Headlines about Vectren (NYSE:VVC) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. 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 earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.9774270944248 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- Mid-Day Market Update: Dow Falls Over 1%; RF Industries Shares Spike Higher (feeds.benzinga.com)
- Vectren Selects Partner, Announces Location for 50 Megawatts of Renewable Energy in Southwestern Indiana (finance.yahoo.com)
- Vectren Corp (VVC) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Vectren Corp (VVC) Expected to Announce Earnings of $0.82 Per Share (americanbankingnews.com)
VVC has been the subject of a number of research reports. Citigroup increased their target price on shares of Vectren from $66.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Wells Fargo & Co set a $58.00 price objective on shares of Vectren and gave the company a “hold” rating in a report on Tuesday, February 13th. Guggenheim reiterated a “hold” rating and issued a $61.00 price objective on shares of Vectren in a report on Friday, February 23rd. Bank of America reiterated a “neutral” rating on shares of Vectren in a report on Tuesday, February 27th. Finally, ValuEngine lowered shares of Vectren from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Vectren currently has a consensus rating of “Hold” and a consensus price target of $64.75.
Vectren (NYSE:VVC) last issued its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). Vectren had a net margin of 8.13% and a return on equity of 11.91%. The business had revenue of $711.00 million during the quarter, compared to the consensus estimate of $620.00 million. During the same quarter last year, the business earned $0.84 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. analysts predict that Vectren will post 2.87 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.80 annualized dividend and a yield of 2.86%. Vectren’s payout ratio is 68.97%.
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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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