Revenue Update on Vectren Corp(NYSE:VVC)

Vectren Corp(NYSE:VVC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $533.70M. Analysts estimated a revenue of $585.40M. Earnings per share were $0.39. Analysts had estimated an EPS of $0.43.

In a different note, On Jul 27, 2016, Citigroup said it Maintains its rating on Vectren Corp. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Neutral’ by the firm.

Vectren Corp (VVC) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.12% at a volume of 2,07,534. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $51.02. The peak price level was also seen at $51.02 while the days lowest was $50.36. Finally the shares closed at $50.56. The 52-week high of the shares is $53.33 while the 52-week low is $37.26. According to the latest information available, the market cap of the company is $4,188 M.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Vectren Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Vectren Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.