Oakbrook Investments LLC boosted its stake in Vectren Corporation (NYSE:VVC) by 2.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,540 shares of the utilities provider’s stock after buying an additional 70 shares during the period. Oakbrook Investments LLC’s holdings in Vectren Corporation were worth $207,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of VVC. Sei Investments Co. raised its position in Vectren Corporation by 20.0% in the first quarter. Sei Investments Co. now owns 1,973 shares of the utilities provider’s stock worth $115,000 after buying an additional 329 shares during the period. Birch Hill Investment Advisors LLC acquired a new position in Vectren Corporation during the first quarter worth $200,000. Stratos Wealth Partners LTD. acquired a new position in Vectren Corporation during the first quarter worth $201,000. GW Henssler & Associates Ltd. acquired a new position in Vectren Corporation during the first quarter worth $202,000. Finally, HighTower Advisors LLC acquired a new position in Vectren Corporation during the first quarter worth $213,000. Institutional investors own 64.45% of the company’s stock.
Shares of Vectren Corporation (NYSE:VVC) opened at 60.91 on Friday. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 22.57 and a beta of 0.81. The firm has a 50-day moving average price of $59.63 and a 200-day moving average price of $58.75. Vectren Corporation has a 12 month low of $46.52 and a 12 month high of $62.79.
Vectren Corporation (NYSE:VVC) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. Vectren Corporation had a net margin of 8.66% and a return on equity of 12.65%. The firm had revenue of $630.70 million for the quarter, compared to analyst estimates of $565.12 million. During the same quarter last year, the business earned $0.39 earnings per share. Vectren Corporation’s revenue was up 18.2% compared to the same quarter last year. Equities analysts expect that Vectren Corporation will post $2.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.68 dividend on an annualized basis and a yield of 2.76%. Vectren Corporation’s dividend payout ratio (DPR) is currently 62.22%.
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VVC has been the topic of several analyst reports. Zacks Investment Research raised shares of Vectren Corporation from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Thursday, July 13th. BidaskClub lowered shares of Vectren Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, Citigroup Inc. lifted their price target on shares of Vectren Corporation from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $65.50.
Vectren Corporation 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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