Brean Capital Increases Vectren Corp. Price Target to $43.00 (VVC)
Equities researchers at Brean Capital lifted their target price on shares of Vectren Corp. (NYSE:VVC) from $41.00 to $43.00 in a research report issued on Friday, Analyst RN reports. Brean Capital’s target price would indicate a potential upside of 13.76% from the company’s current price.
Separately, analysts at KeyCorp upgraded shares of Vectren Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th. They now have a $41.00 price target on the stock.
Vectren Corp. (NYSE:VVC) traded up 0.93% during mid-day trading on Friday, hitting $38.15. 99,101 shares of the company’s stock traded hands. Vectren Corp. has a 52-week low of $31.83 and a 52-week high of $38.00. The stock’s 50-day moving average is $36.12 and its 200-day moving average is $34.67. The company has a market cap of $3.142 billion and a P/E ratio of 24.08.
Vectren Corp. (NYSE:VVC) last announced its earnings results on Wednesday, February 19th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.02. The company had revenue of $638.60 million for the quarter, compared to the consensus estimate of $638.60 million. On average, analysts predict that Vectren Corp. will post $2.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Wednesday, February 12th.
Vectren Corporation (NYSE:VVC) is an energy holding company.
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