Centiva Capital LP acquired a new position in Vectren Corp (NYSE:VVC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,343 shares of the utilities provider’s stock, valued at approximately $412,000. Vectren comprises 0.0% of Centiva Capital LP’s portfolio, making the stock its 18th biggest holding.
Several other hedge funds also recently modified their holdings of VVC. FMR LLC lifted its holdings in shares of Vectren by 6.0% in the 2nd quarter. FMR LLC now owns 138,906 shares of the utilities provider’s stock worth $8,117,000 after acquiring an additional 7,873 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of Vectren in the 2nd quarter worth approximately $363,000. Dimensional Fund Advisors LP lifted its holdings in shares of Vectren by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 409,935 shares of the utilities provider’s stock worth $23,957,000 after acquiring an additional 6,713 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in shares of Vectren in the 2nd quarter worth approximately $1,016,000. Finally, Numeric Investors LLC acquired a new position in shares of Vectren in the 2nd quarter worth approximately $754,000. Hedge funds and other institutional investors own 63.91% of the company’s stock.
Several equities analysts have recently commented on VVC shares. Citigroup upped their price objective on shares of Vectren from $66.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 20th. ValuEngine lowered shares of Vectren from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Guggenheim lowered shares of Vectren from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded shares of Vectren from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $70.00.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.80 dividend on an annualized basis and a yield of 2.91%. Vectren’s dividend payout ratio (DPR) is presently 66.42%.
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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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