Vectren Corp (VVC) Shares Bought by AMP Capital Investors Ltd

AMP Capital Investors Ltd increased its holdings in Vectren Corp (NYSE:VVC) by 41.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,209 shares of the utilities provider’s stock after buying an additional 6,244 shares during the period. AMP Capital Investors Ltd’s holdings in Vectren were worth $1,395,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VVC. Russell Investments Group Ltd. grew its stake in shares of Vectren by 9.5% during the second quarter. Russell Investments Group Ltd. now owns 47,638 shares of the utilities provider’s stock valued at $2,785,000 after buying an additional 4,133 shares during the last quarter. Sei Investments Co. grew its stake in shares of Vectren by 674.3% during the second quarter. Sei Investments Co. now owns 15,276 shares of the utilities provider’s stock valued at $893,000 after buying an additional 13,303 shares during the last quarter. TD Asset Management Inc. grew its stake in shares of Vectren by 5.7% during the second quarter. TD Asset Management Inc. now owns 8,551 shares of the utilities provider’s stock valued at $500,000 after buying an additional 463 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of Vectren by 220.7% during the second quarter. Global X Management Co. LLC now owns 2,630 shares of the utilities provider’s stock valued at $154,000 after buying an additional 1,810 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Vectren by 2.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 380,002 shares of the utilities provider’s stock worth $22,208,000 after purchasing an additional 7,367 shares during the last quarter. Institutional investors own 63.96% of the company’s stock.

Vectren Corp (NYSE:VVC) traded down $0.18 during mid-day trading on Friday, hitting $60.92. 250,442 shares of the stock traded hands, compared to its average volume of 375,267. Vectren Corp has a 1 year low of $53.65 and a 1 year high of $69.86. The stock has a market capitalization of $5,060.00, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 3.70 and a beta of 0.83. The company has a quick ratio of 0.55, a current ratio of 0.70 and a debt-to-equity ratio of 0.90.

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

Several analysts recently issued reports on the company. 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 report on Friday, December 1st. Citigroup lifted their price objective on Vectren from $66.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Finally, Zacks Investment Research raised Vectren from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $70.00.

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Vectren 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).

Institutional Ownership by Quarter for Vectren (NYSE:VVC)

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