Vectren Corp (NYSE:VVC) – Stock analysts at KeyCorp issued their Q1 2017 EPS estimates for Vectren Corp in a research note issued on Thursday. KeyCorp analyst P. Ridzon anticipates that the firm will post earnings per share of $0.70 for the quarter. KeyCorp currently has a “Overweight” rating on the stock. KeyCorp also issued estimates for Vectren Corp’s FY2017 earnings at $2.65 EPS and FY2018 earnings at $2.84 EPS.

A number of other equities analysts have also commented on the company. Zacks Investment Research lowered Vectren Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, March 15th. Guggenheim upgraded Vectren Corp from a “neutral” rating to a “buy” rating in a research note on Monday, January 9th. Finally, Citigroup Inc upgraded Vectren Corp from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Vectren Corp has a consensus rating of “Hold” and a consensus target price of $57.00.

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Vectren Corp (NYSE:VVC) opened at 57.10 on Monday. Vectren Corp has a 12-month low of $46.52 and a 12-month high of $57.93. The company has a market cap of $4.73 billion, a P/E ratio of 22.39 and a beta of 0.70. The firm’s 50-day moving average price is $55.60 and its 200-day moving average price is $51.66.

Vectren Corp (NYSE:VVC) last released its earnings results on Wednesday, February 22nd. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. Vectren Corp had a return on equity of 12.16% and a net margin of 8.80%. The company had revenue of $699 million for the quarter, compared to the consensus estimate of $618.60 million. During the same quarter last year, the business posted $0.79 EPS. Vectren Corp’s quarterly revenue was up 15.7% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.94%. Vectren Corp’s payout ratio is presently 67.20%.

Several institutional investors have recently bought and sold shares of VVC. Norges Bank acquired a new position in Vectren Corp during the fourth quarter worth approximately $41,287,000. Assenagon Asset Management S.A. acquired a new position in Vectren Corp during the fourth quarter worth approximately $3,607,000. Thrivent Financial for Lutherans raised its position in Vectren Corp by 0.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 393,700 shares of the company’s stock worth $20,531,000 after buying an additional 1,210 shares during the last quarter. Archford Capital Strategies LLC raised its position in Vectren Corp by 3.9% in the fourth quarter. Archford Capital Strategies LLC now owns 14,379 shares of the company’s stock worth $749,000 after buying an additional 546 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Vectren Corp by 24.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,325 shares of the company’s stock worth $275,000 after buying an additional 1,037 shares during the last quarter. Institutional investors and hedge funds own 61.77% of the company’s stock.

Vectren Corp 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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