The Manufacturers Life Insurance Company lifted its position in Vectren Corporation (NYSE:VVC) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,096,786 shares of the utilities provider’s stock after acquiring an additional 2,112 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 1.32% of Vectren Corporation worth $64,097,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Sei Investments Co. lifted its position in 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 buying an additional 329 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in Vectren Corporation by 3.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,371 shares of the utilities provider’s stock worth $139,000 after buying an additional 75 shares in the last quarter. Global X Management Co. LLC lifted its position in Vectren Corporation by 220.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,630 shares of the utilities provider’s stock worth $154,000 after buying an additional 1,810 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Vectren Corporation by 12.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,993 shares of the utilities provider’s stock worth $175,000 after buying an additional 331 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in Vectren Corporation by 2.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,518 shares of the utilities provider’s stock worth $206,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 63.11% of the company’s stock.

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VVC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Vectren Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Vectren Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $65.50.

In related news, Director Derrick Burks purchased 1,000 shares of Vectren Corporation stock in a transaction dated Thursday, September 28th. The stock was bought at an average price of $65.60 per share, for a total transaction of $65,600.00. Following the completion of the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at $65,600. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Vectren Corporation (VVC) traded up 0.53% during midday trading on Wednesday, reaching $66.73. 88,035 shares of the company’s stock were exchanged. Vectren Corporation has a 1-year low of $46.52 and a 1-year high of $68.30. The stock has a market cap of $5.54 billion, a P/E ratio of 24.72 and a beta of 0.81. The firm’s 50-day moving average is $66.20 and its 200 day moving average is $61.42.

Vectren Corporation (NYSE:VVC) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ 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 quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. Equities analysts anticipate that Vectren Corporation will post $2.63 earnings per share for the current fiscal year.

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).

Institutional Ownership by Quarter for Vectren Corporation (NYSE:VVC)

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