Teacher Retirement System of Texas increased its stake in Vectren Corp. (NYSE:VVC) by 13.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,575 shares of the company’s stock after buying an additional 1,407 shares during the period. Teacher Retirement System of Texas’ holdings in Vectren Corp. were worth $610,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Vectren Corp. by 5.7% in the first quarter. State Street Corp now owns 5,377,295 shares of the company’s stock valued at $271,878,000 after buying an additional 290,807 shares during the period. BlackRock Fund Advisors boosted its position in Vectren Corp. by 1.7% in the first quarter. BlackRock Fund Advisors now owns 2,857,174 shares of the company’s stock valued at $144,459,000 after buying an additional 47,440 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Vectren Corp. by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,431,859 shares of the company’s stock valued at $122,955,000 after buying an additional 10,953 shares in the last quarter. Schroder Investment Management Group boosted its position in Vectren Corp. by 10.9% in the second quarter. Schroder Investment Management Group now owns 891,900 shares of the company’s stock valued at $46,976,000 after buying an additional 87,819 shares in the last quarter. Finally, Norges Bank acquired a new position in Vectren Corp. during the fourth quarter valued at $33,584,000. 62.91% of the stock is currently owned by institutional investors and hedge funds.
Vectren Corp. (NYSE:VVC) traded up 0.28% during mid-day trading on Friday, reaching $50.20. The company had a trading volume of 512,667 shares. The firm has a market capitalization of $4.16 billion, a PE ratio of 22.45 and a beta of 0.57. The stock’s 50-day moving average price is $49.88 and its 200 day moving average price is $50.32. Vectren Corp. has a 52 week low of $39.43 and a 52 week high of $53.33.
Vectren Corp. (NYSE:VVC) last announced its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.04. The company had revenue of $533.70 million for the quarter, compared to the consensus estimate of $585.40 million. Vectren Corp. had a net margin of 8.06% and a return on equity of 10.99%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. On average, equities research analysts predict that Vectren Corp. will post $2.47 EPS for the current year.
Several research firms have recently weighed in on VVC. Zacks Investment Research upgraded Vectren Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, June 16th. Citigroup Inc. upped their price objective on Vectren Corp. from $44.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th.
Vectren Corp. 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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