California Public Employees Retirement System trimmed its stake in shares of Vectren Corporation (NYSE:VVC) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 213,100 shares of the utilities provider’s stock after selling 4,900 shares during the period. California Public Employees Retirement System owned about 0.26% of Vectren Corporation worth $12,454,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in VVC. Russell Investments Group Ltd. lifted its holdings in shares of Vectren Corporation by 11.7% during the first quarter. Russell Investments Group Ltd. now owns 43,505 shares of the utilities provider’s stock valued at $2,550,000 after purchasing an additional 4,552 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Vectren Corporation by 117.5% during the first quarter. Wells Fargo & Company MN now owns 73,057 shares of the utilities provider’s stock valued at $4,282,000 after purchasing an additional 39,474 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Vectren Corporation by 30.7% during the first quarter. UBS Asset Management Americas Inc. now owns 65,187 shares of the utilities provider’s stock valued at $3,821,000 after purchasing an additional 15,310 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Vectren Corporation by 20.0% during the first quarter. Sei Investments Co. now owns 1,973 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 329 shares during the last quarter. Finally, TD Asset Management Inc. lifted its holdings in shares of Vectren Corporation by 28.1% during the first quarter. TD Asset Management Inc. now owns 8,088 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 1,776 shares during the last quarter. 63.11% of the stock is owned by institutional investors and hedge funds.

Shares of Vectren Corporation (NYSE VVC) opened at 66.19 on Thursday. Vectren Corporation has a 52 week low of $46.52 and a 52 week high of $68.30. The stock has a market capitalization of $5.49 billion, a P/E ratio of 24.52 and a beta of 0.81. The company has a 50-day moving average price of $65.63 and a 200 day moving average price of $61.16.

Vectren Corporation (NYSE:VVC) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. 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 analysts’ expectations of $565.12 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. Analysts forecast that Vectren Corporation will post $2.63 earnings per share for the current fiscal year.

In related news, Director Derrick Burks acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was acquired at an average cost of $65.60 per share, with a total value of $65,600.00. Following the completion of the purchase, the director now directly owns 1,000 shares in the company, valued at $65,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by insiders.

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Several equities research analysts have recently commented on the company. Zacks Investment Research raised Vectren Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub raised Vectren Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $65.50.

Vectren Corporation Profile

Vectren Corporation (Vectren) is an energy holding company. The Company segregates its operations 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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Institutional Ownership by Quarter for Vectren Corporation (NYSE:VVC)

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