News coverage about Vectren Corporation (NYSE:VVC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Vectren Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 46.9665426625034 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Vectren Corporation (VVC) Price Target Increased to $75.00 by Analysts at Citigroup Inc. (americanbankingnews.com)
- Vectren Corp. : VVC-US: Dividend Analysis : November 15th, 2017 (record date) : By the numbers : November 14, 2017 (finance.yahoo.com)
- Vectren Corp. – Value Analysis (NYSE:VVC) : November 14, 2017 (finance.yahoo.com)
- Brokerages Anticipate Vectren Corporation (VVC) to Post $0.80 Earnings Per Share (americanbankingnews.com)
- VECTREN CORP : ex-dividend day (4-traders.com)
Several analysts have weighed in on VVC shares. Zacks Investment Research downgraded shares of Vectren Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Citigroup Inc. boosted their price target on shares of Vectren Corporation from $66.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday. Finally, BidaskClub upgraded shares of Vectren Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Vectren Corporation presently has an average rating of “Buy” and a consensus target price of $70.00.
Vectren Corporation (NYSE:VVC) traded up $0.16 during mid-day trading on Monday, hitting $66.75. 363,128 shares of the company’s stock were exchanged, compared to its average volume of 388,594. Vectren Corporation has a 12-month low of $47.93 and a 12-month high of $68.84. The stock has a market capitalization of $5,540.00, a PE ratio of 24.57, a price-to-earnings-growth ratio of 4.49 and a beta of 0.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.70 and a quick ratio of 0.55.
Vectren Corporation (NYSE:VVC) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. Vectren Corporation had a net margin of 8.49% and a return on equity of 12.51%. The firm had revenue of $691.20 million for the quarter, compared to analysts’ expectations of $615.00 million. During the same quarter in the previous year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. research analysts expect that Vectren Corporation will post 2.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.70%. This is a boost from Vectren Corporation’s previous quarterly dividend of $0.42. Vectren Corporation’s payout ratio is currently 66.42%.
In related news, Director Derrick Burks purchased 1,000 shares of Vectren Corporation stock in a transaction that occurred on Thursday, September 28th. The shares were bought at an average price of $65.60 per share, for a total transaction of $65,600.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $65,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by insiders.
About Vectren Corporation
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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