Today, Mason Street Advisors LLC Buys 37,762 Shares of Vectren Corp. (VVC)

Today, Mason Street Advisors LLC Buys 37,762  Shares of Vectren Corp. (VVC)
Mason Street Advisors LLC purchased a new position in shares of Vectren Corp. (NYSE:VVC) during the second quarter, Holdings Channel reports. The firm purchased 37,762 shares of the company’s stock, valued at approximately $1,989,000.

Several other large investors also recently bought and sold shares of the stock. State Street Corp raised its position in shares of Vectren Corp. by 4.6% in the second quarter. State Street Corp now owns 5,625,462 shares of the company’s stock valued at $296,293,000 after buying an additional 248,167 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Vectren Corp. by 7.2% in the second quarter. BlackRock Fund Advisors now owns 3,061,476 shares of the company’s stock valued at $161,248,000 after buying an additional 204,302 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Vectren Corp. by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,489,691 shares of the company’s stock valued at $131,132,000 after buying an additional 57,832 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Vectren Corp. by 10.9% in the second quarter. Schroder Investment Management Group now owns 891,900 shares of the company’s stock valued at $46,976,000 after buying an additional 87,819 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Vectren Corp. by 5.4% in the first quarter. Royal Bank of Canada now owns 603,792 shares of the company’s stock valued at $30,528,000 after buying an additional 30,964 shares during the last quarter. Institutional investors and hedge funds own 61.67% of the company’s stock.

Vectren Corp. (NYSE:VVC) traded up 2.04% on Friday, hitting $49.55. The stock had a trading volume of 86,261 shares. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 19.80 and a beta of 0.64. The company’s 50-day moving average price is $48.54 and its 200 day moving average price is $50.00. Vectren Corp. has a one year low of $39.43 and a one year high of $53.33.

Vectren Corp. (NYSE:VVC) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.10. The company earned $631 million during the quarter, compared to the consensus estimate of $611.78 million. Vectren Corp. had a return on equity of 12.16% and a net margin of 8.80%. Vectren Corp.’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. Analysts expect that Vectren Corp. will post $2.50 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This is an increase from Vectren Corp.’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 3.39%. Vectren Corp.’s payout ratio is 67.20%.

VVC has been the subject of several analyst reports. Zacks Investment Research upgraded Vectren Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, October 19th. Guggenheim initiated coverage on Vectren Corp. in a research report on Thursday, November 3rd. They issued a “neutral” rating for the company.

Vectren Corp. Company Profile

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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