Northwestern Mutual Investment Management Company LLC increased its position in shares of Vectren Corp. (NYSE:VVC) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,295 shares of the company’s stock after buying an additional 15 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Vectren Corp. were worth $753,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital One National Association raised its position in Vectren Corp. by 26.1% in the second quarter. Capital One National Association now owns 7,100 shares of the company’s stock worth $374,000 after buying an additional 1,470 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. raised its position in Vectren Corp. by 11.5% in the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 58,472 shares of the company’s stock worth $3,080,000 after buying an additional 6,025 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Vectren Corp. by 15.9% in the second quarter. Nisa Investment Advisors LLC now owns 58,320 shares of the company’s stock worth $3,072,000 after buying an additional 8,000 shares during the last quarter. Eqis Capital Management Inc. bought a new position in Vectren Corp. during the second quarter worth about $399,000. Finally, Capstone Asset Management Co. raised its position in Vectren Corp. by 7.2% in the second quarter. Capstone Asset Management Co. now owns 7,866 shares of the company’s stock worth $414,000 after buying an additional 530 shares during the last quarter. 61.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vectren Corp. (NYSE:VVC) traded up 2.04% on Friday, reaching $49.55. The company had a trading volume of 86,261 shares. The stock has a 50 day moving average price of $48.54 and a 200-day moving average price of $50.00. Vectren Corp. has a 12 month low of $39.43 and a 12 month high of $53.33. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 19.80 and a beta of 0.64.
Vectren Corp. (NYSE:VVC) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. The firm 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 for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 earnings per share. Analysts forecast that Vectren Corp. will post $2.50 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a $0.42 dividend. The ex-dividend date is Thursday, November 10th. This represents a $1.68 dividend on an annualized basis and a yield of 3.39%. This is an increase from Vectren Corp.’s previous quarterly dividend of $0.40. Vectren Corp.’s dividend payout ratio is currently 67.20%.
A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Vectren Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Guggenheim assumed coverage on Vectren Corp. in a report on Thursday, November 3rd. They issued a “neutral” rating on the stock.
About Vectren Corp.
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).