Vectren (VVC) Shares Bought by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. grew its stake in Vectren (NYSE:VVC) by 35.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,212 shares of the utilities provider’s stock after acquiring an additional 1,636 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Vectren were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in VVC. BlackRock Inc. raised its stake in shares of Vectren by 6.4% in the fourth quarter. BlackRock Inc. now owns 8,338,163 shares of the utilities provider’s stock worth $542,147,000 after acquiring an additional 503,213 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Vectren by 90.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,041,443 shares of the utilities provider’s stock worth $67,715,000 after acquiring an additional 493,212 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Vectren by 193.3% in the fourth quarter. Wells Fargo & Company MN now owns 370,336 shares of the utilities provider’s stock worth $24,078,000 after acquiring an additional 244,084 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of Vectren by 419.0% in the fourth quarter. APG Asset Management N.V. now owns 215,400 shares of the utilities provider’s stock worth $11,663,000 after acquiring an additional 173,900 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Vectren by 249.3% in the fourth quarter. Allianz Asset Management GmbH now owns 231,606 shares of the utilities provider’s stock worth $15,059,000 after acquiring an additional 165,307 shares during the last quarter. 64.14% of the stock is owned by institutional investors.

How to Become a New Pot Stock Millionaire

VVC opened at $65.60 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 0.94. The company has a market cap of $5,447.42, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 3.61 and a beta of 0.59. Vectren has a fifty-two week low of $57.48 and a fifty-two week high of $69.86.

Vectren (NYSE:VVC) last posted its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.02). The business had revenue of $711.00 million for the quarter, compared to the consensus estimate of $620.00 million. Vectren had a return on equity of 11.91% and a net margin of 8.13%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. equities research analysts anticipate that Vectren will post 2.87 earnings per share for the current fiscal year.

VVC has been the subject of a number of research analyst reports. Wells Fargo set a $58.00 target price on shares of Vectren and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Guggenheim reissued a “hold” rating and set a $61.00 price target on shares of Vectren in a research note on Friday, February 23rd. Bank of America reissued a “neutral” rating on shares of Vectren in a research note on Tuesday, February 27th. Finally, Zacks Investment Research raised shares of Vectren from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Thursday, March 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Vectren currently has an average rating of “Hold” and a consensus price target of $66.50.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3342776/vectren-vvc-shares-bought-by-ladenburg-thalmann-financial-services-inc.html.

Vectren Company 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.

Institutional Ownership by Quarter for Vectren (NYSE:VVC)

Receive News & Ratings for Vectren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vectren and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Contrasting Yandex  and Its Rivals
Contrasting Yandex and Its Rivals
Helios and Matheson Analytics  versus Donnelley Financial Solns  Critical Comparison
Helios and Matheson Analytics versus Donnelley Financial Solns Critical Comparison
Reviewing Celsius  and National Beverage
Reviewing Celsius and National Beverage
$0.64 Earnings Per Share Expected for Bell Canada  This Quarter
$0.64 Earnings Per Share Expected for Bell Canada This Quarter
Zacks: Analysts Anticipate American Railcar Industries  to Post $0.59 EPS
Zacks: Analysts Anticipate American Railcar Industries to Post $0.59 EPS
Dorman Products, Inc.  Expected to Post Quarterly Sales of $234.39 Million
Dorman Products, Inc. Expected to Post Quarterly Sales of $234.39 Million


Leave a Reply

© 2006-2018 Ticker Report. Google+.