Vectren Corporation (NYSE:VVC) : 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Vectren Corporation (NYSE:VVC). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 6 Wall Street Analysts endorse the stock as a Hold with a rating of 3.17.
Vectren Corporation (NYSE:VVC) : 2 Wall Street analysts covering Vectren Corporation (NYSE:VVC) believe that the average level the stock could reach for the short term is $46. The maximum price target given is $48 and the minimum target for short term is around $44, hence the standard deviation is calculated at $2.83.
Company shares have received an average consensus rating of Hold for the current week
Vectren Corporation (NYSE:VVC): On Tuesdays trading session , Opening price of the stock was $52.17 with an intraday high of $52.48. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $51.04. However, the stock managed to close at $51.9, a loss of 0.56% for the day. On the previous day, the stock had closed at $52.19. The total traded volume of the day was 840,829 shares.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Vectren Corp, Jones Robert G had purchased shares worth of $3,993 in a transaction dated on December 15, 2015. A total of 098 shares were purchased at a price of $40.74 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Vectren Corporation (Vectren) is an energy holding Company. The Company segregates its operations into groups, including Utility Group and Nonutility Group. The Companys 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.