Vectren Corporation (NYSE:VVC) Given $56.33 Average Target Price by Analysts
Vectren Corporation (NYSE:VVC) has been assigned an average broker rating score of 2.86 (Hold) from the seven analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a strong buy recommendation to the company.
Analysts have set a twelve-month consensus price target of $56.33 for the company and are predicting that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also given Vectren Corporation an industry rank of 82 out of 265 based on the ratings given to related companies.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Vectren Corporation from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Thursday. BidaskClub cut shares of Vectren Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday. Finally, Citigroup Inc. lifted their target price on shares of Vectren Corporation from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th.
Shares of Vectren Corporation (NYSE VVC) traded up 0.83% during trading on Tuesday, hitting $58.54. 235,054 shares of the stock traded hands. Vectren Corporation has a 12 month low of $46.52 and a 12 month high of $62.79. The company has a 50 day moving average price of $60.59 and a 200 day moving average price of $57.17. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 22.17 and a beta of 0.81.
Vectren Corporation (NYSE:VVC) last posted its quarterly earnings data on Monday, May 8th. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. Vectren Corporation had a net margin of 8.79% and a return on equity of 12.51%. The business had revenue of $624.50 million for the quarter, compared to analyst estimates of $595.84 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Vectren Corporation’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts anticipate that Vectren Corporation will post $2.62 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. raised its position in Vectren Corporation by 20.0% in the first quarter. Sei Investments Co. now owns 1,973 shares of the utilities provider’s stock worth $115,000 after buying an additional 329 shares during the last quarter. Birch Hill Investment Advisors LLC purchased a new position in Vectren Corporation during the first quarter worth $200,000. Stratos Wealth Partners LTD. purchased a new position in Vectren Corporation during the first quarter worth $201,000. GW Henssler & Associates Ltd. purchased a new position in Vectren Corporation during the first quarter worth $202,000. Finally, HighTower Advisors LLC purchased a new position in Vectren Corporation during the first quarter worth $213,000. 64.46% of the stock is owned by institutional investors and hedge funds.
Vectren Corporation 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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