Analysts expect Vectren Corp (NYSE:VVC) to announce earnings of $0.80 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Vectren’s earnings. Vectren posted earnings of $0.84 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.8%. The business is scheduled to report its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Vectren will report full year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.60 to $2.65. For the next financial year, analysts forecast that the firm will report earnings of $2.81 per share, with EPS estimates ranging from $2.80 to $2.85. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Vectren.

Vectren (NYSE:VVC) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. Vectren had a return on equity of 12.51% and a net margin of 8.49%. The business had revenue of $691.20 million during the quarter, compared to analysts’ expectations of $615.00 million. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year.

A number of equities analysts have issued reports on the company. ValuEngine cut Vectren from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised Vectren from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Citigroup increased their price target on Vectren from $66.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Finally, Guggenheim cut Vectren from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $70.00.

Shares of Vectren (NYSE VVC) traded down $0.65 on Thursday, reaching $60.50. The company’s stock had a trading volume of 256,144 shares, compared to its average volume of 353,942. Vectren has a fifty-two week low of $53.65 and a fifty-two week high of $69.86. The company has a current ratio of 0.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.90. The firm has a market cap of $5,020.81, a PE ratio of 22.32, a PEG ratio of 3.58 and a beta of 0.83.

Hedge funds have recently modified their holdings of the company. Davidson Kempner Capital Management LP acquired a new stake in shares of Vectren in the third quarter valued at about $6,807,000. Balyasny Asset Management LLC increased its stake in shares of Vectren by 132.3% in the second quarter. Balyasny Asset Management LLC now owns 12,774 shares of the utilities provider’s stock valued at $747,000 after buying an additional 7,274 shares during the period. Eaton Vance Management increased its stake in shares of Vectren by 42.3% in the second quarter. Eaton Vance Management now owns 11,271 shares of the utilities provider’s stock valued at $659,000 after buying an additional 3,351 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Vectren by 3.4% in the third quarter. Great West Life Assurance Co. Can now owns 50,954 shares of the utilities provider’s stock valued at $3,360,000 after buying an additional 1,672 shares during the period. Finally, Nationwide Fund Advisors increased its stake in shares of Vectren by 9.9% in the third quarter. Nationwide Fund Advisors now owns 155,072 shares of the utilities provider’s stock valued at $10,199,000 after buying an additional 14,033 shares during the period. 63.99% of the stock is owned by institutional investors.

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About Vectren

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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