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Vectren Corporation Message Board

  • rgchjr1945 rgchjr1945 Mar 7, 2013 1:09 PM Flag

    Stock currently trading at $34

    Vectren at an all time high of $34 even just past 1PM today. I started buying this a few years back when I moved to Indiana (they are my gas utility). Looked like a hum drum company with high dividend. I have always had success buying utilities where I live. My capital gains are quite substantial.

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    • Something is going right w/VVC. Makes up for EXC even that is up 8%. Top percentage performer of my utes this year.

      • 1 Reply to nyjets_0001
      • Utilities in general have been doing well. Investors looking for yield. I just checked the utilities that I own and they have performed as follows since open for trading Jan 2: MDU +22.5, OGE + 27.2, SE +11.9, VVC +24.4, & WEC +18.2. OGE is very strong because they are forming a JV MLP with Centerpoint to operate midstream and pipeline assets. MDU also has a oil & gas exploration company which has been spending a lot of CAPX on drilling. Their utility also operates in the Bakken oil shale area in western N. Dakota and that business is smoking. SE is more of a pipeline than a utility with 1.3 million gas distribution customers in Canada. Ethane rejection has been hurting midstream and pipeline operations.

        If you are investing in this area SE makes a lot of sense. Pays 3.9% dividend and they are investing $20 Billion in projects to 2020. In addition they have an MLP and a JV MLP (DCP partners) which they own with PSX (Phillips 66).

48.80-1.32(-2.63%)Aug 26 4:02 PMEDT