Vectren Corp (NYSE:VVC) – KeyCorp issued their Q3 2018 EPS estimates for shares of Vectren in a report released on Thursday, October 18th. KeyCorp analyst P. Ridzon forecasts that the utilities provider will earn $0.75 per share for the quarter.
Vectren (NYSE:VVC) last announced its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The firm had revenue of $644.00 million for the quarter, compared to analysts’ expectations of $688.00 million. Vectren had a net margin of 7.72% and a return on equity of 12.33%. Vectren’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share.
Shares of VVC stock opened at $71.53 on Monday. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 3.57 and a beta of 0.42. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.71. Vectren has a fifty-two week low of $58.00 and a fifty-two week high of $71.74.
A number of hedge funds have recently made changes to their positions in VVC. Water Island Capital LLC acquired a new position in Vectren during the second quarter valued at approximately $51,108,000. Alpine Associates Management Inc. acquired a new position in shares of Vectren during the second quarter worth $45,774,000. Arrowgrass Capital Partners US LP acquired a new position in shares of Vectren during the second quarter worth $40,598,000. Cornerstone Wealth Management LLC lifted its position in shares of Vectren by 7,508.9% during the second quarter. Cornerstone Wealth Management LLC now owns 453,338 shares of the utilities provider’s stock worth $6,341,000 after purchasing an additional 447,380 shares in the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in shares of Vectren during the second quarter worth $27,799,000. 64.79% of the stock is currently owned by hedge funds and other institutional investors.
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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