Vectren Corp. (VVC) Shares Sold by Dalton Greiner Hartman Maher & Co.
Dalton Greiner Hartman Maher & Co. decreased its stake in shares of Vectren Corp. (NYSE:VVC) by 22.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 259,617 shares of the company’s stock after selling 73,636 shares during the period. Dalton Greiner Hartman Maher & Co. owned about 0.31% of Vectren Corp. worth $13,033,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its position in Vectren Corp. by 4.6% in the second quarter. State Street Corp now owns 5,625,462 shares of the company’s stock valued at $296,293,000 after buying an additional 248,167 shares in the last quarter. BlackRock Fund Advisors boosted its position in Vectren Corp. by 7.2% in the second quarter. BlackRock Fund Advisors now owns 3,061,476 shares of the company’s stock valued at $161,248,000 after buying an additional 204,302 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Vectren Corp. by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,489,691 shares of the company’s stock valued at $131,132,000 after buying an additional 57,832 shares in the last quarter. Schroder Investment Management Group boosted its position in Vectren Corp. by 10.9% in the second quarter. Schroder Investment Management Group now owns 891,900 shares of the company’s stock valued at $46,976,000 after buying an additional 87,819 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Vectren Corp. by 5.4% in the first quarter. Royal Bank of Canada now owns 603,792 shares of the company’s stock valued at $30,528,000 after buying an additional 30,964 shares in the last quarter. Institutional investors and hedge funds own 62.24% of the company’s stock.
Vectren Corp. (NYSE:VVC) traded up 1.84% during midday trading on Monday, hitting $50.46. 152,631 shares of the company traded hands. Vectren Corp. has a 12-month low of $39.43 and a 12-month high of $53.33. The stock’s 50-day moving average is $48.54 and its 200-day moving average is $50.00. The firm has a market capitalization of $4.18 billion, a PE ratio of 20.16 and a beta of 0.64.
Vectren Corp. (NYSE:VVC) last posted its earnings results on Wednesday, November 2nd. The company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.10. The company had revenue of $631 million for the quarter, compared to analyst estimates of $611.78 million. Vectren Corp. had a net margin of 8.80% and a return on equity of 12.16%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.48 earnings per share. Analysts anticipate that Vectren Corp. will post $2.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a $0.42 dividend. The ex-dividend date is Thursday, November 10th. This is a positive change from Vectren Corp.’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 3.39%. Vectren Corp.’s dividend payout ratio (DPR) is 67.20%.
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VVC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Vectren Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, October 19th. Guggenheim started coverage on shares of Vectren Corp. in a research note on Thursday, November 3rd. They issued a “neutral” rating for the company.
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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