Shares of Vectren Corporation (NYSE:VVC) have earned an average broker rating score of 2.86 (Hold) from the seven brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a strong buy recommendation to the company.

Brokers have set a twelve-month consensus target price of $56.33 for the company and are anticipating that the company will post $0.67 EPS for the current quarter, according to Zacks. Zacks has also assigned Vectren Corporation an industry rank of 79 out of 265 based on the ratings given to its competitors.

A number of brokerages have recently issued reports on VVC. Zacks Investment Research raised Vectren Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. BidaskClub cut Vectren Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Citigroup Inc. raised their price objective on Vectren Corporation from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th.

Several hedge funds have recently bought and sold shares of the company. Eqis Capital Management Inc. boosted its stake in Vectren Corporation by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 3,921 shares of the utilities provider’s stock valued at $229,000 after buying an additional 25 shares during the last quarter. World Asset Management Inc boosted its stake in Vectren Corporation by 0.8% in the first quarter. World Asset Management Inc now owns 5,686 shares of the utilities provider’s stock valued at $333,000 after buying an additional 46 shares during the last quarter. FormulaFolio Investments LLC boosted its stake in Vectren Corporation by 0.9% in the first quarter. FormulaFolio Investments LLC now owns 6,329 shares of the utilities provider’s stock valued at $371,000 after buying an additional 55 shares during the last quarter. Oakbrook Investments LLC boosted its stake in Vectren Corporation by 2.0% in the second quarter. Oakbrook Investments LLC now owns 3,540 shares of the utilities provider’s stock valued at $207,000 after buying an additional 70 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in Vectren Corporation by 3.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,371 shares of the utilities provider’s stock valued at $139,000 after buying an additional 75 shares during the last quarter. 64.57% of the stock is currently owned by institutional investors.

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Vectren Corporation (VVC) traded down 0.64% during midday trading on Friday, hitting $61.02. The company’s stock had a trading volume of 291,476 shares. Vectren Corporation has a 52-week low of $46.52 and a 52-week high of $62.79. The company has a market cap of $5.06 billion, a PE ratio of 23.11 and a beta of 0.81. The stock has a 50 day moving average of $59.48 and a 200 day moving average of $58.30.

Vectren Corporation (NYSE:VVC) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. Vectren Corporation had a return on equity of 12.65% and a net margin of 8.66%. The firm had revenue of $630.70 million for the quarter, compared to analysts’ expectations of $565.12 million. During the same period last year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities analysts expect that Vectren Corporation will post $2.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.68 annualized dividend and a dividend yield of 2.75%. Vectren Corporation’s payout ratio is presently 62.22%.

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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