Vectren Corp (VVC) Receives Consensus Rating of “Hold” from Analysts

Vectren Corp (NYSE:VVC) has been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $63.67.

Separately, Zacks Investment Research raised shares of Vectren from a “sell” rating to a “hold” rating in a report on Saturday.

Institutional investors have recently modified their holdings of the stock. Zions Bancorporation acquired a new stake in shares of Vectren in the second quarter valued at approximately $107,000. Virtus ETF Advisers LLC acquired a new stake in shares of Vectren in the third quarter valued at approximately $140,000. Centaurus Financial Inc. acquired a new stake in shares of Vectren in the second quarter valued at approximately $163,000. First Hawaiian Bank acquired a new stake in shares of Vectren in the third quarter valued at approximately $173,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Vectren in the second quarter valued at approximately $204,000. 63.63% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE VVC traded up $0.42 during mid-day trading on Friday, hitting $71.90. 1,381,987 shares of the stock were exchanged, compared to its average volume of 814,346. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 3.55 and a beta of 0.38. The company has a current ratio of 0.69, a quick ratio of 0.55 and a debt-to-equity ratio of 1.06. Vectren has a twelve month low of $58.00 and a twelve month high of $71.96.

Vectren (NYSE:VVC) last issued its quarterly earnings results on Monday, November 5th. The utilities provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.13). The company had revenue of $665.00 million during the quarter, compared to analyst estimates of $707.00 million. Vectren had a net margin of 7.37% and a return on equity of 12.10%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. On average, analysts forecast that Vectren will post 2.87 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.67%. This is a positive change from Vectren’s previous quarterly dividend of $0.45. Vectren’s dividend payout ratio (DPR) is currently 73.85%.

Vectren Company Profile

Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company offers natural gas distribution and transportation services, and electric transmission and distribution services; and owns and operates coal-fired, natural gas or oil-fired, and landfill gas electric generating facilities with an installed generating capacity of 1,248 megawatts.

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