Vectren Corp (NYSE:VVC) – KeyCorp issued their Q1 2017 earnings per share (EPS) estimates for Vectren Corp in a report issued on Thursday. KeyCorp analyst P. Ridzon forecasts that the brokerage will post earnings of $0.70 per share for the quarter. KeyCorp currently has a “Overweight” rating on the stock. KeyCorp also issued estimates for Vectren Corp’s FY2017 earnings at $2.65 EPS and FY2018 earnings at $2.84 EPS.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Vectren Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, March 15th. Guggenheim upgraded Vectren Corp from a “neutral” rating to a “buy” rating in a research note on Monday, January 9th. Finally, Citigroup Inc upgraded Vectren Corp from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Vectren Corp presently has an average rating of “Hold” and an average price target of $57.00.
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Shares of Vectren Corp (NYSE:VVC) opened at 57.10 on Monday. Vectren Corp has a 52-week low of $46.52 and a 52-week high of $57.93. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 22.39 and a beta of 0.70. The firm has a 50-day moving average price of $55.60 and a 200 day moving average price of $51.66.
Vectren Corp (NYSE:VVC) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.05. Vectren Corp had a net margin of 8.80% and a return on equity of 12.16%. The company had revenue of $699 million for the quarter, compared to the consensus estimate of $618.60 million. During the same quarter in the prior year, the company earned $0.79 EPS. Vectren Corp’s quarterly revenue was up 15.7% on a year-over-year basis.
Large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Vectren Corp during the fourth quarter valued at $41,287,000. Assenagon Asset Management S.A. acquired a new stake in Vectren Corp during the fourth quarter valued at $3,607,000. Thrivent Financial for Lutherans boosted its stake in Vectren Corp by 0.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 393,700 shares of the company’s stock valued at $20,531,000 after buying an additional 1,210 shares during the last quarter. Archford Capital Strategies LLC boosted its stake in Vectren Corp by 3.9% in the fourth quarter. Archford Capital Strategies LLC now owns 14,379 shares of the company’s stock valued at $749,000 after buying an additional 546 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Vectren Corp by 24.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,325 shares of the company’s stock valued at $275,000 after buying an additional 1,037 shares during the last quarter. Hedge funds and other institutional investors own 61.77% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Monday, February 13th. Vectren Corp’s payout ratio is 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).
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