Vectren Corp. (NYSE:VVC) has earned an average broker rating score of 3.14 (Hold) from the seven analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. Vectren Corp.’s rating score has improved by 0.9% in the last 90 days as a result of various analysts’ ratings changes.
Analysts have set a 12-month consensus price target of $50.00 for the company and are anticipating that the company will post $0.81 earnings per share for the current quarter, according to Zacks. Zacks has also given Vectren Corp. an industry rank of 86 out of 265 based on the ratings given to its competitors.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Vectren Corp. from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Tuesday, November 8th. Guggenheim assumed coverage on shares of Vectren Corp. in a report on Thursday, November 3rd. They issued a “neutral” rating on the stock.
Institutional investors have recently modified their holdings of the company. Capital One National Association raised its position in shares of Vectren Corp. by 26.1% in the second quarter. Capital One National Association now owns 7,100 shares of the company’s stock valued at $374,000 after buying an additional 1,470 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. raised its position in shares of 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 valued at $3,080,000 after buying an additional 6,025 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Vectren Corp. by 15.9% in the second quarter. Nisa Investment Advisors LLC now owns 58,320 shares of the company’s stock valued at $3,072,000 after buying an additional 8,000 shares in the last quarter. Eqis Capital Management Inc. bought a new position in shares of Vectren Corp. during the second quarter valued at approximately $399,000. Finally, Capstone Asset Management Co. raised its position in shares of Vectren Corp. by 7.2% in the second quarter. Capstone Asset Management Co. now owns 7,866 shares of the company’s stock valued at $414,000 after buying an additional 530 shares in the last quarter. Hedge funds and other institutional investors own 62.24% of the company’s stock.
Shares of Vectren Corp. (NYSE:VVC) traded up 0.89% during trading on Monday, reaching $49.99. 61,433 shares of the company traded hands. Vectren Corp. has a 52 week low of $39.43 and a 52 week high of $53.33. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 19.97 and a beta of 0.64. The firm’s 50 day moving average price is $48.54 and its 200-day moving average price is $50.00.
Vectren Corp. (NYSE:VVC) last posted its earnings results on Wednesday, November 2nd. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.10. The company had revenue of $631 million for the quarter, compared to analyst estimates of $611.78 million. Vectren Corp. had a net margin of 8.80% and a return on equity of 12.16%. Vectren Corp.’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. Equities analysts anticipate that Vectren Corp. will post $2.50 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be issued a $0.42 dividend. This is a positive change from Vectren Corp.’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, November 10th. Vectren Corp.’s dividend payout ratio is currently 67.20%.
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).