News articles about Vectren (NYSE:VVC) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Vectren earned a news impact score of 0.05 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 48.0940073350973 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Indiana Chamber Names Board Chair (insideindianabusiness.com)
- Vectren : Media Statement in response to IURC decision on damages associated with MetroNet (4-traders.com)
- Vectren Corporation (VVC) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Vectren (VVC) Stock Rating Lowered by ValuEngine (americanbankingnews.com)
- Zacks: Vectren Corporation (VVC) Given $67.00 Consensus Price Target by Brokerages (americanbankingnews.com)
Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Vectren from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine downgraded Vectren from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Citigroup raised their price target on Vectren from $66.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Finally, BidaskClub raised Vectren from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $70.00.
Vectren (NYSE VVC) traded up $0.17 during trading on Wednesday, hitting $68.45. The company had a trading volume of 231,247 shares, compared to its average volume of 382,667. 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 $49.72 and a 12-month high of $69.86. The firm has a market capitalization of $5,700.60, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 4.63 and a beta of 0.83.
Vectren (NYSE:VVC) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. Vectren had a return on equity of 12.51% and a net margin of 8.49%. The firm had revenue of $691.20 million during the quarter, compared to the consensus estimate of $615.00 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. analysts expect that Vectren will post 2.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a dividend of $0.45 per share. This is an increase from Vectren’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.63%. Vectren’s payout ratio is 66.42%.
In other news, Director Derrick Burks bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was purchased at an average price of $65.60 per share, with a total value of $65,600.00. Following the completion of the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $65,600. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.14% of the company’s stock.
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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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