Vident Investment Advisory LLC lessened its stake in shares of Vectren Corp (NYSE:VVC) by 17.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,780 shares of the utilities provider’s stock after selling 1,918 shares during the quarter. Vident Investment Advisory LLC’s holdings in Vectren were worth $627,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation acquired a new stake in Vectren in the second quarter valued at $107,000. Cerebellum GP LLC acquired a new stake in shares of Vectren during the second quarter valued at $185,000. CIBC Asset Management Inc acquired a new stake in shares of Vectren during the second quarter valued at $204,000. Hayek Kallen Investment Management acquired a new stake in shares of Vectren during the second quarter valued at $211,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Vectren during the second quarter valued at $212,000. Institutional investors and hedge funds own 64.87% of the company’s stock.
Shares of VVC traded up $0.14 during trading hours on Friday, reaching $71.46. 654,379 shares of the company traded hands, compared to its average volume of 653,295. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 1.04. The firm has a market cap of $5.94 billion, a P/E ratio of 27.48, a PEG ratio of 3.56 and a beta of 0.42. Vectren Corp has a fifty-two week low of $58.00 and a fifty-two week high of $71.74.
Vectren Company Profile
Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company offers natural gas distribution and transportation services, and electric transmission and distribution services; and owns and operates coal-fired, natural gas or oil-fired, and landfill gas electric generating facilities with an installed generating capacity of 1,248 megawatts.
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