Arvest Bank Trust Division Exits Position in Vectren Corp (VVC)

Vectren Corp (VVC) : Arvest Bank Trust Division has sold out all of its stake in Vectren Corp during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 5,643 shares of Vectren Corp which is valued at $267,140.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in VVC during the most recent quarter. The investment firm sold 1,779 shares of VVC which is valued $84,218.Bnp Paribas Arbitrage Sa reduced its stake in VVC by selling 30,340 shares or 71.08% in the most recent quarter. The Hedge Fund company now holds 12,346 shares of VVC which is valued at $588,040.Lynch Associatesin boosted its stake in VVC in the latest quarter, The investment management firm added 978 additional shares and now holds a total of 75,016 shares of Vectren Corp which is valued at $3,573,012. Vectren Corp makes up approx 1.58% of Lynch Associatesin’s portfolio.Eqis Capital Management reduced its stake in VVC by selling 3,545 shares or 46.78% in the most recent quarter. The Hedge Fund company now holds 4,033 shares of VVC which is valued at $192,092. Vectren Corp makes up approx 0.01% of Eqis Capital Management’s portfolio. Washington Trust Bank added VVC to its portfolio by purchasing 16 company shares during the most recent quarter which is valued at $762.

Vectren Corp closed down -0.14 points or -0.29% at $47.34 with 2,89,142 shares getting traded on Friday. Post opening the session at $47.81, the shares hit an intraday low of $47.26 and an intraday high of $47.874 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Vectren Corp reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.43. The company had revenue of $533.70 million for the quarter, compared to analysts expectations of $516.97 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.

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.

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