Vectren Corporation (VVC) Short Interest Update

Vectren Corporation (NYSE:VVC) saw a large increase in short interest in September. As of September 29th, there was short interest totalling 1,016,032 shares, an increase of 63.4% from the September 15th total of 621,631 shares. Based on an average daily trading volume, of 387,625 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.2% of the shares of the stock are sold short.

Shares of Vectren Corporation (NYSE:VVC) opened at 66.78 on Tuesday. The stock’s 50 day moving average is $66.23 and its 200 day moving average is $61.61. The stock has a market capitalization of $5.54 billion, a PE ratio of 24.74 and a beta of 0.81. Vectren Corporation has a 12 month low of $46.52 and a 12 month high of $68.30.

Vectren Corporation (NYSE:VVC) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $630.70 million for the quarter, compared to the consensus estimate of $565.12 million. Vectren Corporation had a net margin of 8.66% and a return on equity of 12.65%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the firm posted $0.39 earnings per share. Analysts anticipate that Vectren Corporation will post $2.63 earnings per share for the current fiscal year.

In related news, Director Derrick Burks purchased 1,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were acquired at an average price of $65.60 per share, for a total transaction of $65,600.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at $65,600. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of Vectren Corporation by 1.4% in the second quarter. Arizona State Retirement System now owns 35,000 shares of the utilities provider’s stock worth $2,045,000 after buying an additional 500 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Vectren Corporation by 2.1% in the second quarter. Teacher Retirement System of Texas now owns 6,626 shares of the utilities provider’s stock worth $387,000 after buying an additional 135 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Vectren Corporation by 5.2% in the second quarter. Schroder Investment Management Group now owns 1,018,360 shares of the utilities provider’s stock worth $59,757,000 after buying an additional 50,768 shares in the last quarter. TD Asset Management Inc. lifted its stake in shares of Vectren Corporation by 5.7% in the second quarter. TD Asset Management Inc. now owns 8,551 shares of the utilities provider’s stock worth $500,000 after buying an additional 463 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. lifted its stake in shares of Vectren Corporation by 1.7% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 295,176 shares of the utilities provider’s stock worth $17,250,000 after buying an additional 4,972 shares in the last quarter. 63.11% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Vectren Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub upgraded shares of Vectren Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $65.50.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/17/vectren-corporation-vvc-short-interest-update.html.

Vectren Corporation Company Profile

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), s

Shares of Vectren Corporation (NYSE:VVC) opened at 66.78 on Tuesday. The stock’s 50 day moving average is $66.23 and its 200 day moving average is $61.61. The stock has a market capitalization of $5.54 billion, a PE ratio of 24.74 and a beta of 0.81. Vectren Corporation has a 12 month low of $46.52 and a 12 month high of $68.30.

Vectren Corporation (NYSE:VVC) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $630.70 million for the quarter, compared to the consensus estimate of $565.12 million. Vectren Corporation had a net margin of 8.66% and a return on equity of 12.65%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the firm posted $0.39 earnings per share. Analysts anticipate that Vectren Corporation will post $2.63 earnings per share for the current fiscal year.

In related news, Director Derrick Burks purchased 1,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were acquired at an average price of $65.60 per share, for a total transaction of $65,600.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at $65,600. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of Vectren Corporation by 1.4% in the second quarter. Arizona State Retirement System now owns 35,000 shares of the utilities provider’s stock worth $2,045,000 after buying an additional 500 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Vectren Corporation by 2.1% in the second quarter. Teacher Retirement System of Texas now owns 6,626 shares of the utilities provider’s stock worth $387,000 after buying an additional 135 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Vectren Corporation by 5.2% in the second quarter. Schroder Investment Management Group now owns 1,018,360 shares of the utilities provider’s stock worth $59,757,000 after buying an additional 50,768 shares in the last quarter. TD Asset Management Inc. lifted its stake in shares of Vectren Corporation by 5.7% in the second quarter. TD Asset Management Inc. now owns 8,551 shares of the utilities provider’s stock worth $500,000 after buying an additional 463 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. lifted its stake in shares of Vectren Corporation by 1.7% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 295,176 shares of the utilities provider’s stock worth $17,250,000 after buying an additional 4,972 shares in the last quarter. 63.11% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Vectren Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub upgraded shares of Vectren Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $65.50.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/17/vectren-corporation-vvc-short-interest-update.html.

Vectren Corporation Company Profile

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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