Could Vectren Corporation (NYSE:VVC) See a Reversal After Less Sellers Came In?

June 14, 2018 - By Bradley Stiles

Vectren Corporation (NYSE:VVC) Logo

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.30, from 1.18 in 2017Q4. It turned negative, as 34 investors sold Vectren Corporation shares while 110 reduced holdings. 43 funds opened positions while 83 raised stakes. 54.35 million shares or 4.88% more from 51.82 million shares in 2017Q4 were reported.
Capital Fund Mgmt holds 5,800 shares. M&R Cap accumulated 370 shares. Peddock Capital Advsrs Limited Liability reported 546 shares or 0.02% of all its holdings. Renaissance Technologies Ltd Liability Company invested in 1.36 million shares. Comerica Financial Bank invested in 162,024 shares or 0.08% of the stock. Point72 Asset Mgmt L P accumulated 55,700 shares. 14,072 were reported by Profund Ltd Co. State Treasurer State Of Michigan, a Michigan-based fund reported 71,460 shares. 68,835 were reported by Bancorp Of Montreal Can. Boothbay Fund Mgmt Ltd Co reported 13,450 shares stake. Retirement Of Alabama reported 107,396 shares. Illinois-based Prudential Public Ltd Co has invested 0% in Vectren Corporation (NYSE:VVC). Vantage Advsrs Ltd Liability accumulated 428 shares or 0.01% of the stock. Moreover, Fifth Third Comml Bank has 0.07% invested in Vectren Corporation (NYSE:VVC) for 152,651 shares. Teacher Retirement Sys Of Texas holds 0.01% or 18,372 shares in its portfolio.

The stock of Vectren Corporation (NYSE:VVC) registered a decrease of 18.79% in short interest. VVC’s total short interest was 1.55M shares in June as published by FINRA. Its down 18.79% from 1.90M shares, reported previously. With 1.95 million shares average volume, it will take short sellers 1 days to cover their VVC’s short positions. The short interest to Vectren Corporation’s float is 1.87%.

The stock increased 0.07% or $0.05 during the last trading session, reaching $70.81. About 494,558 shares traded. Vectren Corporation (NYSE:VVC) has risen 13.44% since June 14, 2017 and is uptrending. It has outperformed by 0.87% the S&P500.

Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company has market cap of $5.88 billion. The firm offers natural gas distribution and transportation services, and electric transmission and distribution services; and owns and operates coal-fired, natural gas or oil-fired, and landfill gas electric generating facilities with an installed generating capacity of 1,248 megawatts. It currently has negative earnings. The Company’s electric transmission system consists of approximately 1,000 circuit miles of 345, 138, and 69 kilovolt lines, and 34 substations; and distribution system comprises 4,558 circuit miles of lower voltage overhead lines and 436 trench miles of conduit containing 2,386 circuit miles of underground distribution cable, as well as 86 distribution substations and 55,000 distribution transformers.

Vectren Corporation (NYSE:VVC) Ratings Coverage

Among 3 analysts covering Vectren Corporation (NYSE:VVC), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Vectren Corporation had 3 analyst reports since January 2, 2018 according to SRatingsIntel. Citigroup downgraded the shares of VVC in report on Wednesday, April 25 to “Neutral” rating. The firm has “Neutral” rating given on Tuesday, January 2 by Guggenheim. The company was maintained on Tuesday, February 13 by Wells Fargo.

Vectren Corporation (NYSE:VVC) Institutional Positions Chart

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