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Last $40.97 USD
Change Today -0.11 / -0.27%
Volume 461.4K
VVC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

vectren corp (VVC) Snapshot

Open
$40.96
Previous Close
$41.08
Day High
$41.26
Day Low
$40.56
52 Week High
01/20/15 - $49.47
52 Week Low
08/24/15 - $37.26
Market Cap
3.4B
Average Volume 10 Days
531.1K
EPS TTM
$2.64
Shares Outstanding
82.7M
EX-Date
08/13/15
P/E TM
15.5x
Dividend
$1.52
Dividend Yield
3.71%
Current Stock Chart for VECTREN CORP (VVC)

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vectren corp (VVC) Details

Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company 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 1,298 megawatts. Its electric transmission system consists of 1,027 circuit miles of 345, 138, and 69 kilovolt lines, and 37 substations; and distribution system comprises 4,560 circuit miles of lower voltage overhead lines and 402 trench miles of conduit containing 2,325 miles of underground distribution cable, as well as 95 distribution substations and 52,267 distribution transformers. The company also provides underground pipeline construction and repair services; and energy performance contracting and sustainable infrastructure, such as renewables, distributed generation, and combined heat and power projects, as well as invests in energy-related opportunities and services, real estate, and leveraged leases. It serves various industries comprising automotive assembly, parts, and accessories; feed, flour, and grain processing; metal castings, aluminum products, polycarbonate resin, and plastic products; gypsum products; electrical equipment, metal specialties, glass, and steel finishing; pharmaceutical and nutritional products; gasoline and oil products; ethanol; aluminum smelting and recycling; aluminum sheet products, and steel finishing; automotive glass; gasoline and oil products; ethanol; and coal mining. As of December 31, 2014, the company supplied natural gas services to approximately 1,011,100 customers in Indiana and Ohio; and electric services to approximately 143,300 customers in Indiana. Vectren Corporation was incorporated in 1999 and is headquartered in Evansville, Indiana.

5,500 Employees
Last Reported Date: 02/17/15
Founded in 1999

vectren corp (VVC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $832.3K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $304.4K
Senior Vice President of Utility Operations a...
Total Annual Compensation: $332.8K
Chief Legal and External Affairs Officer, Exe...
Total Annual Compensation: $398.2K
Compensation as of Fiscal Year 2014.

vectren corp (VVC) Key Developments

Vectren Corporation Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Year 2015

Vectren Corporation announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total operating revenues of $551.0 million against $542.5 million a year ago. Operating income was $72.9 million against $33.9 million a year ago. Income before income tax was $57.0 million against $16.4 million a year ago. Net income was $35.8 million or $0.43 per basic and diluted share against $11.9 million or $0.14 per basic and diluted share a year ago. For the six months, the company reported total operating revenues of $1,257.2 million against $1,339.3 million a year ago. Operating income was $179.0 million against $132.9 million a year ago. Income before tax was $147.6 million against $97.5 million a year ago. Net income was $92.8 million or $1.12 per basic and diluted share against $63.1 million or $0.76 per basic and diluted share a year ago. Net cash provided by operating activities was $266.6 million against $273.9 million a year ago. Capital expenditures, excluding AFUDC equity was $207.9 million against $195.1 million a year ago. For the quarter, the company’s total electricity sold was 1,451.3 GWh against 1,546.7 GWh a year ago. For the six months period, the company’s total electricity sold was 2,969.7 GWh against 3,178.0 GWh a year ago. The company affirms its 2015 consolidated earnings guidance expectation to be within a range of $2.40 to $2.55 per share, but notes that there may be some pressure toward the lower end of the range related to Infrastructure Services' contribution.

Vectren Corporation Hires Vectren Corporation as Treasurer and Vice President of Investor Relations

Vectren Corporation announced the appointment of Naveed Mughal to the position of Treasurer and Vice President of Investor Relations. Naveed begins his new duties with Vectren on July 13, 2015. He will replace Robert L. Goocher who announced his retirement earlier this year to take effect Aug. 3, 2015. Naveed's most recent experience is with NV Energy, where he held the position of Treasurer since 2007.

Vectren and UWUA Members Ratify New Three-Year Labor Agreement

Vectren Corporation has announced that Utility Workers Union of America, Local 175 employee-members who work for Vectren Energy Delivery of Ohio have ratified a new three-year labor agreement. The early settlement comes months prior to the expiration of the existing contract in late October. Management and union representatives began discussions on the new contract in late May.

 

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Industry Analysis

VVC

Industry Average

Valuation VVC Industry Range
Price/Earnings 17.2x
Price/Sales 1.3x
Price/Book 2.1x
Price/Cash Flow 7.6x
TEV/Sales 0.7x
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