Vectren Corp (VVC) Given Consensus Rating of “Hold” by Brokerages

Vectren Corp (NYSE:VVC) has received an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $63.67.

A number of research firms have recently commented on VVC. Bank of America restated a “neutral” rating on shares of Vectren in a research note on Tuesday, February 27th. Zacks Investment Research upgraded shares of Vectren from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Saturday, April 7th. Guggenheim restated a “hold” rating and set a $61.00 price objective on shares of Vectren in a research note on Friday, February 23rd. Finally, Citigroup downgraded shares of Vectren from a “buy” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research note on Wednesday, April 25th.

Several institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC lifted its stake in Vectren by 2.0% in the 1st quarter. Mason Street Advisors LLC now owns 41,708 shares of the utilities provider’s stock valued at $2,666,000 after purchasing an additional 816 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Vectren by 19.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,330 shares of the utilities provider’s stock valued at $341,000 after purchasing an additional 850 shares during the last quarter. Amalgamated Bank lifted its stake in Vectren by 6.1% in the 4th quarter. Amalgamated Bank now owns 16,820 shares of the utilities provider’s stock valued at $1,094,000 after purchasing an additional 961 shares during the last quarter. LPL Financial LLC lifted its stake in Vectren by 6.0% in the 4th quarter. LPL Financial LLC now owns 17,391 shares of the utilities provider’s stock valued at $1,131,000 after purchasing an additional 981 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Vectren by 16.4% in the 4th quarter. Private Advisor Group LLC now owns 7,297 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 1,027 shares during the last quarter. Institutional investors own 66.34% of the company’s stock.

Vectren traded down $0.04, reaching $71.34, during trading hours on Tuesday, MarketBeat Ratings reports. 30,306 shares of the stock were exchanged, compared to its average volume of 885,117. The stock has a market cap of $5.91 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 3.55 and a beta of 0.60. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 0.89. Vectren has a 12 month low of $57.48 and a 12 month high of $71.38.

Vectren (NYSE:VVC) last released its earnings results on Tuesday, May 1st. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. The firm had revenue of $658.40 million during the quarter, compared to analysts’ expectations of $688.00 million. Vectren had a return on equity of 11.94% and a net margin of 8.33%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. analysts forecast that Vectren will post 2.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, May 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.52%. Vectren’s dividend payout ratio is 69.23%.

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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