Citigroup lowered shares of Vectren (NYSE:VVC) from a buy rating to a neutral rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. Citigroup currently has $72.00 price objective on the utilities provider’s stock.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Vectren from a hold rating to a buy rating and set a $71.00 target price for the company in a research note on Thursday, March 22nd. Guggenheim reiterated a hold rating and set a $61.00 price target on shares of Vectren in a report on Friday, February 23rd. Wells Fargo set a $58.00 price target on shares of Vectren and gave the company a hold rating in a report on Tuesday, February 13th. Finally, Bank of America reiterated a neutral rating on shares of Vectren in a report on Tuesday, February 27th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $66.00.

Shares of NYSE VVC opened at $70.44 on Wednesday. Vectren has a fifty-two week low of $57.48 and a fifty-two week high of $70.73. The company has a market cap of $5,812.81, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 3.49 and a beta of 0.59. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 0.94.

Vectren (NYSE:VVC) last announced its earnings results on Tuesday, February 20th. The utilities provider reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.02). Vectren had a net margin of 8.13% and a return on equity of 11.91%. The business had revenue of $711.00 million for the quarter, compared to the consensus estimate of $620.00 million. During the same period in the prior year, the business posted $0.84 EPS. Vectren’s revenue for the quarter was up 1.7% on a year-over-year basis. sell-side analysts anticipate that Vectren will post 2.86 EPS for the current year.

Several large investors have recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of Vectren by 13.6% during the fourth quarter. IFP Advisors Inc now owns 7,800 shares of the utilities provider’s stock valued at $507,000 after buying an additional 934 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Vectren by 6.1% during the fourth quarter. Amalgamated Bank now owns 16,820 shares of the utilities provider’s stock valued at $1,094,000 after buying an additional 961 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Vectren by 6.0% during the fourth quarter. LPL Financial LLC now owns 17,391 shares of the utilities provider’s stock valued at $1,131,000 after buying an additional 981 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Vectren by 16.4% during the fourth quarter. Private Advisor Group LLC now owns 7,297 shares of the utilities provider’s stock valued at $354,000 after buying an additional 1,027 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of Vectren by 14.7% during the fourth quarter. Advisor Group Inc. now owns 8,158 shares of the utilities provider’s stock valued at $531,000 after buying an additional 1,043 shares during the last quarter. Hedge funds and other institutional investors own 63.96% of the company’s stock.

Vectren Company Profile

Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company offers natural gas distribution and transportation services, and electric transmission and distribution services; and owns and operates coal-fired, natural gas or oil-fired, and landfill gas electric generating facilities with an installed generating capacity of 1,248 megawatts.

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