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Vectren Corp (VVC.N)

VVC.N on New York Stock Exchange

69.78USD
10:43pm IST
Change (% chg)

$4.23 (+6.45%)
Prev Close
$65.55
Open
$68.80
Day's High
$69.92
Day's Low
$68.70
Volume
527,234
Avg. Vol
162,098
52-wk High
$69.92
52-wk Low
$57.50

Latest Key Developments (Source: Significant Developments)

Centerpoint Energy And Vectren To Merge
4:00pm IST 

April 23 (Reuters) - CenterPoint Energy Inc ::CENTERPOINT ENERGY AND VECTREN TO MERGE.CENTERPOINT ENERGY INC - TRANSACTION ANTICIPATED TO BE FUNDED BY COMBINATION OF EQUITY AND DEBT.CENTERPOINT ENERGY INC - VECTREN SHAREHOLDERS TO RECEIVE $72.00 IN CASH FOR EACH SHARE OF VECTREN COMMON STOCK.CENTERPOINT ENERGY INC - EXPECTS TO MAINTAIN ANNUAL GUIDANCE BASIS EPS GROWTH TARGET OF 5 TO 7 PERCENT IN 2019 AND 2020.CENTERPOINT ENERGY - EXPECTS TO MAINTAIN ANNUAL GUIDANCE BASIS EPS GROWTH TARGET OF 5 TO 7PCT IN 2019 AND 2020, EXCLUDING ANY ONE-TIME CHARGES RELATED TO MERGER.CENTERPOINT ENERGY INC - CENTERPOINT ENERGY WILL ALSO ASSUME ALL OUTSTANDING VECTREN NET DEBT.CENTERPOINT ENERGY INC - AT CLOSING OF TRANSACTION, SCOTT M. PROCHAZKA WILL SERVE AS PRESIDENT AND CEO OF COMBINED COMPANY.CENTERPOINT ENERGY INC - WILL ESTABLISH A CHIEF BUSINESS OFFICER FOR VECTREN'S ELECTRIC BUSINESS.CENTERPOINT ENERGY - GOLDMAN SACHS & CO. LLC SERVED AS EXCLUSIVE FINANCIAL ADVISOR TO CENTERPOINT ENERGY.CENTERPOINT ENERGY INC - COMBINED COMPANY TO BE NAMED CENTERPOINT ENERGY WITH CORPORATE HEADQUARTERS IN HOUSTON.CENTERPOINT ENERGY INC - BOFA MERRILL LYNCH SERVED AS EXCLUSIVE FINANCIAL ADVISOR TO VECTREN.CENTERPOINT ENERGY - AKIN GUMP STRAUSS HAUER & FELD LLP AND BINGHAM GREENBAUM DOLL LLP SERVED AS LEGAL COUNSEL TO CENTERPOINT ENERGY.CENTERPOINT ENERGY INC - BAKER BOTTS LLP SERVED AS LEGAL COUNSEL TO VECTREN.CENTERPOINT ENERGY - VECTREN WILL BECOME A CENTERPOINT ENERGY COMPANY.  Full Article

Vectren corporation reports third quarter results
Friday, 3 Nov 2017 

Nov 2 (Reuters) - Vectren Corp :Vectren Corporation reports third quarter 2017 results; affirms 2017 guidance; increases dividend 58th consecutive year.Reaffirms FY 2017 earnings per share view $2.55 to $2.65.Q3 earnings per share $0.75.Q3 earnings per share view $0.66 -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $2.63 -- Thomson Reuters I/B/E/S.Vectren Corp - qtrly ‍total operating revenues $691.2 million versus $631.0​ million.  Full Article

Vectren increases dividend 7.1 percent
Friday, 3 Nov 2017 

Nov 2 (Reuters) - Vectren Corp ::Vectren increases dividend 7.1 percent.Declared quarterly dividend of $0.45 per share, up 7.1 percent from current quarterly dividend of $0.42 per share​.  Full Article

Vectren Corporation reports Q2 earnings per share $0.39
Thursday, 4 Aug 2016 

Vectren Corp : Vectren Corporation reports Q2 2016 results; affirms consolidated guidance range . Qtrly earnings per share $0.39 . Revised 2016 nonutility group earnings expectation, including corporate and other, to be within a range of $0.40 to $0.45 per share . "Q2 was a challenge for that part of our business, and we expect those challenges to continue throughout 2016" . Revised 2016 utility group earnings expectation to be within a range of $2.05 to $2.10 per share . Qtrly total operating revenues $533.7 million versus $551.0 million .Q2 revenue view $517.0 million -- Thomson Reuters I/B/E/S.  Full Article

Vectren Corp reports first quarter 2016 results
Tuesday, 10 May 2016 

Vectren Corp : Narrows its 2016 consolidated earnings guidance range to $2.45 to $2.55 per share . Currently expects 2016 utility group earnings to be within a range of $2.00 to $2.05 per share . Sees 2016 nonutility group earnings to be within a range of $0.45 to $0.50 per share . Fy2016 earnings per share view $2.51 -- Thomson Reuters I/B/E/S . Qtrly total operating revenue $584.8 million versus $706.2 million . Vectren corporation reports first quarter 2016 results; narrows consolidated guidance range . Q1 earnings per share $0.58 . Q1 earnings per share view $0.69 -- Thomson Reuters I/B/E/S .Sees fy 2016 earnings per share $2.45 to $2.55.  Full Article

Utility CenterPoint Energy to buy Vectren in $6 billion deal

U.S. gas and electric utility CenterPoint Energy said on Monday it would buy rival Vectren Corp for about $6 billion, the latest in a string of mergers in the sector as power consumption in many parts of the country flattens.