Media coverage about Vectren (NYSE:VVC) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Vectren earned a news impact score of 0.11 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 45.9774270944248 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Mid-Day Market Update: Dow Falls Over 1%; RF Industries Shares Spike Higher (feeds.benzinga.com)
- Vectren Selects Partner, Announces Location for 50 Megawatts of Renewable Energy in Southwestern Indiana (finance.yahoo.com)
- Vectren Corp (VVC) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Vectren Corp (VVC) Expected to Announce Earnings of $0.82 Per Share (americanbankingnews.com)
Several research firms have recently weighed in on VVC. Bank of America reissued a “neutral” rating on shares of Vectren in a report on Tuesday, February 27th. Guggenheim reissued a “hold” rating and set a $61.00 price objective on shares of Vectren in a report on Friday, February 23rd. Wells Fargo & Co set a $58.00 price objective on shares of Vectren and gave the company a “hold” rating in a report on Tuesday, February 13th. ValuEngine cut shares of Vectren from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Citigroup boosted their target price on shares of Vectren from $66.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Vectren has an average rating of “Hold” and an average price target of $64.75.
Shares of Vectren (NYSE VVC) traded up $1.98 during midday trading on Wednesday, reaching $62.95. 857,309 shares of the company traded hands, compared to its average volume of 504,952. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.72 and a quick ratio of 0.59. The company has a market capitalization of $5,053.00, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. Vectren has a 12 month low of $56.36 and a 12 month high of $69.86.
Vectren (NYSE:VVC) last announced its earnings results on Tuesday, February 20th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the 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 quarter last year, the firm posted $0.84 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. analysts predict that Vectren will post 2.87 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Wednesday, February 14th. Vectren’s dividend payout ratio is currently 68.97%.
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Vectren 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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