First Quadrant L P CA boosted its holdings in Vectren Corp (NYSE:VVC) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 594,581 shares of the utilities provider’s stock after purchasing an additional 30,866 shares during the quarter. Vectren comprises 0.7% of First Quadrant L P CA’s holdings, making the stock its 13th largest holding. First Quadrant L P CA’s holdings in Vectren were worth $38,660,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Boothbay Fund Management LLC bought a new stake in Vectren in the third quarter worth approximately $203,000. Bbva Compass Bancshares Inc. bought a new stake in Vectren in the third quarter worth approximately $206,000. Klingenstein Fields & Co. LLC bought a new stake in Vectren in the third quarter worth approximately $207,000. Cetera Advisor Networks LLC bought a new stake in Vectren in the third quarter worth approximately $212,000. Finally, Parsons Capital Management Inc. RI bought a new stake in Vectren in the third quarter worth approximately $213,000. Institutional investors and hedge funds own 64.04% of the company’s stock.

Several equities research analysts have recently commented on VVC shares. Zacks Investment Research upgraded Vectren from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Citigroup boosted their price objective on Vectren from $66.00 to $75.00 and gave the company a “buy” rating in a report on Monday, November 20th. ValuEngine downgraded Vectren from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Guggenheim downgraded Vectren from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Vectren presently has an average rating of “Hold” and an average price target of $70.00.

Vectren Corp (NYSE:VVC) traded up $0.37 during midday trading on Tuesday, hitting $60.81. The stock had a trading volume of 280,300 shares, compared to its average volume of 344,836. The company has a market capitalization of $5,016.66, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 3.58 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 quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The firm had revenue of $691.20 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.74 earnings per share. equities analysts expect that Vectren Corp will post 2.62 EPS for the current year.

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About Vectren

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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