Brokerages predict that Vectren Corporation (NYSE:VVC) will report $0.68 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Vectren Corporation’s earnings. Vectren Corporation reported earnings per share of $0.74 during the same quarter last year, which would indicate a negative year over year growth rate of 8.1%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that Vectren Corporation will report full year earnings of $2.62 per share for the current year, with EPS estimates ranging from $2.60 to $2.65. For the next fiscal year, analysts anticipate that the company will post earnings of $2.81 per share, with EPS estimates ranging from $2.80 to $2.85. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Vectren Corporation.
Vectren Corporation (NYSE:VVC) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The company had revenue of $630.70 million for the quarter, compared to analyst estimates of $565.12 million. Vectren Corporation had a return on equity of 12.65% and a net margin of 8.66%. Vectren Corporation’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share.
A number of analysts have recently commented on the company. BidaskClub raised Vectren Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research raised Vectren Corporation from a “sell” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Vectren Corporation presently has a consensus rating of “Buy” and an average price target of $65.50.
In related news, Director Derrick Burks bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were acquired at an average cost of $65.60 per share, for a total transaction of $65,600.00. Following the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $65,600. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. grew its holdings in shares of Vectren Corporation by 20.0% in the 1st quarter. Sei Investments Co. now owns 1,973 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 329 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Vectren Corporation by 3.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,371 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 75 shares during the last quarter. Global X Management Co. LLC grew its holdings in shares of Vectren Corporation by 220.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,630 shares of the utilities provider’s stock worth $154,000 after acquiring an additional 1,810 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Vectren Corporation by 12.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,993 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 331 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Vectren Corporation by 2.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,518 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 63.11% of the company’s stock.
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Vectren Corporation (NYSE VVC) traded up 0.90% during mid-day trading on Monday, reaching $67.31. The company’s stock had a trading volume of 190,784 shares. Vectren Corporation has a 1-year low of $46.52 and a 1-year high of $68.30. The company has a market capitalization of $5.59 billion, a PE ratio of 24.94 and a beta of 0.81. The firm has a 50 day moving average price of $66.22 and a 200-day moving average price of $61.46.
About Vectren Corporation
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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