Vectren Corp. Hits New 12-Month High at $42.12 (VVC)
Shares of Vectren Corp. (NYSE:VVC) hit a new 52-week high during mid-day trading on Monday , Stock Ratings News reports. The stock traded as high as $42.12 and last traded at $42.09, with a volume of 93,992 shares changing hands. The stock had previously closed at $41.78.
Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Vectren Corp. in a research note on Thursday, April 17th. They now have a $40.00 price target on the stock.
The stock’s 50-day moving average is $39.91 and its 200-day moving average is $38.07. The company has a market cap of $3.505 billion and a P/E ratio of 25.02.
Vectren Corp. (NYSE:VVC) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.11. The company had revenue of $796.80 million for the quarter, compared to the consensus estimate of $747.11 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts predict that Vectren Corp. will post $2.24 earnings per share for the current fiscal year.
Vectren Corporation (NYSE:VVC) is an energy holding company.
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