Vectren Corp(NYSE:VVC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $699.000M. Analysts estimated a revenue of $618.600M. The revenues were 13% above the estimates. Earnings per share were $0.84. The reported EPS was above estimates by 3.7%. Analysts had estimated an EPS of $0.81.
In a different note, On Dec 14, 2016, Citigroup said it Upgrades its rating on Vectren Corp. The shares have been rated ‘Buy’ by the firm.
Vectren Corp (VVC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.80% or 0.44 points. Due to strong positive momentum, the stock ended at $55.29, which is also near the day’s high of $55.41. The stock began the session at $54.94 and the volume stood at 2,87,044 shares. The 52-week high of the shares is $55.64 and the 52 week low is $44.08. The company has a current market capitalization of $4,582 M and it has 8,28,68,119 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Dec 16, 2015, Robert G Jones (director) purchased 98 shares at $40.74 per share price.
Vectren Corporation (Vectren) 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.