Shares of Vectren Corp (NYSE:VVC) have received an average broker rating score of 2.86 (Hold) from the seven analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating on the company. Vectren Corp’s rating score has declined by 11.3% in the last three months as a result of a number of analysts’ ratings changes.

Brokerages have set a 12-month consensus target price of $56.33 for the company and are forecasting that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also given Vectren Corp an industry rank of 180 out of 265 based on the ratings given to its competitors.

Several research firms have recently weighed in on VVC. Citigroup Inc boosted their target price on shares of Vectren Corp from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Zacks Investment Research raised shares of Vectren Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th.

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Vectren Corp (NYSE:VVC) opened at 60.82 on Thursday. The firm has a market cap of $5.05 billion, a P/E ratio of 23.04 and a beta of 0.70. The firm has a 50-day moving average of $59.36 and a 200 day moving average of $55.08. Vectren Corp has a 1-year low of $46.52 and a 1-year high of $60.91.

Vectren Corp (NYSE:VVC) last released its earnings results on Monday, May 8th. The utilities provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The company had revenue of $624.50 million during the quarter, compared to the consensus estimate of $595.84 million. Vectren Corp had a net margin of 8.80% and a return on equity of 12.16%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 EPS. On average, analysts predict that Vectren Corp will post $2.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, May 11th. Vectren Corp’s payout ratio is currently 67.20%.

Several large investors have recently added to or reduced their stakes in the company. Martingale Asset Management L P increased its stake in Vectren Corp by 9.6% in the fourth quarter. Martingale Asset Management L P now owns 460,701 shares of the utilities provider’s stock valued at $24,026,000 after buying an additional 40,360 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Vectren Corp by 312.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 37,586 shares of the utilities provider’s stock valued at $1,960,000 after buying an additional 28,465 shares during the last quarter. State Street Corp increased its stake in Vectren Corp by 10.7% in the fourth quarter. State Street Corp now owns 5,398,641 shares of the utilities provider’s stock valued at $281,545,000 after buying an additional 520,743 shares during the last quarter. Comerica Bank increased its stake in Vectren Corp by 58.0% in the fourth quarter. Comerica Bank now owns 126,439 shares of the utilities provider’s stock valued at $6,886,000 after buying an additional 46,427 shares during the last quarter. Finally, Cadence Capital Management LLC bought a new stake in Vectren Corp during the fourth quarter valued at $297,000. 61.77% of the stock is owned by institutional investors.

Vectren Corp Company Profile

Vectren Corporation (Vectren) is an energy holding company. The Company segregates its operations into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. The Company’s subsidiary, Vectren Utility Holdings, Inc (Utility Holdings or VUHI), serves as the intermediate holding company for three public utilities: Indiana Gas Company, Inc (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio, Inc (VEDO).

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