Tower Research Capital LLC TRC boosted its stake in shares of Vectren Corp (NYSE:VVC) by 933.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,582 shares of the utilities provider’s stock after purchasing an additional 8,655 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Vectren were worth $685,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Zions Bancorporation acquired a new position in Vectren during the 2nd quarter valued at approximately $107,000. Centaurus Financial Inc. acquired a new position in Vectren during the 2nd quarter valued at approximately $163,000. First Hawaiian Bank acquired a new position in Vectren during the 3rd quarter valued at approximately $173,000. CIBC Asset Management Inc acquired a new position in Vectren during the 2nd quarter valued at approximately $204,000. Finally, Segall Bryant & Hamill LLC acquired a new position in Vectren during the 2nd quarter valued at approximately $212,000. Institutional investors and hedge funds own 64.38% of the company’s stock.

Shares of VVC stock opened at $71.82 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. Vectren Corp has a 1 year low of $58.00 and a 1 year high of $71.96. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 3.58 and a beta of 0.39.

Vectren (NYSE:VVC) last announced its quarterly earnings results on Monday, November 5th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.13). Vectren had a return on equity of 12.10% and a net margin of 7.37%. The business had revenue of $665.00 million for the quarter, compared to analyst estimates of $707.00 million. During the same quarter last year, the firm posted $0.75 EPS. The company’s revenue was down 3.8% compared to the same quarter last year. Equities analysts expect that Vectren Corp will post 2.87 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Wednesday, November 14th. This is a positive change from Vectren’s previous quarterly dividend of $0.45. Vectren’s payout ratio is 73.85%.

Separately, Zacks Investment Research lowered Vectren from a “hold” rating to a “sell” rating in a research report on Friday, November 30th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $66.00.

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Vectren Profile

Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company offers natural gas distribution and transportation services, and electric transmission and distribution services; and owns and operates coal-fired, natural gas or oil-fired, and landfill gas electric generating facilities with an installed generating capacity of 1,248 megawatts.

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Institutional Ownership by Quarter for Vectren (NYSE:VVC)

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