Russell Investments Group Ltd. raised its holdings in shares of Vectren Corporation (NYSE:VVC) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,035 shares of the utilities provider’s stock after acquiring an additional 2,397 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Vectren worth $3,291,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Vectren by 0.3% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 5,315 shares of the utilities provider’s stock valued at $311,000 after buying an additional 15 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Vectren by 3.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,371 shares of the utilities provider’s stock valued at $139,000 after buying an additional 75 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Vectren by 1.4% during the 2nd quarter. M&T Bank Corp now owns 5,747 shares of the utilities provider’s stock valued at $337,000 after buying an additional 78 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Vectren by 0.6% during the 2nd quarter. Suntrust Banks Inc. now owns 16,418 shares of the utilities provider’s stock valued at $959,000 after buying an additional 90 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Vectren by 2.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 6,626 shares of the utilities provider’s stock valued at $387,000 after buying an additional 135 shares during the last quarter. 63.99% of the stock is currently owned by institutional investors.

In related news, Director Derrick Burks bought 1,000 shares of Vectren stock in a transaction that occurred on Thursday, September 28th. The stock was purchased at an average cost of $65.60 per share, for a total transaction of $65,600.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at $65,600. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by insiders.

Several equities research analysts have recently issued reports on VVC shares. Citigroup lifted their price target on Vectren from $66.00 to $75.00 and gave the company a “buy” rating in a report on Monday, November 20th. BidaskClub upgraded Vectren from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. ValuEngine lowered Vectren from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research upgraded Vectren from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Vectren currently has a consensus rating of “Buy” and a consensus price target of $70.00.

Vectren Corporation (VVC) traded up $0.62 on Monday, reaching $67.63. The company had a trading volume of 1,058,200 shares, compared to its average volume of 382,267. Vectren Corporation has a 12-month low of $51.50 and a 12-month high of $69.86. The company has a current ratio of 0.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.90. The firm has a market cap of $5,614.26, a price-to-earnings ratio of 24.96, a P/E/G ratio of 4.31 and a beta of 0.83.

Vectren (NYSE:VVC) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. Vectren had a return on equity of 12.51% and a net margin of 8.49%. The firm had revenue of $691.20 million during the quarter, compared to analyst estimates of $615.00 million. During the same period in the previous year, the company earned $0.74 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. research analysts expect that Vectren Corporation will post 2.62 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a $0.45 dividend. This is a positive change from Vectren’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Tuesday, November 14th. Vectren’s payout ratio is 66.42%.

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Vectren 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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Institutional Ownership by Quarter for Vectren (NYSE:VVC)

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