Vectren Corp (VVC) Short Interest Up 55.6% in December

Vectren Corp (NYSE:VVC) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 922,140 shares, a growth of 55.6% from the November 30th total of 592,791 shares. Based on an average daily trading volume, of 323,648 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.1% of the shares of the stock are sold short.

A number of large investors have recently made changes to their positions in VVC. Bronfman E.L. Rothschild L.P. raised its holdings in Vectren by 3.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,371 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 75 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Vectren by 12.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,993 shares of the utilities provider’s stock worth $175,000 after purchasing an additional 331 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Vectren during the 3rd quarter worth about $203,000. Bbva Compass Bancshares Inc. bought a new stake in Vectren during the 3rd quarter worth about $206,000. Finally, Klingenstein Fields & Co. LLC bought a new stake in Vectren during the 3rd quarter worth about $207,000. 63.97% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on VVC. Guggenheim cut Vectren from a “buy” rating to a “neutral” rating in a report on Tuesday. ValuEngine cut Vectren from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Citigroup lifted their price target on Vectren from $66.00 to $75.00 and gave the company a “buy” rating in a report on Monday, November 20th. Finally, Zacks Investment Research raised Vectren from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $70.00.

Vectren (VVC) opened at $63.46 on Thursday. 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 twelve month low of $51.75 and a twelve month high of $69.86. The stock has a market capitalization of $5,270.00, a PE ratio of 23.42, a P/E/G ratio of 3.85 and a beta of 0.83.

Vectren (NYSE:VVC) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $691.20 million during the quarter, compared to analysts’ expectations of $615.00 million. During the same period in the previous year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. research analysts predict that Vectren will post 2.62 EPS for the current fiscal year.

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About Vectren

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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