Epoch Investment Partners Inc. raised its position in shares of Vectren Corporation (NYSE:VVC) by 15.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,046,236 shares of the utilities provider’s stock after buying an additional 137,179 shares during the period. Epoch Investment Partners Inc. owned approximately 1.26% of Vectren Corporation worth $61,320,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Sei Investments Co. increased its position in shares of 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 in the last quarter. Birch Hill Investment Advisors LLC acquired a new position in shares of Vectren Corporation during the first quarter worth $200,000. Stratos Wealth Partners LTD. acquired a new position in shares of Vectren Corporation during the first quarter worth $201,000. GW Henssler & Associates Ltd. acquired a new position in shares of Vectren Corporation during the first quarter worth $202,000. Finally, Gideon Capital Advisors Inc. acquired a new position in shares of Vectren Corporation during the fourth quarter worth $206,000. 64.82% of the stock is owned by institutional investors.
Shares of Vectren Corporation (VVC) traded down 1.12% during midday trading on Tuesday, reaching $60.96. The company’s stock had a trading volume of 310,093 shares. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 23.09 and a beta of 0.78. The company has a 50-day moving average price of $60.44 and a 200-day moving average price of $56.71. 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 Monday, May 8th. The utilities provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $624.50 million during the quarter, compared to analyst estimates of $595.84 million. Vectren Corporation had a net margin of 8.79% and a return on equity of 12.51%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. Equities analysts expect that Vectren Corporation will post $2.62 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.68 dividend on an annualized basis and a yield of 2.76%. Vectren Corporation’s dividend payout ratio is presently 63.64%.
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VVC has been the topic of a number of research reports. Citigroup Inc. increased their price objective on Vectren Corporation from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Zacks Investment Research downgraded Vectren Corporation from a “hold” rating to a “sell” rating in a report on Thursday, March 23rd. Finally, BidaskClub downgraded Vectren Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $63.50.
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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