North Star Investment Management Corp. boosted its stake in shares of Vectren Corp (NYSE:VVC) by 269.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,225 shares of the utilities provider’s stock after acquiring an additional 6,725 shares during the quarter. North Star Investment Management Corp.’s holdings in Vectren were worth $600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of VVC. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Vectren by 12.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,993 shares of the utilities provider’s stock valued at $175,000 after buying an additional 331 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of Vectren during the third quarter valued at approximately $203,000. Bbva Compass Bancshares Inc. bought a new position in shares of Vectren during the third quarter valued at approximately $206,000. Klingenstein Fields & Co. LLC bought a new position in shares of Vectren during the third quarter valued at approximately $207,000. Finally, Cetera Advisor Networks LLC bought a new position in shares of Vectren during the third quarter valued at approximately $212,000. 63.96% of the stock is currently owned by institutional investors.

Vectren Corp (NYSE:VVC) opened at $60.92 on Friday. The company has a market capitalization of $5,060.00, a P/E ratio of 22.48, a PEG ratio of 3.70 and a beta of 0.83. Vectren Corp has a 52 week low of $53.65 and a 52 week high of $69.86. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.55 and a current ratio of 0.70.

Vectren (NYSE:VVC) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The firm had revenue of $691.20 million for the quarter, compared to analysts’ expectations of $615.00 million. Vectren had a return on equity of 12.51% and a net margin of 8.49%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. sell-side analysts forecast that Vectren Corp will post 2.62 EPS for the current year.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Vectren from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Guggenheim cut Vectren from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. ValuEngine cut Vectren from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Citigroup upped their target price on Vectren from $66.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Vectren currently has a consensus rating of “Hold” and an average price target of $70.00.

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Vectren 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 (NYSE:VVC)

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