Great West Life Assurance Co. Can decreased its position in Vectren Corp (NYSE:VVC) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,539 shares of the utilities provider’s stock after selling 1,365 shares during the period. Great West Life Assurance Co. Can owned 0.06% of Vectren worth $3,466,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation bought a new position in Vectren in the second quarter valued at about $107,000. Signaturefd LLC bought a new position in Vectren in the first quarter valued at about $168,000. Cerebellum GP LLC bought a new position in Vectren in the second quarter valued at about $185,000. CIBC Asset Management Inc bought a new position in Vectren in the second quarter valued at about $204,000. Finally, Hayek Kallen Investment Management bought a new position in Vectren in the second quarter valued at about $211,000. Institutional investors and hedge funds own 64.87% of the company’s stock.
Vectren stock traded up $0.23 during mid-day trading on Friday, hitting $71.55. The stock had a trading volume of 311,559 shares, compared to its average volume of 655,905. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 3.56 and a beta of 0.42. Vectren Corp has a 12 month low of $58.00 and a 12 month high of $71.74. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 1.04.
Vectren (NYSE:VVC) last issued its earnings results on Wednesday, August 1st. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.05. Vectren had a return on equity of 12.33% and a net margin of 7.72%. The firm had revenue of $644.00 million for the quarter, compared to analysts’ expectations of $688.00 million. During the same quarter last year, the business earned $0.45 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that Vectren Corp will post 2.87 EPS for the current year.
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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