Vectren Corporation (VVC) Shares Bought by Horizon Investment Services LLC
Horizon Investment Services LLC raised its holdings in Vectren Corporation (NYSE:VVC) by 7.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,884 shares of the utilities provider’s stock after acquiring an additional 1,070 shares during the quarter. Horizon Investment Services LLC’s holdings in Vectren Corporation were worth $928,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of VVC. Russell Investments Group Ltd. grew its stake in shares of Vectren Corporation by 11.7% in the 1st quarter. Russell Investments Group Ltd. now owns 43,505 shares of the utilities provider’s stock worth $2,550,000 after purchasing an additional 4,552 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Vectren Corporation by 117.5% in the 1st quarter. Wells Fargo & Company MN now owns 73,057 shares of the utilities provider’s stock worth $4,282,000 after purchasing an additional 39,474 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Vectren Corporation by 30.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 65,187 shares of the utilities provider’s stock worth $3,821,000 after purchasing an additional 15,310 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Vectren Corporation by 20.0% in the 1st quarter. Sei Investments Co. now owns 1,973 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 329 shares in the last quarter. Finally, TD Asset Management Inc. raised its holdings in shares of Vectren Corporation by 28.1% in the 1st quarter. TD Asset Management Inc. now owns 8,088 shares of the utilities provider’s stock worth $474,000 after purchasing an additional 1,776 shares in the last quarter. 63.11% of the stock is owned by institutional investors.
Several research firms recently commented on VVC. BidaskClub raised shares of Vectren Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Vectren Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Vectren Corporation currently has a consensus rating of “Buy” and an average price target of $65.50.
Shares of Vectren Corporation (NYSE VVC) traded down 0.280% during trading on Wednesday, hitting $65.925. The company had a trading volume of 85,991 shares. Vectren Corporation has a 12-month low of $46.52 and a 12-month high of $68.30. The stock has a market cap of $5.47 billion, a PE ratio of 24.426 and a beta of 0.81. The firm has a 50 day moving average of $65.47 and a 200 day moving average of $61.13.
Vectren Corporation (NYSE:VVC) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. The company had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $565.12 million. Vectren Corporation had a net margin of 8.66% and a return on equity of 12.65%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. On average, analysts forecast that Vectren Corporation will post $2.63 earnings per share for the current fiscal year.
In related news, Director Derrick Burks purchased 1,000 shares of Vectren Corporation stock in a transaction dated Thursday, September 28th. The shares were acquired at an average cost of $65.60 per share, for a total transaction of $65,600.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $65,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by company insiders.
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Vectren Corporation 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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