Donaldson Capital Management LLC Has $2.84 Million Stake in Vectren Corporation (VVC)
Donaldson Capital Management LLC lessened its stake in shares of Vectren Corporation (NYSE:VVC) by 14.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,137 shares of the utilities provider’s stock after selling 7,041 shares during the period. Donaldson Capital Management LLC owned 0.05% of Vectren Corporation worth $2,837,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Vectren Corporation by 3.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,371 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 75 shares during the period. Global X Management Co. LLC raised its holdings in shares of Vectren Corporation by 220.7% during the 2nd quarter. Global X Management Co. LLC now owns 2,630 shares of the utilities provider’s stock worth $154,000 after acquiring an additional 1,810 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Vectren Corporation by 12.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,993 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 331 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of Vectren Corporation by 2.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,518 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 84 shares during the period. Finally, Bbva Compass Bancshares Inc. purchased a new position in shares of Vectren Corporation during the 3rd quarter worth $206,000. Institutional investors and hedge funds own 62.60% of the company’s stock.
Shares of Vectren Corporation (NYSE:VVC) traded up $0.56 during trading hours on Friday, hitting $67.35. The company had a trading volume of 372,000 shares, compared to its average volume of 388,806. The company has a quick ratio of 0.55, a current ratio of 0.70 and a debt-to-equity ratio of 0.90. The firm has a market cap of $5,530.00, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 4.50 and a beta of 0.84. Vectren Corporation has a 1 year low of $47.44 and a 1 year high of $68.84.
Vectren Corporation (NYSE:VVC) last issued its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The firm had revenue of $691.20 million during the quarter, compared to the consensus estimate of $615.00 million. Vectren Corporation had a return on equity of 12.51% and a net margin of 8.49%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. sell-side analysts expect that Vectren Corporation will post 2.62 EPS for the current year.
The firm also recently disclosed 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.67%. This is an increase from Vectren Corporation’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 14th. Vectren Corporation’s dividend payout ratio (DPR) is presently 66.42%.
In other Vectren Corporation news, Director Derrick Burks acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was purchased at an average cost of $65.60 per share, with a total value of $65,600.00. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at $65,600. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by company insiders.
Several research firms have recently commented on VVC. Zacks Investment Research upgraded Vectren Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub upgraded Vectren Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $65.50.
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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