Short Interest in Vectren Corp (VVC) Grows By 55.6%
Vectren Corp (NYSE:VVC) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 922,140 shares, an increase of 55.6% from the November 30th total of 592,791 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily volume of 323,648 shares, the days-to-cover ratio is currently 2.8 days.
Shares of Vectren (NYSE:VVC) opened at $62.63 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.70 and a quick ratio of 0.55. Vectren has a 12 month low of $52.02 and a 12 month high of $69.86. The company has a market cap of $5,200.00, a price-to-earnings ratio of 23.11, a PEG ratio of 3.70 and a beta of 0.83.
Vectren (NYSE:VVC) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $615.00 million. During the same period in the prior year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. sell-side analysts anticipate that Vectren will post 2.62 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted its position in shares of Vectren by 3.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,371 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 75 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Vectren by 12.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,993 shares of the utilities provider’s stock valued at $175,000 after acquiring an additional 331 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Vectren during the 3rd quarter valued at $203,000. Bbva Compass Bancshares Inc. acquired a new position in shares of Vectren during the 3rd quarter valued at $206,000. Finally, Klingenstein Fields & Co. LLC acquired a new position in shares of Vectren during the 3rd quarter valued at $207,000. 63.96% of the stock is currently owned by institutional investors.
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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