Teachers Advisors LLC Purchases 14,065 Shares of Vectren Corporation (VVC)
Teachers Advisors LLC increased its position in shares of Vectren Corporation (NYSE:VVC) by 10.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 148,187 shares of the utilities provider’s stock after buying an additional 14,065 shares during the period. Teachers Advisors LLC owned about 0.18% of Vectren Corporation worth $8,660,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC increased its stake in shares of Vectren Corporation by 112.7% during the second quarter. Riverhead Capital Management LLC now owns 12,825 shares of the utilities provider’s stock worth $749,000 after buying an additional 6,795 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Vectren Corporation during the second quarter worth approximately $281,000. Martingale Asset Management L P increased its stake in shares of Vectren Corporation by 11.0% during the second quarter. Martingale Asset Management L P now owns 504,930 shares of the utilities provider’s stock worth $29,509,000 after buying an additional 50,129 shares during the period. Eaton Vance Management increased its stake in shares of Vectren Corporation by 42.3% during the second quarter. Eaton Vance Management now owns 11,271 shares of the utilities provider’s stock worth $659,000 after buying an additional 3,351 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of Vectren Corporation by 5.2% during the second quarter. Schroder Investment Management Group now owns 1,018,360 shares of the utilities provider’s stock worth $59,757,000 after buying an additional 50,768 shares during the period. Hedge funds and other institutional investors own 63.11% of the company’s stock.
In other Vectren Corporation news, Director Derrick Burks acquired 1,000 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were bought at an average cost of $65.60 per share, for a total transaction of $65,600.00. Following the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at $65,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by insiders.
VVC has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Vectren Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub upgraded shares of Vectren Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $65.50.
Vectren Corporation (NYSE VVC) opened at 66.19 on Thursday. Vectren Corporation has a 52 week low of $46.52 and a 52 week high of $68.30. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 24.52 and a beta of 0.81. The firm has a 50-day moving average of $65.63 and a 200 day moving average of $61.16.
Vectren Corporation (NYSE:VVC) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. Vectren Corporation had a return on equity of 12.65% and a net margin of 8.66%. The company had revenue of $630.70 million for the quarter, compared to the consensus estimate of $565.12 million. During the same period in the previous year, the business earned $0.39 EPS. Vectren Corporation’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts anticipate that Vectren Corporation will post $2.63 EPS for the current year.
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About Vectren Corporation
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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