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%.
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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