Martingale Asset Management L P boosted its holdings in Vectren Corporation (NYSE:VVC) by 11.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 504,930 shares of the utilities provider’s stock after purchasing an additional 50,129 shares during the period. Martingale Asset Management L P owned about 0.61% of Vectren Corporation worth $29,509,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Eaton Vance Management boosted its holdings in Vectren Corporation by 42.3% in the second quarter. Eaton Vance Management now owns 11,271 shares of the utilities provider’s stock valued at $659,000 after purchasing an additional 3,351 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Vectren Corporation by 5.2% in the second quarter. Schroder Investment Management Group now owns 1,018,360 shares of the utilities provider’s stock valued at $59,757,000 after purchasing an additional 50,768 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Vectren Corporation by 76.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 239,298 shares of the utilities provider’s stock valued at $13,985,000 after purchasing an additional 103,412 shares during the last quarter. State of Tennessee Treasury Department boosted its holdings in Vectren Corporation by 61.2% in the second quarter. State of Tennessee Treasury Department now owns 70,000 shares of the utilities provider’s stock valued at $4,091,000 after purchasing an additional 26,564 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Vectren Corporation by 0.9% in the second quarter. Swiss National Bank now owns 138,400 shares of the utilities provider’s stock valued at $8,088,000 after purchasing an additional 1,300 shares during the last quarter. 63.83% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts recently commented on the company. Zacks Investment Research raised Vectren Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 25th. BidaskClub raised Vectren Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $65.50.

Shares of Vectren Corporation (NYSE VVC) traded up 0.28% on Friday, reaching $67.28. The company had a trading volume of 329,783 shares. The company has a 50-day moving average price of $62.64 and a 200-day moving average price of $59.86. Vectren Corporation has a 52-week low of $46.52 and a 52-week high of $67.39. The firm has a market capitalization of $5.58 billion, a PE ratio of 24.93 and a beta of 0.81.

Vectren Corporation (NYSE:VVC) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the 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 quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. Equities research analysts forecast that Vectren Corporation will post $2.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Friday, August 11th. Vectren Corporation’s payout ratio is currently 62.22%.

Vectren Corporation 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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Institutional Ownership by Quarter for Vectren Corporation (NYSE:VVC)

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