Archford Capital Strategies LLC Sells 867 Shares of Vectren Corp (VVC)

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Archford Capital Strategies LLC lowered its position in Vectren Corp (NYSE:VVC) by 6.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,314 shares of the utilities provider’s stock after selling 867 shares during the period. Archford Capital Strategies LLC’s holdings in Vectren were worth $951,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Parallel Advisors LLC raised its position 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 worth $296,000 after acquiring an additional 763 shares during the period. Mason Street Advisors LLC raised its position in shares of Vectren by 2.0% during the 1st quarter. Mason Street Advisors LLC now owns 41,708 shares of the utilities provider’s stock worth $2,666,000 after purchasing an additional 816 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Vectren by 0.4% during the 2nd quarter. Victory Capital Management Inc. now owns 227,318 shares of the utilities provider’s stock worth $16,242,000 after purchasing an additional 835 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Vectren by 19.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,330 shares of the utilities provider’s stock worth $341,000 after purchasing an additional 850 shares during the last quarter. Finally, Field & Main Bank raised its position in shares of Vectren by 18.8% during the 2nd quarter. Field & Main Bank now owns 5,850 shares of the utilities provider’s stock worth $418,000 after purchasing an additional 925 shares during the last quarter. Institutional investors and hedge funds own 65.76% of the company’s stock.

VVC opened at $71.61 on Friday. Vectren Corp has a twelve month low of $58.00 and a twelve month high of $71.74. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.71 and a quick ratio of 0.58. The stock has a market cap of $5.92 billion, a P/E ratio of 27.49, a P/E/G ratio of 3.55 and a beta of 0.42.

Vectren (NYSE:VVC) last released its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.05. Vectren had a net margin of 7.72% and a return on equity of 12.33%. The firm had revenue of $644.00 million during the quarter, compared to the consensus estimate of $688.00 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. sell-side analysts expect that Vectren Corp will post 2.87 earnings per share for the current fiscal year.

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

About Vectren

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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