Analysts Issue Forecasts for Vectren Corp’s Q4 2018 Earnings (VVC)

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Vectren Corp (NYSE:VVC) – Research analysts at KeyCorp issued their Q4 2018 EPS estimates for shares of Vectren in a research report issued on Wednesday, January 23rd, according to Zacks Investment Research. KeyCorp analyst P. Ridzon expects that the utilities provider will post earnings per share of $0.87 for the quarter.

Separately, Zacks Investment Research cut shares of Vectren from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $66.00.

VVC remained flat at $$72.38 during midday trading on Friday. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 3.95 and a beta of 0.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.55 and a current ratio of 0.69. Vectren has a 12-month low of $58.00 and a 12-month high of $72.40.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc lifted its position in Vectren by 1.8% during the third quarter. Vanguard Group Inc now owns 8,540,495 shares of the utilities provider’s stock valued at $610,560,000 after purchasing an additional 147,510 shares during the period. Marshall Wace LLP bought a new position in Vectren during the third quarter valued at approximately $20,000,000. Jane Street Group LLC bought a new position in Vectren during the third quarter valued at approximately $238,000. OLD National Bancorp IN lifted its position in Vectren by 0.5% during the fourth quarter. OLD National Bancorp IN now owns 141,052 shares of the utilities provider’s stock valued at $10,152,000 after purchasing an additional 716 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in Vectren by 19.9% during the third quarter. State of Alaska Department of Revenue now owns 66,601 shares of the utilities provider’s stock valued at $4,760,000 after purchasing an additional 11,041 shares during the period. Hedge funds and other institutional investors own 52.83% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Wednesday, February 13th. Vectren’s payout ratio is 73.85%.

About Vectren

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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