Pacer Advisors Inc. lifted its position in shares of Vectren Corporation (NYSE:VVC) by 11.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,556 shares of the utilities provider’s stock after purchasing an additional 1,300 shares during the period. Pacer Advisors Inc.’s holdings in Vectren were worth $826,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Vectren by 6.7% in the first quarter. Dimensional Fund Advisors LP now owns 403,222 shares of the utilities provider’s stock worth $23,632,000 after acquiring an additional 25,317 shares during the period. Capstone Asset Management Co. lifted its stake in shares of Vectren by 1.4% in the second quarter. Capstone Asset Management Co. now owns 7,236 shares of the utilities provider’s stock worth $423,000 after acquiring an additional 100 shares during the period. Eqis Capital Management Inc. lifted its stake in shares of Vectren by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 3,921 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 25 shares during the period. LS Investment Advisors LLC lifted its stake in shares of Vectren by 19.3% in the second quarter. LS Investment Advisors LLC now owns 6,576 shares of the utilities provider’s stock worth $384,000 after acquiring an additional 1,063 shares during the period. Finally, Oakbrook Investments LLC lifted its stake in shares of Vectren by 2.0% in the second quarter. Oakbrook Investments LLC now owns 3,540 shares of the utilities provider’s stock worth $207,000 after acquiring an additional 70 shares during the period. Institutional investors own 62.78% of the company’s stock.
In other Vectren news, Director Derrick Burks purchased 1,000 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were purchased at an average cost of $65.60 per share, with a total value of $65,600.00. Following the completion of the purchase, the director now owns 1,000 shares in the company, valued at $65,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.
Shares of Vectren Corporation (VVC) traded down $0.34 on Monday, reaching $67.18. The company’s stock had a trading volume of 70,600 shares, compared to its average volume of 386,028. Vectren Corporation has a 12-month low of $48.41 and a 12-month high of $68.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.55 and a current ratio of 0.70. The firm has a market capitalization of $5,576.07, a price-to-earnings ratio of 24.79, a PEG ratio of 4.52 and a beta of 0.84.
Vectren (NYSE:VVC) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. Vectren had a return on equity of 12.51% and a net margin of 8.49%. The firm had revenue of $691.20 million for the quarter, compared to analyst estimates of $615.00 million. During the same period in the previous year, the firm earned $0.74 earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. equities research analysts expect that Vectren Corporation will post 2.62 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, November 14th. This is a positive change from Vectren’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 2.68%. Vectren’s payout ratio is 66.42%.
VVC has been the topic of a number of recent analyst reports. BidaskClub raised Vectren from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Citigroup Inc. lifted their price objective on Vectren from $66.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. Finally, Zacks Investment Research raised Vectren from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $70.00.
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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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