Vectren (NYSE:VVC) Shares Sold by Hennessy Advisors Inc

The firm owned 17,139 shares of the utilities provider's stock after acquiring an additional 11,374 shares during the quarter. Aurora Investment Counsel acquired a new position in shares of Vectren during the fourth quarter worth approximately $1,136,000.

A number of institutional investors have recently made changes to their positions in the business. Dalton Greiner Hartman Maher & Co. increased its position in Vectren by 3.4% in the 4th quarter. BlackRock Inc. now owns 8,338,163 shares of the utilities provider's stock worth $542,147,000 after buying an additional 503,213 shares during the period. Vectren Corporation is given 0 buy-equivalent recommendations, 0 sells and 4 holds. Franklin Resources Inc. now owns 1,012,921 shares of the utilities provider's stock valued at $65,861,000 after purchasing an additional 75,168 shares during the period. During the same quarter previous year, the company earned $0.84 earnings per share. Victory Capital Management Inc. lifted its stake in shares of Vectren by 459.3% during the first quarter. Victory Capital Management Inc. now owns 40,495 shares of the utilities provider's stock worth $2,633,000 after acquiring an additional 4,552 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Vectren by 8.0% during the fourth quarter. Wells Fargo set a $58.00 price target on shares of Vectren and gave the company a "hold" rating in a research report on Tuesday, February 13th. Zacks Investment Research raised shares of Vectren from a hold rating to a buy rating and set a $70.00 price objective for the company in a report on Friday, March 30th. Finally, Bank of America restated a "neutral" rating on shares of Vectren in a report on Tuesday, February 27th.

Analysts on average have given a price target of $64.5 to Vectren Corporation (VVC) stock. The rating was upgraded by Mizuho to "Neutral" on Tuesday, January 23.

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Fastenal Company is maintained at an average outperform rating by 16 stock analysts, and there are at least 9.18% of shares outstanding that are now legally short sold. Citigroup cut shares of Vectren from a "buy" rating to a "neutral" rating and set a $72.00 price target on the a report on Wednesday, April 25th. Fort Washington Invest Advsrs Oh owns 0% invested in Vectren Corporation (NYSE:VVC) for 4,500 shs. The company has a market cap of $5,849.35, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 3.52 and a beta of 0.59.

This company shares (FAST) so far managed to recover 29% since collapsing to its 52-week low. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.61 and a quick ratio of 0.49.

Vectren Corporation (VVC) belonging to the Utilities sector has surged 0.1% and closed its last trading session at $70.19. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). The company had revenue of $658.40 million for the quarter, compared to analysts' expectations of $688.00 million. Vectren had a net margin of 8.33% and a return on equity of 11.94%.

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Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company's quarterly revenue was up 1.7% compared to the same quarter last year. research analysts anticipate that Vectren will post 2.86 EPS for the current year.

The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, May 1st. Stockholders of record on Tuesday, May 15th will be issued a dividend of $0.45 per share. The dividend has May 14, 2018 ex-date. This represents a $1.80 annualized dividend and a yield of 2.56%. Vectren's dividend payout ratio (DPR) is now 69.23%.

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