Published On: Mon, May 9th, 2016
Uncategorized | By Sylvia Delisle

Vectren Corporation (NASDAQ:VVC) To Release Earnings

Analysts await Vectren Corporation (NASDAQ:VVC) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $0.66 EPS, down 4.55% or $0.03 from last year’s $0.69 per share.

At the moment 6 analysts are watching Vectren Corporation (NASDAQ:VVC), 0 rate it “Buy”, 1 “Outperform”, 4 “Underperform”, 1 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Jun-16, 1 analyst has a mean sales target of 558.10 million. For the quarter ending Sep-16, 1 analyst has a mean sales target of 638.00 million whilst for the year ending Dec-16, 4 analysts have a mean target of 2,588.38 million.

In terms of earnings per share, 4 analysts have a 0.43 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 4 analysts have a 0.59 EPS mean target and for the quarter ending Sep-16 there are 6 estimates of 2.51 EPS.

The biggest institutional shareholders in Vectren Corporation include Vanguard Group Inc which owns 7 million shares in the company valued at $300.97 million. State Street Corp is the second biggest holder with 5 million shares currently valued at 215.77 million whilst BlackRock Fund Advisors has 3 million shares valued at 119.19 million.

Total shares held by institutions as of the most recent company filings are 51,933,069 with a reported 1,508,845 bought and 4,112,147 sold. These holdings make up 62.69% of the company’s outstanding shares.

Currently insiders hold 296,314 shares in the business which makes up 0.36% of shares. The biggest holder currently is Carl L. Chapman who owns 49,811 shares (0.06% of those outstanding), whilst Jerome A. Benkert,Jr holds 47,001 (0.06% of shares outstanding) and Niel C. Ellerbrook holds 35,409 (0.04% of shares outstanding).

The stock increased 0.12% or $0.06 during the last trading session, hitting $49.86. Vectren Corporation (NASDAQ:VVC) has risen 17.27% over the past 6 months and is uptrending.

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