M&T Bank Corp Trims Position in Vectren Corp (VVC)

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M&T Bank Corp cut its position in shares of Vectren Corp (NYSE:VVC) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,971 shares of the utilities provider’s stock after selling 650 shares during the quarter. M&T Bank Corp’s holdings in Vectren were worth $502,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. raised its holdings in Vectren by 0.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 15,825 shares of the utilities provider’s stock worth $1,139,000 after purchasing an additional 144 shares during the last quarter. GWM Advisors LLC increased its position in Vectren by 5.2% during the fourth quarter. GWM Advisors LLC now owns 6,424 shares of the utilities provider’s stock worth $462,000 after buying an additional 315 shares in the last quarter. Retirement Systems of Alabama increased its position in Vectren by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 107,720 shares of the utilities provider’s stock worth $7,754,000 after buying an additional 353 shares in the last quarter. Sound Income Strategies LLC increased its position in Vectren by 50,000.0% during the fourth quarter. Sound Income Strategies LLC now owns 501 shares of the utilities provider’s stock worth $36,000 after buying an additional 500 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Vectren by 1.1% during the fourth quarter. Arizona State Retirement System now owns 59,630 shares of the utilities provider’s stock worth $4,292,000 after buying an additional 638 shares in the last quarter. 52.83% of the stock is owned by hedge funds and other institutional investors.

Vectren stock opened at $72.38 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 3.95 and a beta of 0.33. Vectren Corp has a fifty-two week low of $58.00 and a fifty-two week high of $72.40.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 14th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, February 13th. Vectren’s payout ratio is 73.85%.

Separately, Zacks Investment Research downgraded Vectren from a “hold” rating to a “sell” rating in a research report on Friday, November 30th.

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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.

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Institutional Ownership by Quarter for Vectren (NYSE:VVC)

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