Bank of America Corp DE cut its holdings in shares of Vectren Corp (NYSE:VVC) by 44.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,956 shares of the utilities provider’s stock after selling 54,859 shares during the quarter. Bank of America Corp DE owned approximately 0.08% of Vectren worth $4,926,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Parallel Advisors LLC lifted its holdings in Vectren by 22.5% during the second quarter. Parallel Advisors LLC now owns 4,156 shares of the utilities provider’s stock valued at $296,000 after purchasing an additional 763 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Vectren by 0.4% in the second quarter. Victory Capital Management Inc. now owns 227,318 shares of the utilities provider’s stock worth $16,242,000 after buying an additional 835 shares in the last quarter. Field & Main Bank lifted its holdings in shares of Vectren by 18.8% in the second quarter. Field & Main Bank now owns 5,850 shares of the utilities provider’s stock worth $418,000 after buying an additional 925 shares in the last quarter. Creative Planning lifted its holdings in shares of Vectren by 8.6% in the second quarter. Creative Planning now owns 12,089 shares of the utilities provider’s stock worth $864,000 after buying an additional 953 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Vectren by 0.7% in the second quarter. American International Group Inc. now owns 167,215 shares of the utilities provider’s stock worth $11,948,000 after buying an additional 1,088 shares in the last quarter. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of Vectren stock opened at $71.59 on Monday. Vectren Corp has a 12-month low of $58.00 and a 12-month high of $71.74. The stock has a market capitalization of $5.95 billion, a PE ratio of 27.53, a PEG ratio of 3.57 and a beta of 0.42. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

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

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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