Vectren Stock Hits New 52-Week High (VVC)

NEW YORK ( TheStreet) -- Vectren Corporation (NYSE: VVC) hit a new 52-week high Wednesday as it is currently trading at $27.90, above its previous 52-week high of $27.86 with 16,155 shares traded as of 9:55 a.m. ET. Average volume has been 394,200 shares over the past 30 days.

Vectren has a market cap of $2.2 billion and is part of the utilities sector and utilities industry. Shares are up 9.5% year to date as of the close of trading on Tuesday.

Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other customers in Indiana and west central Ohio. The company has a P/E ratio of 16.7, equal to the average utilities industry P/E ratio and equal to the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates Vectren as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Vectren Ratings Report.

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