Duff & Phelps Investment Management Co. Decreases Holdings in Vectren Corp (VVC)

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Duff & Phelps Investment Management Co. decreased its position in Vectren Corp (NYSE:VVC) by 51.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 585,000 shares of the utilities provider’s stock after selling 631,500 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Vectren were worth $41,822,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VVC. Strs Ohio increased its holdings in shares of Vectren by 18.6% during the third quarter. Strs Ohio now owns 6,870 shares of the utilities provider’s stock valued at $491,000 after acquiring an additional 1,075 shares in the last quarter. Oakbrook Investments LLC increased its holdings in shares of Vectren by 33.4% during the third quarter. Oakbrook Investments LLC now owns 5,190 shares of the utilities provider’s stock valued at $371,000 after acquiring an additional 1,300 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Vectren by 14.7% during the third quarter. Nisa Investment Advisors LLC now owns 64,020 shares of the utilities provider’s stock valued at $4,577,000 after acquiring an additional 8,200 shares in the last quarter. First Hawaiian Bank bought a new position in shares of Vectren during the third quarter valued at $173,000. Finally, State of Alaska Department of Revenue increased its holdings in shares of Vectren by 19.9% during the third quarter. State of Alaska Department of Revenue now owns 66,601 shares of the utilities provider’s stock valued at $4,760,000 after acquiring an additional 11,041 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

Shares of NYSE:VVC opened at $71.53 on Tuesday. Vectren Corp has a 1-year low of $58.00 and a 1-year 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. The firm has a market cap of $5.95 billion, a PE ratio of 27.51, a P/E/G ratio of 3.57 and a beta of 0.42.

Vectren (NYSE:VVC) last issued its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.56 earnings per share for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $688.00 million. During the same period last year, the company earned $0.45 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that Vectren Corp will post 2.87 EPS for the current fiscal year.

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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