TIAA CREF Investment Management LLC boosted its stake in Vectren Corporation (NYSE:VVC) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 196,942 shares of the utilities provider’s stock after purchasing an additional 5,278 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.24% of Vectren Corporation worth $11,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VVC. BlackRock Inc. increased its holdings in Vectren Corporation by 4,556.1% in the first quarter. BlackRock Inc. now owns 7,579,951 shares of the utilities provider’s stock valued at $444,258,000 after purchasing an additional 7,417,154 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Vectren Corporation by 119.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,190,162 shares of the utilities provider’s stock valued at $69,755,000 after purchasing an additional 647,315 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Vectren Corporation by 86.4% in the second quarter. Principal Financial Group Inc. now owns 1,320,557 shares of the utilities provider’s stock valued at $77,173,000 after purchasing an additional 612,201 shares during the last quarter. Vanguard Group Inc. increased its holdings in Vectren Corporation by 3.9% in the first quarter. Vanguard Group Inc. now owns 7,370,537 shares of the utilities provider’s stock valued at $431,988,000 after purchasing an additional 276,427 shares during the last quarter. Finally, James Investment Research Inc. increased its holdings in Vectren Corporation by 362.9% in the second quarter. James Investment Research Inc. now owns 185,455 shares of the utilities provider’s stock valued at $10,838,000 after purchasing an additional 145,393 shares during the last quarter. Institutional investors and hedge funds own 63.11% of the company’s stock.

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A number of research firms recently commented on VVC. BidaskClub upgraded Vectren Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research downgraded Vectren Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $65.50.

Shares of Vectren Corporation (NYSE:VVC) opened at 66.19 on Thursday. Vectren Corporation has a 12-month low of $46.52 and a 12-month high of $68.30. The company has a market cap of $5.49 billion, a P/E ratio of 24.52 and a beta of 0.81. The company has a 50-day moving average price of $65.63 and a 200-day moving average price of $61.16.

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

In related news, Director Derrick Burks bought 1,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were purchased at an average cost of $65.60 per share, with a total value of $65,600.00. Following the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $65,600. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by insiders.

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).

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

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