Vectren Corporation (VVC) Given Daily Coverage Optimism Score of 0.20
Media headlines about Vectren Corporation (NYSE:VVC) have been trending somewhat positive on Monday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vectren Corporation earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.3556915701038 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Analysts Set $61.50 Price Target for Vectren Corporation (VVC) (americanbankingnews.com)
- Vectren Corporation (VVC) Given $61.50 Consensus Target Price by Analysts (americanbankingnews.com)
- Electricity Scrum Set to Resume in Ohio Legislature (industrialinfo.com)
- Monday 10/2 Insider Buying Report: GHY, VVC (nasdaq.com)
VVC has been the subject of a number of research reports. BidaskClub raised shares of Vectren Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of Vectren Corporation from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Thursday, July 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $65.50.
Shares of Vectren Corporation (NYSE:VVC) opened at 65.80 on Monday. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 24.38 and a beta of 0.81. The company has a 50-day moving average of $65.92 and a 200-day moving average of $61.26. Vectren Corporation has a 1-year low of $46.52 and a 1-year high of $68.30.
Vectren Corporation (NYSE:VVC) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.45 EPS for the quarter, topping the Zacks’ 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 business had revenue of $630.70 million during the quarter, compared to the consensus estimate of $565.12 million. During the same period in the previous year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities research analysts expect that Vectren Corporation will post $2.63 EPS for the current fiscal year.
In related news, Director Derrick Burks acquired 1,000 shares of the stock in a transaction dated Thursday, September 28th. The stock was acquired at an average cost of $65.60 per share, with a total value of $65,600.00. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at approximately $65,600. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.
Vectren Corporation 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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