Vectren Corp (NYSE:VVC) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $63.67.
A number of brokerages have issued reports on VVC. Wells Fargo & Co set a $58.00 target price on Vectren and gave the company a “hold” rating in a research report on Tuesday, February 13th. Zacks Investment Research lowered Vectren from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Citigroup lowered Vectren from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Wednesday, April 25th. Guggenheim reiterated a “hold” rating and issued a $61.00 price target on shares of Vectren in a report on Friday, February 23rd. Finally, Bank of America reiterated a “neutral” rating on shares of Vectren in a report on Tuesday, February 27th.
Shares of Vectren traded down $0.04, reaching $69.81, during trading on Friday, according to Marketbeat Ratings. The company’s stock had a trading volume of 29,130 shares, compared to its average volume of 1,286,219. Vectren has a twelve month low of $57.48 and a twelve month high of $70.76. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 3.48 and a beta of 0.57. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 0.89.
Vectren (NYSE:VVC) last announced its earnings results on Tuesday, February 20th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.02). Vectren had a net margin of 8.33% and a return on equity of 11.94%. The business had revenue of $711.00 million during the quarter, compared to analyst estimates of $620.00 million. During the same period in the previous year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. equities analysts expect that Vectren will post 2.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. Vectren’s dividend payout ratio (DPR) is 69.23%.
Several hedge funds and other institutional investors have recently modified their holdings of VVC. Victory Capital Management Inc. grew its stake in Vectren by 12.7% during the 4th quarter. Victory Capital Management Inc. now owns 40,495 shares of the utilities provider’s stock worth $2,633,000 after buying an additional 4,552 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Vectren by 3.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 55,401 shares of the utilities provider’s stock worth $3,602,000 after buying an additional 1,893 shares during the last quarter. Franklin Resources Inc. grew its stake in Vectren by 8.0% during the 4th quarter. Franklin Resources Inc. now owns 1,012,921 shares of the utilities provider’s stock worth $65,861,000 after buying an additional 75,168 shares during the last quarter. SG Americas Securities LLC bought a new position in Vectren during the 4th quarter worth $1,225,000. Finally, Deutsche Bank AG grew its stake in Vectren by 56.1% during the 4th quarter. Deutsche Bank AG now owns 88,264 shares of the utilities provider’s stock worth $5,736,000 after buying an additional 31,729 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
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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