Vectren Corporation (VVC) : Zacks Investment Research ranks Vectren Corporation (VVC) as 4, which is a Sell recommendation. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 3.17, which indicates as a Hold.
Vectren Corporation (VVC) : The highest level Vectren Corporation (VVC) is projected to reach is $48 for the short term and the lowest estimate is at $44. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $46 and the possibility the share price can swing is $2.83.
Vectren Corporation (NYSE:VVC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.93 and $52.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.15, notching a gain of 0.51% for the day. The total traded volume was 557,971 . The stock had closed at $52.88 on the previous day.
The company shares have rallied 30.31% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $52.98 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $50.58 and the 200 Day Moving Average price is recorded at $47.42.
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.