Vectren (NYSE:VVC)‘s stock had its “hold” rating restated by investment analysts at Guggenheim in a note issued to investors on Friday. They presently have a $61.00 target price on the utilities provider’s stock. Guggenheim’s price target points to a potential downside of 3.28% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on VVC. ValuEngine cut shares of Vectren from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Wells Fargo & Co set a $58.00 price target on shares of Vectren and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Finally, Citigroup upped their price target on shares of Vectren from $66.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $64.75.
Shares of Vectren (VVC) traded up $1.39 during trading on Friday, reaching $63.07. 525,040 shares of the company’s stock were exchanged, compared to its average volume of 647,198. The stock has a market cap of $5,121.92, a P/E ratio of 24.16, a P/E/G ratio of 3.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.55 and a current ratio of 0.72. Vectren has a 52 week low of $55.06 and a 52 week high of $69.86.
Vectren (NYSE:VVC) last announced its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.02). The firm had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $620.00 million. Vectren had a return on equity of 3.47% and a net margin of 2.24%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. equities analysts anticipate that Vectren will post 2.86 EPS for the current year.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Vectren by 6.4% during the 4th quarter. BlackRock Inc. now owns 8,338,163 shares of the utilities provider’s stock worth $542,147,000 after purchasing an additional 503,213 shares during the period. Renaissance Technologies LLC grew its stake in shares of Vectren by 14.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,057,400 shares of the utilities provider’s stock worth $68,752,000 after purchasing an additional 132,700 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Vectren by 90.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,041,443 shares of the utilities provider’s stock worth $67,715,000 after purchasing an additional 493,212 shares during the period. Schroder Investment Management Group grew its stake in shares of Vectren by 2.1% during the 3rd quarter. Schroder Investment Management Group now owns 1,039,849 shares of the utilities provider’s stock worth $68,630,000 after purchasing an additional 21,489 shares during the period. Finally, Franklin Resources Inc. grew its stake in Vectren by 8.0% in the 4th quarter. Franklin Resources Inc. now owns 1,012,921 shares of the utilities provider’s stock valued at $65,861,000 after acquiring an additional 75,168 shares during the last quarter. 63.71% of the stock is currently owned by institutional investors and hedge funds.
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Vectren 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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