Brokerages Set Vectren Corp (VVC) Price Target at $63.67

Share on StockTwits

Vectren Corp (NYSE:VVC) has been given an average recommendation of “Hold” by the six analysts that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have covered the stock in the last year is $63.67.

Separately, Zacks Investment Research upgraded shares of Vectren from a “sell” rating to a “hold” rating in a research report on Saturday.

VVC stock opened at $71.60 on Friday. Vectren has a 12 month low of $58.00 and a 12 month high of $71.96. The firm has a market capitalization of $5.97 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 3.58 and a beta of 0.38. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 1.06.

Vectren (NYSE:VVC) last released its quarterly earnings results on Monday, November 5th. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.13). Vectren had a net margin of 7.37% and a return on equity of 12.10%. The business had revenue of $665.00 million during the quarter, compared to analysts’ expectations of $707.00 million. During the same quarter last year, the company earned $0.75 EPS. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Vectren will post 2.87 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be given a $0.48 dividend. This is an increase from Vectren’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.92 annualized dividend and a yield of 2.68%. Vectren’s dividend payout ratio is 73.85%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation acquired a new position in Vectren in the 2nd quarter valued at $107,000. Virtus ETF Advisers LLC acquired a new position in Vectren in the 3rd quarter valued at $140,000. Centaurus Financial Inc. acquired a new position in Vectren in the 2nd quarter valued at $163,000. First Hawaiian Bank acquired a new position in Vectren in the 3rd quarter valued at $173,000. Finally, CIBC Asset Management Inc acquired a new position in Vectren in the 2nd quarter valued at $204,000. Hedge funds and other institutional investors own 65.70% of the company’s stock.

About Vectren

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.

Read More: What is the float in trading stocks?

Receive News & Ratings for Vectren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vectren and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.