November 30, 2016 - By Ruchi Gupta · 0 Comments
Vectren Corp (NYSE:VVC) institutional sentiment decreased to 1 in Q2 2016. Its down -0.40, from 1.4 in 2016Q1. The ratio dived, as 137 active investment managers increased or opened new positions, while 98 cut down and sold their positions in Vectren Corp. The active investment managers in our partner’s database now own: 50.71 million shares, down from 54.05 million shares in 2016Q1. Also, the number of active investment managers holding Vectren Corp in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 16 Reduced: 82 Increased: 105 New Position: 32.
Vectren Corporation is an energy holding Company. The company has a market cap of $4.32 billion. The Firm segregates its activities into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. It has a 20.43 P/E ratio. The Company’s subsidiary, Vectren Utility Holdings, Inc. (Utility Holdings or VUHI), serves as the intermediate holding firm 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).
About 100 shares traded hands. Vectren Corp (NYSE:VVC) has risen 5.53% since April 27, 2016 and is uptrending. It has outperformed by 0.30% the S&P500.
Analysts await Vectren Corp (NYSE:VVC) to report earnings on February, 27. They expect $0.81 earnings per share, up 2.53% or $0.02 from last year’s $0.79 per share. VVC’s profit will be $93.74M for 11.52 P/E if the $0.81 EPS becomes a reality. After $0.74 actual earnings per share reported by Vectren Corp for the previous quarter, Wall Street now forecasts 9.46% EPS growth.
According to Zacks Investment Research, “Vectren Corp., through its regulated subsidiaries Indiana Gas and SIGECO, offers gas and/or electricity to customers in adjoining service areas that cover nearly two-thirds of Indiana. Vectren’s non-regulated subsidiaries currently offer energy-related products and services, including energy marketing, fiber-optic based communication services, and utility related services including materials management, debt collections, locating, meter reading and trenching services to customers throughout the surrounding region. (PRESS RELEASE)”
First Financial Corp In holds 2.53% of its portfolio in Vectren Corp for 82,870 shares. Huff W R Asset Management Co Llc De owns 45,325 shares or 2% of their US portfolio. Moreover, Lynch & Associates In has 1.74% invested in the company for 74,038 shares. The Indiana-based First Merchants Corp has invested 1.4% in the stock. Texan Capital Management, a Texas-based fund reported 57,298 shares.#img1#
Ratings analysis reveals 0 of Vectren Corp’s analysts are positive. Out of 2 Wall Street analysts rating Vectren Corp, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. VVC was included in 2 notes of analysts from September 5, 2015. As per Wednesday, July 27, the company rating was maintained by Citigroup. As per Saturday, September 5, the company rating was upgraded by Zacks.
Vectren Corporation (Vectren), incorporated on June 10, 1999, is an energy holding Company. The Firm segregates its activities 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 firm 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). The Company, through Vectren Enterprises Inc. (Enterprises), is involved in non-utility activities in two primary business areas: Infrastructure Services and Energy Services. Infrastructure Services provides underground pipeline construction and repair services. Energy Services provides energy performance contracting and sustainable infrastructure, such as renewables, distributed generation, and combined heat and power projects.
More recent Vectren Corp (NYSE:VVC) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 21, 2011. Also Streetinsider.com published the news titled: “Vectren Corp. (VVC) Tops Q3 EPS by 10c; Reaffirms” on November 03, 2016. Seekingalpha.com‘s news article titled: “Vectren Corp’s (VVC) CEO Carl Chapman on Q3 2016 Results – Earnings Call …” with publication date: November 06, 2016 was also an interesting one.
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By Ruchi Gupta