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Vectren Corp. - Momentum - Zacks Rank Buy
Michael Vodicka (December 2nd, 2008) Writes:
Vectren Corp.'s (VVC) share price has been rallying since early October, helped by the company's strong third-quarter results reported at the end of the month. Analysts are bullish on Vectren, with the next-year estimate projecting 23% earnings growth.
Company Description
Vectren Corp., through its subsidiaries, provides energy delivery services to residential and commercial customers in Indiana and Ohio, specializing in natural gas and electricity. Approximately 75% of Vectren's earnings mix is derived from utility operations with the other 25% from non-regulated businesses. The company was founded in 1990 and has a market cap of $4 billion.
Third-Quarter Results
Vectren pleased shareholders on Oct 30 when the company reported excellent third-quarter results comprising its two business segments.
Income from the utility group came in at $13.6 million, or 17 cents per share, up from last year's $10.7 million, or 14 cents per share.
Income from Vectren's
...Tags for this Post:
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cent;, Electricity, energy delivery services;, Indiana, Natural Gas, non utility group;, Ohio, Stocks to Watch, USD, Vectren Corp.;, VVC;, Zacks Market Commentaries, Zacks Rank Buy Vectren Corp.;
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