Zacks: Vectren Corporation (NYSE:VVC) Given $56.33 Average Price Target by Analysts
Vectren Corporation (NYSE:VVC) has received a consensus broker rating score of 2.86 (Hold) from the seven brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating on the company.
Analysts have set a 12-month consensus price target of $56.33 for the company and are predicting that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also given Vectren Corporation an industry rank of 104 out of 265 based on the ratings given to related companies.
Several research firms have weighed in on VVC. Zacks Investment Research upgraded shares of Vectren Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. BidaskClub cut shares of Vectren Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, Citigroup Inc. raised their price objective on shares of Vectren Corporation from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th.
Large investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its stake in Vectren Corporation by 20.0% in the first quarter. Sei Investments Co. now owns 1,973 shares of the utilities provider’s stock valued at $115,000 after buying an additional 329 shares during the last quarter. Birch Hill Investment Advisors LLC bought a new stake in Vectren Corporation during the first quarter valued at $200,000. Stratos Wealth Partners LTD. bought a new stake in Vectren Corporation during the first quarter valued at $201,000. GW Henssler & Associates Ltd. bought a new stake in Vectren Corporation during the first quarter valued at $202,000. Finally, HighTower Advisors LLC bought a new stake in Vectren Corporation during the first quarter valued at $213,000. Hedge funds and other institutional investors own 64.46% of the company’s stock.
Vectren Corporation (VVC) traded down 0.47% during midday trading on Tuesday, reaching $57.69. 251,538 shares of the company traded hands. The firm’s 50 day moving average price is $60.59 and its 200 day moving average price is $57.17. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 21.85 and a beta of 0.81. Vectren Corporation has a 12 month low of $46.52 and a 12 month high of $62.79.
Vectren Corporation (NYSE:VVC) last announced its quarterly earnings results on Monday, May 8th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. Vectren Corporation had a net margin of 8.79% and a return on equity of 12.51%. The firm had revenue of $624.50 million during the quarter, compared to the consensus estimate of $595.84 million. During the same period last year, the firm posted $0.58 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts expect that Vectren Corporation will post $2.62 earnings per share for the current year.
Vectren Corporation 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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