Geode Capital Management LLC Buys 12,198 Shares of Vectren Corp. (VVC)

Geode Capital Management LLC increased its stake in shares of Vectren Corp. (NYSE:VVC) by 2.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 528,008 shares of the company’s stock after buying an additional 12,198 shares during the period. Geode Capital Management LLC owned 0.64% of Vectren Corp. worth $26,696,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Manchester Capital Management LLC bought a new position in shares of Vectren Corp. during the first quarter valued at about $115,000. M&T Bank Corp bought a new position in shares of Vectren Corp. during the first quarter valued at about $200,000. IFP Advisors Inc boosted its position in shares of Vectren Corp. by 164.6% in the first quarter. IFP Advisors Inc now owns 5,702 shares of the company’s stock valued at $288,000 after buying an additional 3,547 shares during the last quarter. Investment Centers of America Inc. bought a new position in shares of Vectren Corp. during the first quarter valued at about $353,000. Finally, Raymond James Trust N.A. boosted its position in shares of Vectren Corp. by 39.0% in the first quarter. Raymond James Trust N.A. now owns 7,650 shares of the company’s stock valued at $386,000 after buying an additional 2,148 shares during the last quarter.

Shares of Vectren Corp. (NYSE:VVC) traded down 1.03% during midday trading on Wednesday, hitting $50.95. The stock had a trading volume of 326,665 shares. The company has a market cap of $4.22 billion and a P/E ratio of 22.36. Vectren Corp. has a one year low of $37.26 and a one year high of $53.33. The stock has a 50 day moving average of $51.72 and a 200-day moving average of $48.37.

Vectren Corp. (NYSE:VVC) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.11. During the same period in the prior year, the firm posted $0.69 EPS. The business earned $584.80 million during the quarter, compared to analysts’ expectations of $648.30 million. The company’s revenue for the quarter was down 17.2% on a year-over-year basis. Analysts forecast that Vectren Corp. will post $2.47 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. Citigroup Inc. lifted their price objective on Vectren Corp. from $44.00 to $53.00 and gave the company a “neutral” rating in a research note on Wednesday. Zacks Investment Research raised Vectren Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 16th. Finally, US Capital Advisors lowered Vectren Corp. from an “overweight” rating to a “hold” rating in a research report on Thursday, May 19th.

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).