Valeo Financial Advisors LLC Acquires 2,269 Shares of Vectren Corp (VVC)

Valeo Financial Advisors LLC grew its holdings in Vectren Corp (NYSE:VVC) by 16.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,839 shares of the utilities provider’s stock after purchasing an additional 2,269 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Vectren were worth $1,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC boosted its stake in shares of Vectren by 22.5% in the second quarter. Parallel Advisors LLC now owns 4,156 shares of the utilities provider’s stock valued at $296,000 after purchasing an additional 763 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Vectren by 2.0% in the first quarter. Mason Street Advisors LLC now owns 41,708 shares of the utilities provider’s stock valued at $2,666,000 after purchasing an additional 816 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Vectren by 0.4% in the second quarter. Victory Capital Management Inc. now owns 227,318 shares of the utilities provider’s stock valued at $16,242,000 after purchasing an additional 835 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Vectren by 19.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,330 shares of the utilities provider’s stock valued at $341,000 after purchasing an additional 850 shares during the period. Finally, Field & Main Bank boosted its stake in shares of Vectren by 18.8% in the second quarter. Field & Main Bank now owns 5,850 shares of the utilities provider’s stock valued at $418,000 after purchasing an additional 925 shares during the period. 65.76% of the stock is owned by institutional investors and hedge funds.

NYSE VVC opened at $71.60 on Friday. 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 Corp has a one year low of $58.00 and a one year high of $71.74. The company has a market capitalization of $5.95 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 3.57 and a beta of 0.42.

Vectren (NYSE:VVC) last posted its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.05. The business had revenue of $644.00 million during the quarter, compared to analyst estimates of $688.00 million. Vectren had a net margin of 7.72% and a return on equity of 12.33%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. equities research analysts anticipate that Vectren Corp will post 2.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Wednesday, August 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $1.80 annualized dividend and a yield of 2.51%. Vectren’s dividend payout ratio (DPR) is 69.23%.

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

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