Vectren (VVC) Stock Rating Upgraded by Zacks Investment Research
Vectren (NYSE:VVC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.
According to Zacks, “Vectren Corporation is an energy holding company headquartered in Evansville, Ind. Vectren’s energy delivery subsidiaries provide gas and/or electricity to the customers in adjoining service territories that cover nearly two-thirds of Indiana and west central Ohio. Vectren’s nonutility subsidiaries and affiliates currently offer energy-related products and services to customers throughout the U.S. These include infrastructure services, energy services, coal mining and energy marketing. “
Shares of Vectren stock opened at $71.90 on Friday. Vectren has a 1 year low of $58.00 and a 1 year high of $71.96. The company has a current ratio of 0.69, a quick ratio of 0.55 and a debt-to-equity ratio of 1.06. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 3.58 and a beta of 0.38.
Large investors have recently modified their holdings of the company. Zions Bancorporation purchased a new stake in shares of Vectren in the second quarter valued at about $107,000. Virtus ETF Advisers LLC purchased a new stake in shares of Vectren in the third quarter valued at about $140,000. Centaurus Financial Inc. purchased a new stake in shares of Vectren in the second quarter valued at about $163,000. First Hawaiian Bank purchased a new stake in shares of Vectren in the third quarter valued at about $173,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Vectren in the second quarter valued at about $204,000. 63.63% of the stock is currently owned by institutional investors and hedge funds.
Vectren Company 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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