Epoch Investment Partners Inc. Trims Holdings in Vectren Corporation (VVC)

Epoch Investment Partners Inc. trimmed its stake in Vectren Corporation (NYSE:VVC) by 34.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 737,205 shares of the utilities provider’s stock after selling 394,395 shares during the quarter. Epoch Investment Partners Inc. owned about 0.89% of Vectren worth $48,486,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Vectren by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 414,029 shares of the utilities provider’s stock worth $27,231,000 after purchasing an additional 4,094 shares during the period. MUFG Americas Holdings Corp bought a new position in shares of Vectren in the third quarter valued at $362,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Vectren by 5.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 400,242 shares of the utilities provider’s stock valued at $26,324,000 after buying an additional 20,240 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Vectren by 99.8% in the third quarter. Wells Fargo & Company MN now owns 126,252 shares of the utilities provider’s stock valued at $8,303,000 after buying an additional 63,054 shares in the last quarter. Finally, Cadence Capital Management LLC bought a new position in shares of Vectren in the third quarter valued at $231,000. Institutional investors and hedge funds own 63.99% of the company’s stock.

Vectren Corporation (VVC) traded down $0.46 during trading on Tuesday, hitting $68.22. 165,553 shares of the company’s stock were exchanged, compared to its average volume of 383,641. Vectren Corporation has a 12-month low of $48.94 and a 12-month high of $69.86. The company has a market capitalization of $5,680.00, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 4.64 and a beta of 0.83. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.70 and a quick ratio of 0.55.

Vectren (NYSE:VVC) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. Vectren had a net margin of 8.49% and a return on equity of 12.51%. The firm had revenue of $691.20 million for the quarter, compared to analyst estimates of $615.00 million. During the same period last year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. sell-side analysts forecast that Vectren Corporation will post 2.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a dividend of $0.45 per share. This is a positive change from Vectren’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Tuesday, November 14th. Vectren’s dividend payout ratio (DPR) is presently 66.42%.

In other news, Director Derrick Burks purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were bought at an average cost of $65.60 per share, with a total value of $65,600.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $65,600. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

VVC has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Vectren from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Citigroup raised 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. ValuEngine lowered shares of Vectren from a “buy” rating to a “hold” rating in a research note on Friday. Finally, BidaskClub raised shares of Vectren from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Vectren currently has a consensus rating of “Buy” and an average target price of $70.00.

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About Vectren

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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Institutional Ownership by Quarter for Vectren (NYSE:VVC)

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