Shares of Vectren Corp (NYSE:VVC) have been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $75.00.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Vectren from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Guggenheim lowered shares of Vectren from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. ValuEngine lowered shares of Vectren from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Citigroup increased their target price on shares of Vectren from $66.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 20th.
Hedge funds have recently bought and sold shares of the business. Boothbay Fund Management LLC bought a new position in Vectren in the 3rd quarter worth approximately $203,000. Bbva Compass Bancshares Inc. bought a new position in Vectren in the 3rd quarter worth approximately $206,000. Klingenstein Fields & Co. LLC bought a new position in Vectren in the 3rd quarter worth approximately $207,000. Cetera Advisor Networks LLC bought a new position in Vectren in the 3rd quarter worth approximately $212,000. Finally, Parsons Capital Management Inc. RI bought a new position in Vectren in the 3rd quarter worth approximately $213,000. Institutional investors and hedge funds own 63.99% of the company’s stock.
Vectren (NYSE:VVC) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The company had revenue of $691.20 million during the quarter, compared to analyst estimates of $615.00 million. Vectren had a net margin of 8.49% and a return on equity of 12.51%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 EPS. analysts predict that Vectren will post 2.62 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Vectren Corp (VVC) Receives Consensus Recommendation of “Hold” from Brokerages” was reported by American Banking News and is owned by of American Banking News. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.americanbankingnews.com/2018/01/20/vectren-corp-vvc-receives-consensus-recommendation-of-hold-from-brokerages.html.
Vectren 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).
Receive News & Ratings for Vectren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vectren and related companies with MarketBeat.com's FREE daily email newsletter.