News stories about Vectren (NYSE:VVC) have been trending somewhat positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vectren earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.9159573809843 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of research analysts recently issued reports on VVC shares. Zacks Investment Research lowered Vectren from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Citigroup boosted their price objective on Vectren from $66.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Finally, BidaskClub upgraded Vectren from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $70.00.
Shares of Vectren (NYSE VVC) traded up $0.64 during mid-day trading on Tuesday, reaching $68.50. The company’s stock had a trading volume of 496,772 shares, compared to its average volume of 386,138. The company has a quick ratio of 0.55, a current ratio of 0.70 and a debt-to-equity ratio of 0.90. Vectren has a one year low of $48.41 and a one year high of $68.84. The firm has a market cap of $5,576.10, a price-to-earnings ratio of 24.79, a PEG ratio of 4.52 and a beta of 0.84.
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 given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a positive change from Vectren’s previous quarterly dividend of $0.42. Vectren’s payout ratio is 66.42%.
In other Vectren news, Director Derrick Burks purchased 1,000 shares of Vectren stock in a transaction on Thursday, September 28th. The stock was bought at an average price of $65.60 per share, for a total transaction of $65,600.00. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $65,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.
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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