Trade-Ideas LLC identified

Vectren

(

VVC

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Vectren as such a stock due to the following factors:

  • VVC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.0 million.
  • VVC has traded 20,378 shares today.
  • VVC is trading at a new lifetime high.

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More details on VVC:

Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The stock currently has a dividend yield of 3.1%. VVC has a PE ratio of 21. Currently there are no analysts that rate Vectren a buy, 1 analyst rates it a sell, and 5 rate it a hold.

The average volume for Vectren has been 287,700 shares per day over the past 30 days. Vectren has a market cap of $4.2 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.92 and a short float of 1.2% with 3.68 days to cover. Shares are up 22.2% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Vectren as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance, notable return on equity and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • Net operating cash flow has slightly increased to $202.40 million or 1.14% when compared to the same quarter last year. In addition, VECTREN CORP has also modestly surpassed the industry average cash flow growth rate of -6.86%.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Multi-Utilities industry and the overall market on the basis of return on equity, VECTREN CORP has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
  • Compared to its closing price of one year ago, VVC's share price has jumped by 27.45%, exceeding the performance of the broader market during that same time frame. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
  • VECTREN CORP's earnings per share declined by 15.9% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, VECTREN CORP increased its bottom line by earning $2.39 versus $2.01 in the prior year. This year, the market expects an improvement in earnings ($2.45 versus $2.39).
  • VVC, with its decline in revenue, slightly underperformed the industry average of 9.7%. Since the same quarter one year prior, revenues fell by 17.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.

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