FY2015 EPS Estimates for Vectren Corp (VVC) Cut by Analyst
Vectren Corp (NYSE:VVC) – Equities researchers at KeyBanc lowered their FY2015 EPS estimates for Vectren Corp in a report issued on Wednesday, according to Zacks Investment Research. KeyBanc analyst M. Tucker now anticipates that the firm will post earnings per share of $2.22 for the year, down from their prior estimate of $2.26. The consensus estimate for Vectren Corp’s FY2015 earnings is $2.32 per share. KeyBanc also issued estimates for Vectren Corp’s Q4 2015 earnings at $0.62 EPS and FY2016 earnings at $2.46 EPS.
Vectren Corp (NYSE:VVC) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.14. The business earned $573.50 million during the quarter, compared to analyst estimates of $596.25 million. During the same period in the previous year, the company earned $0.57 EPS.
Separately, Zacks Investment Research downgraded Vectren Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 28th.
Vectren Corp (NYSE:VVC) opened at 40.73 on Friday. The stock has a market cap of $3.37 billion and a PE ratio of 17.86. The firm’s 50-day moving average price is $41.72 and its 200 day moving average price is $41.87. Vectren Corp has a 12-month low of $37.26 and a 12-month high of $49.41.
A hedge fund recently raised its stake in Vectren Corp stock. Benjamin F. Edwards & Company increased its position in Vectren Corp (NYSE:VVC) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,349 shares of the company’s stock after buying an additional 200 shares during the period. Benjamin F. Edwards & Company’s holdings in Vectren Corp were worth $821,000 as of its most recent SEC filing.
Vectren Corporation (NYSE:VVC) is an energy holding Company. The Company segregates its operations into groups, including Utility Group and Nonutility Group. The Company’s wholly owned subsidiary, Vectren Utility Holdings, Inc. (Utility Holdings), 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). The Company, through Vectren Enterprises Inc. (Enterprises), is involved in non-utility activities in two primary business areas: Infrastructure Services and Energy Services. Infrastructure Services provides underground pipeline construction and repair services. Energy Services provides energy performance contracting and sustainable infrastructure.

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