,338 shares of the utilities provider’s stock valued at $6,341,000 after purchasing an additional 447,380 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Vectren by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 446,606 shares of the utilities provider’s stock valued at $28,548,000 after purchasing an additional 26,782 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Vectren by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 428,264 shares of the utilities provider’s stock valued at $27,374,000 after purchasing an additional 5,085 shares during the last quarter. 65.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of VVC stock opened at $71.61 on Friday. The stock has a market capitalization of $5.92 billion, a PE ratio of 27.54, a PEG ratio of 3.55 and a beta of 0.42. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.71 and a quick ratio of 0.58. Vectren Corp has a one year low of $58.00 and a one year high of $71.74.

Vectren (NYSE:VVC) last announced its earnings results on Wednesday, August 1st. The utilities provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.05. The company had revenue of $644.00 million during the quarter, compared to the consensus estimate of $688.00 million. Vectren had a net margin of 7.72% and a return on equity of 12.33%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. equities research analysts anticipate that Vectren Corp will post 2.87 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Wednesday, August 15th were issued a $0.45 dividend. The ex-dividend date was Tuesday, August 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.51%. Vectren’s dividend payout ratio is currently 69.23%.

Vectren Profile

Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company offers natural gas distribution and transportation services, and electric transmission and distribution services; and owns and operates coal-fired, natural gas or oil-fired, and landfill gas electric generating facilities with an installed generating capacity of 1,248 megawatts.

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Institutional Ownership by Quarter for Vectren (NYSE:VVC)

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