Vectren (NYSE:VVC) released its quarterly earnings results on Tuesday. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.02), RTT News reports. The firm had revenue of $711.00 million during the quarter, compared to the consensus estimate of $620.00 million. Vectren had a net margin of 8.49% and a return on equity of 12.51%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share.
Vectren (VVC) traded down $0.40 during trading on Tuesday, hitting $62.57. The stock had a trading volume of 434,139 shares, compared to its average volume of 526,976. 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 has a 12 month low of $54.08 and a 12 month high of $69.86. The firm has a market cap of $5,226.66, a PE ratio of 23.15, a P/E/G ratio of 3.68 and a beta of 0.69.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.88%. Vectren’s payout ratio is 66.42%.
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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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