Duff Phelps Investment Management Co buys $77,006,336 stake in Vectren Corp (VVC)

Vectren Corp (VVC) : Duff Phelps Investment Management Co scooped up 36,225 additional shares in Vectren Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 1,591,040 shares of Vectren Corp which is valued at $77,006,336.Vectren Corp makes up approximately 1.11% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in VVC by selling 140 shares or 1.78% in the most recent quarter. The Hedge Fund company now holds 7,726 shares of VVC which is valued at $364,204. Vectren Corp makes up approx 0.01% of Capstone Asset Management Co’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in VVC by selling 10,125 shares or 44.65% in the most recent quarter. The Hedge Fund company now holds 12,550 shares of VVC which is valued at $601,020. Vectren Corp makes up approx 0.11% of First Financial Bank N.a. – Trust Division’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in VVC by selling 30,340 shares or 71.08% in the most recent quarter. The Hedge Fund company now holds 12,346 shares of VVC which is valued at $588,040.

Vectren Corp (VVC) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $48.21 and reached the intraday high at $48.7. The bulls started the profit booking and pushed the shares to intraday low of $48.03. The trading session was marked by a volume range of 2,28,629 shares exchanging hands. The 52-week high of the shares is $53.33 and the 52-week low is $39.4335. The market cap of the company stands at $4,009 M and there are 8,28,35,860 shares in public circulation.

On the company’s financial health, Vectren Corp reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.43. The company had revenue of $533.70 million for the quarter, compared to analysts expectations of $516.97 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.

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.

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