Jefferies Financial Group Inc. acquired a new position in shares of Vectren Corp (NYSE:VVC) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,553 shares of the utilities provider’s stock, valued at approximately $1,407,000.
Other large investors have also added to or reduced their stakes in the company. Bremer Trust National Association acquired a new position in shares of Vectren during the 4th quarter worth about $36,000. Sound Income Strategies LLC lifted its holdings in shares of Vectren by 50,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 501 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 500 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Vectren by 34.2% in the 4th quarter. Proficio Capital Partners LLC now owns 738 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 188 shares during the last quarter. Rational Advisors LLC purchased a new stake in shares of Vectren in the 4th quarter valued at about $132,000. Finally, Virtus ETF Advisers LLC purchased a new stake in shares of Vectren in the 3rd quarter valued at about $140,000. 52.83% of the stock is owned by institutional investors and hedge funds.
Shares of Vectren stock remained flat at $$72.38 on Friday. Vectren Corp has a 52-week low of $58.00 and a 52-week high of $72.40. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.55. The stock has a market capitalization of $7.32 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 3.95 and a beta of 0.33.
Separately, Zacks Investment Research raised Vectren from a “sell” rating to a “hold” rating in a report on Saturday, November 17th.
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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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