Vectren Corporation (NYSE:VVC) Experiences Heavier than Usual Trading Volume

A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold.

Technical traders often make a point of keeping an eye on the ATR or Average True Range of a particular equity.

A number of large investors have recently made changes to their positions in VVC.

Cypress Semiconductor Corporation (CY) surprised the stock market in its last reported earnings when it earned $0.21 a piece versus the consensus-estimated $0.16. Dynamic Technology Lab Private Ltd now owns 14,142 shares worth $826,000. Eqis Capital Management Inc. increased its stake in shares of Vectren Corporation by 0.6% in the second quarter. Amp Investors Limited holds 0% of its portfolio in Vectren Corp (NYSE:VVC) for 4,765 shares. World Asset Management Inc now owns 5,686 shares of the utilities provider's stock worth $333,000 after buying an additional 46 shares during the last quarter. Birch Hill Investment Advisors LLC acquired a new position in Vectren Corporation during the first quarter worth about $200,000. The institutional investor owned 6,626 shares of the utilities provider's stock after buying an additional 135 shares during the period. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.60, which implies that analysts are generally neutral in their outlook for VVC over the next year. BlackRock Inc. now owns 7,579,951 shares of the utilities provider's stock worth $444,258,000 after buying an additional 7,417,154 shares during the last quarter.

Want to see what other hedge funds are holding VVC? The company has a 50 day moving average of $59.71 and a 200-day moving average of $58.86.

Current levels places Vectren Corporation (NYSE:VVC)'s stock about -0.31% from the 50-day high and 15.97% away from the 50-day low. The 1-year high was reported on Aug, 22 by Barchart.com.

Vectren Corporation (NYSE:VVC) last released its quarterly earnings results on Thursday, August 3rd. Vectren Corporation had a return on equity of 12.65% and a net margin of 8.66%. The business had revenue of $630.70 million during the quarter, compared to the consensus estimate of $565.12 million. During the same period in the prior year, the company posted $0.39 earnings per share. The business's revenue for the quarter was up 18.2% compared to the same quarter a year ago. As of the last earnings report the EPS was $2.70 and is projected to be $2.62 for the current year with 82,978,000 shares now outstanding. The company also announced a dividend payable on Friday September 1st, 2017. The ex-dividend date will be Friday August 11th, 2017. This dividend amount will represent a yeild of $2.74. Vectren Corporation's dividend payout ratio is presently 62.22%. In that case, its shares would mark a 9.95% decline from the most recent price. The stock has "Hold" rating by Zacks on Saturday, September 5. Finally, Citigroup Inc. raised their price target on shares of Vectren Corporation from $58.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock.

The Company's sales have grown at an average annualized rate of about 1.00% during the past five years. If you are viewing this article on another domain, it was stolen and republished in violation of USA and global trademark & copyright law.

Vectren Corporation is an energy holding company. The Firm segregates its activities 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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