Robeco Institutional Asset Management B.V. Purchases 9,908 Shares of Vectren Corporation (VVC)
Robeco Institutional Asset Management B.V. boosted its stake in shares of Vectren Corporation (NYSE:VVC) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,061 shares of the utilities provider’s stock after buying an additional 9,908 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.41% of Vectren Corporation worth $19,872,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sei Investments Co. increased its position in Vectren Corporation by 20.0% in the first quarter. Sei Investments Co. now owns 1,973 shares of the utilities provider’s stock valued at $115,000 after buying an additional 329 shares in the last quarter. Global X Management Co. LLC increased its position in Vectren Corporation by 220.7% in the second quarter. Global X Management Co. LLC now owns 2,630 shares of the utilities provider’s stock valued at $154,000 after buying an additional 1,810 shares in the last quarter. Birch Hill Investment Advisors LLC purchased a new position in Vectren Corporation during the first quarter valued at approximately $200,000. Stratos Wealth Partners LTD. purchased a new position in Vectren Corporation during the first quarter valued at approximately $201,000. Finally, Oakbrook Investments LLC increased its position in Vectren Corporation by 2.0% in the second quarter. Oakbrook Investments LLC now owns 3,540 shares of the utilities provider’s stock valued at $207,000 after buying an additional 70 shares in the last quarter. 63.82% of the stock is owned by hedge funds and other institutional investors.
Shares of Vectren Corporation (NYSE:VVC) opened at 66.89 on Monday. The firm has a 50 day moving average price of $60.60 and a 200-day moving average price of $59.13. The firm has a market capitalization of $5.55 billion, a P/E ratio of 24.78 and a beta of 0.81. Vectren Corporation has a 52 week low of $46.52 and a 52 week high of $67.17.
Vectren Corporation (NYSE:VVC) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Vectren Corporation had a return on equity of 12.65% and a net margin of 8.66%. The business had revenue of $630.70 million during the quarter, compared to analyst estimates of $565.12 million. During the same period last year, the company earned $0.39 earnings per share. Vectren Corporation’s quarterly revenue was up 18.2% compared to the same quarter last year. Equities research analysts predict that Vectren Corporation will post $2.62 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.68 annualized dividend and a dividend yield of 2.51%. Vectren Corporation’s dividend payout ratio is 62.22%.
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Several research analysts recently commented on the company. Zacks Investment Research raised Vectren Corporation from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub raised Vectren Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Citigroup Inc. increased their price objective on Vectren Corporation from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $65.50.
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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