Benjamin F. Edwards & Company Inc. lowered its position in shares of Vectren Corp (NYSE:VVC) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,216 shares of the utilities provider’s stock after selling 1,800 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Vectren were worth $1,054,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Vectren by 29.1% during the fourth quarter. Creative Planning now owns 10,585 shares of the utilities provider’s stock valued at $688,000 after acquiring an additional 2,389 shares during the period. North Star Investment Management Corp. raised its holdings in shares of Vectren by 269.0% during the fourth quarter. North Star Investment Management Corp. now owns 9,225 shares of the utilities provider’s stock valued at $600,000 after acquiring an additional 6,725 shares during the period. Dalton Greiner Hartman Maher & Co. raised its holdings in shares of Vectren by 3.4% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 307,877 shares of the utilities provider’s stock valued at $20,018,000 after acquiring an additional 10,015 shares during the period. Aurora Investment Counsel acquired a new stake in shares of Vectren during the fourth quarter valued at approximately $1,136,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Vectren during the third quarter valued at approximately $214,000. Institutional investors and hedge funds own 63.99% of the company’s stock.
A number of equities research analysts have recently issued reports on VVC shares. Citigroup boosted their price target on shares of Vectren from $66.00 to $75.00 and gave the company a “buy” rating in a report on Monday, November 20th. Zacks Investment Research upgraded shares of Vectren from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. ValuEngine lowered shares of Vectren from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Guggenheim lowered shares of Vectren from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $70.00.
Vectren (NYSE:VVC) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The firm had revenue of $691.20 million for the quarter, compared to analyst estimates of $615.00 million. Vectren had a net margin of 8.49% and a return on equity of 12.51%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 EPS. equities research analysts expect that Vectren Corp will post 2.62 earnings per share for the current year.
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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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