Duff & Phelps Investment Management Co. Decreases Position in Vectren Corp. (VVC)
Duff & Phelps Investment Management Co. reduced its stake in shares of Vectren Corp. (NYSE:VVC) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,554,815 shares of the company’s stock after selling 1,415 shares during the period. Vectren Corp. makes up about 1.2% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 22nd largest position. Duff & Phelps Investment Management Co. owned 1.88% of Vectren Corp. worth $81,892,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the stock. Aperio Group LLC increased its position in Vectren Corp. by 19.6% in the first quarter. Aperio Group LLC now owns 24,780 shares of the company’s stock valued at $1,253,000 after buying an additional 4,063 shares during the last quarter. Teachers Advisors Inc. increased its position in Vectren Corp. by 24.2% in the first quarter. Teachers Advisors Inc. now owns 84,237 shares of the company’s stock valued at $4,259,000 after buying an additional 16,395 shares during the last quarter. BlackRock Inc. increased its position in Vectren Corp. by 27.8% in the first quarter. BlackRock Inc. now owns 112,585 shares of the company’s stock valued at $5,692,000 after buying an additional 24,460 shares during the last quarter. BlackRock Group LTD increased its position in Vectren Corp. by 71.0% in the first quarter. BlackRock Group LTD now owns 87,813 shares of the company’s stock valued at $4,441,000 after buying an additional 36,459 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in Vectren Corp. by 1.7% in the first quarter. BlackRock Fund Advisors now owns 2,857,174 shares of the company’s stock valued at $144,459,000 after buying an additional 47,440 shares during the last quarter. 62.83% of the stock is currently owned by institutional investors.
Shares of Vectren Corp. (NYSE:VVC) traded up 0.83% during midday trading on Tuesday, reaching $48.82. The company had a trading volume of 132,684 shares. Vectren Corp. has a one year low of $39.43 and a one year high of $53.33. The company has a 50 day moving average price of $49.23 and a 200-day moving average price of $50.16. The firm has a market capitalization of $4.04 billion, a P/E ratio of 21.83 and a beta of 0.60.
Vectren Corp. (NYSE:VVC) last posted its earnings results on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.04. Vectren Corp. had a return on equity of 10.99% and a net margin of 8.06%. The firm had revenue of $533.70 million for the quarter, compared to the consensus estimate of $585.40 million. During the same period in the prior year, the business earned $0.43 EPS. Vectren Corp.’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, analysts anticipate that Vectren Corp. will post $2.47 EPS for the current fiscal year.
VVC has been the topic of a number of analyst reports. Zacks Investment Research raised Vectren Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Citigroup Inc. increased their price target on Vectren Corp. from $44.00 to $53.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th.
About Vectren Corp.
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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