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 $19.9 million.
  • VVC has traded 305,867 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 3.2%. VVC has a PE ratio of 21. Currently there are 2 analysts that rate Vectren a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for Vectren has been 436,700 shares per day over the past 30 days. Vectren has a market cap of $4.1 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.84 and a short float of 1% with 2.14 days to cover. Shares are up 17.5% year-to-date as of the close of trading on Wednesday.

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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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and reasonable valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
  • VECTREN CORP has improved earnings per share by 16.2% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. 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 ($2.53 versus $2.39).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Multi-Utilities industry average. The net income increased by 15.4% when compared to the same quarter one year prior, going from $56.50 million to $65.20 million.
  • 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.

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