Vectren Receives a Hold from KeyBanc

By Jason Carr

KeyBanc analyst Matt Tucker reiterated a Hold rating on Vectren (NYSE: VVC) yesterday. The company’s shares closed yesterday at $49.08.

According to, Tucker is a 4-star analyst with an average return of 20.7% and a 92.9% success rate. Tucker covers the Utilities sector, focusing on stocks such as Southwest Gas Corp., Centerpoint Energy, and Dominion Resources.

Vectren has an analyst consensus of Hold.

The company has a one year high of $53.33 and a one year low of $39.43. Currently, Vectren has an average volume of 304.7K.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VVC in relation to earlier this year. Most recently, in March 2016, John Engelbrecht, a Director at VVC bought 430 shares for a total of $19,617.

Vectren Corp. operates as a energy holding company. It offers energy-related products and services include infrastructure services, energy services, coal mining and energy marketing services throughout the U.S. through its wholly owned subsidiary, Vectren Utility Holdings, Inc. The company provides energy delivery services to residential, commercial and industrial and other customers in Indiana and west central Ohio. It operates through following groups: Utility Group, Nonutility Group and Corporate & Other. The Utility Group consists of the company’s regulated operations and other operations that provide information technology and other support services to those regulated operations. The company segregates its regulated operations into a Gas Utility Services operating segment and an Electric Utility Services operating segment. The Gas Utility Services segment includes the operations of Indiana Gas, the Ohio operations and SIGECO’s natural gas distribution business and provides natural gas distribution and transportation services to nearly two-thirds of Indiana and to west central Ohio. The Electric Utility Services segment includes the operations of SIGECO’s electric transmission and distribution services, which provides electric distribution services primarily to southwestern Indiana and the company’s power generating and wholesale power operations. The Nonutility Group’s activities are into three primary business areas: Infrastructure Services, Energy Services and Coal Mining. The Infrastructure Services business provides underground construction and repair to utility infrastructure through its wholly owned subsidiary, Miller Pipeline LLC. The Energy Services business provides performance based energy contracting operations and renewable energy services performed through Energy Systems Group LLC. The Coal Mining business mines and sells coal to the company’s utility operations and to other third parties through its wholly owned subsidiary, Vectren Fuels. The Corporate & Other Businesses group includes a variety of legacy, wholly owned operations and investments that have invested in energy-related opportunities and services, real estate and leveraged leases, among other investments. The company was founded on June 10, 1999 and is headquartered in Evansville, IN.