Shares of Vectren Corp. (NYSE:VVC) have earned an average broker rating score of 3.17 (Hold) from the six analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company.

Brokerages have set a 12-month consensus price objective of $49.50 for the company and are forecasting that the company will post $0.64 EPS for the current quarter, according to Zacks. Zacks has also assigned Vectren Corp. an industry rank of 110 out of 265 based on the ratings given to its competitors.

Several analysts have recently issued reports on VVC shares. Zacks Investment Research raised shares of Vectren Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Citigroup Inc. boosted their price target on shares of Vectren Corp. from $44.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th.

Hedge funds have recently bought and sold shares of the company. Mason Street Advisors LLC purchased a new stake in Vectren Corp. during the second quarter valued at about $1,989,000. Public Employees Retirement System of Ohio boosted its stake in Vectren Corp. by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 31,980 shares of the company’s stock valued at $1,684,000 after buying an additional 192 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Vectren Corp. by 4.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 294,751 shares of the company’s stock valued at $15,525,000 after buying an additional 12,374 shares in the last quarter. Stifel Financial Corp boosted its stake in Vectren Corp. by 4.3% in the second quarter. Stifel Financial Corp now owns 51,987 shares of the company’s stock valued at $2,739,000 after buying an additional 2,134 shares in the last quarter. Finally, Arvest Bank Trust Division purchased a new stake in Vectren Corp. during the second quarter valued at about $297,000. Institutional investors and hedge funds own 62.91% of the company’s stock.

Vectren Corp. (NYSE:VVC) opened at 51.49 on Monday. The stock has a 50 day moving average of $49.86 and a 200 day moving average of $50.20. Vectren Corp. has a one year low of $39.43 and a one year high of $53.33. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 23.03 and a beta of 0.57.

Vectren Corp. (NYSE:VVC) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.04. Vectren Corp. had a net margin of 8.06% and a return on equity of 10.99%. The business earned $533.70 million during the quarter, compared to the consensus estimate of $585.40 million. During the same period last year, the firm earned $0.43 EPS. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts predict that Vectren Corp. will post $2.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Thursday, August 11th. Vectren Corp.’s dividend payout ratio is presently 71.43%.

Vectren Corp. 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).

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