Aperio Group LLC Has $1.36 Million Position in Vectren Corporation (NYSE:VVC)
Aperio Group LLC lowered its stake in shares of Vectren Corporation (NYSE:VVC) by 23.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,335 shares of the utilities provider’s stock after selling 7,147 shares during the period. Aperio Group LLC’s holdings in Vectren Corporation were worth $1,364,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. FMR LLC bought a new stake in shares of Vectren Corporation during the fourth quarter valued at approximately $306,000. Teachers Advisors LLC raised its position in Vectren Corporation by 42.9% in the fourth quarter. Teachers Advisors LLC now owns 124,570 shares of the utilities provider’s stock valued at $6,496,000 after buying an additional 37,425 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in Vectren Corporation during the first quarter valued at $382,000. Louisiana State Employees Retirement System raised its position in Vectren Corporation by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 20,900 shares of the utilities provider’s stock valued at $1,225,000 after buying an additional 400 shares during the last quarter. Finally, First Financial Corp IN raised its position in Vectren Corporation by 4.2% in the first quarter. First Financial Corp IN now owns 84,007 shares of the utilities provider’s stock valued at $4,924,000 after buying an additional 3,374 shares during the last quarter. 64.57% of the stock is owned by institutional investors and hedge funds.
Vectren Corporation (NYSE VVC) traded down 1.00% on Friday, reaching $60.13. The company had a trading volume of 415,450 shares. The firm has a 50 day moving average price of $59.46 and a 200-day moving average price of $58.53. Vectren Corporation has a 12 month low of $46.52 and a 12 month high of $62.79. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 22.28 and a beta of 0.81.
Vectren Corporation (NYSE:VVC) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $630.70 million for the quarter, compared to analyst estimates of $565.12 million. Vectren Corporation had a return on equity of 12.65% and a net margin of 8.66%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. Analysts forecast that Vectren Corporation will post $2.62 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, August 11th. This represents a $1.68 annualized dividend and a yield of 2.79%. Vectren Corporation’s dividend payout ratio is presently 62.22%.
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VVC has been the topic of several recent analyst reports. Citigroup Inc. upped their price target on Vectren Corporation from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. BidaskClub raised Vectren Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Zacks Investment Research raised Vectren Corporation from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $65.50.
About Vectren Corporation
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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