Meag Munich Ergo Kapitalanlagegesellschaft Mbh Has Lifted Staples (SPLS) Position By $6.75 Million; Vectren (VVC) Sentiment Is 1.03

June 19, 2017 - By Clifton Ray

Vectren Corporation is an energy holding company. The company has market cap of $5.19 billion. The Firm segregates its activities into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. It has a 23.51 P/E ratio. The Company’s subsidiary, Vectren Utility Holdings, Inc. (Utility Holdings or VUHI), serves as the intermediate holding firm for three public utilities: Indiana Gas Company, Inc. (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio, Inc. (VEDO).

Meag Munich Ergo Kapitalanlagegesellschaft Mbh increased Staples Inc (SPLS) stake by 131.88% reported in 2016Q4 SEC filing. Meag Munich Ergo Kapitalanlagegesellschaft Mbh acquired 750,068 shares as Staples Inc (SPLS)’s stock declined 6.34%. The Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 1.32M shares with $12.17M value, up from 568,765 last quarter. Staples Inc now has $5.63B valuation. The stock decreased 2.11% or $0.19 on June 16, reaching $8.8. About shares traded. Staples, Inc. (NASDAQ:SPLS) has risen 8.73% since June 19, 2016 and is uptrending. It has underperformed by 7.97% the S&P500.

The stock increased 0.80% or $0.49 on June 16, reaching $62.06. About shares traded. Vectren Corp (VVC) has risen 24.08% since June 19, 2016 and is uptrending. It has outperformed by 7.38% the S&P500.

Ratings analysis reveals 100% of Vectren’s analysts are positive. Out of 3 Wall Street analysts rating Vectren, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. VVC was included in 3 notes of analysts from December 14, 2016. The firm earned “Buy” rating on Wednesday, December 14 by Citigroup. The firm has “Buy” rating by Guggenheim given on Monday, January 9. KeyBanc Capital Markets upgraded the shares of VVC in report on Thursday, January 12 to “Overweight” rating.

First Financial Corp In holds 2.5% of its portfolio in Vectren Corp for 80,633 shares. Huff W R Asset Management Co Llc De owns 44,800 shares or 2.02% of their US portfolio. Moreover, Lynch & Associates In has 1.67% invested in the company for 76,052 shares. The Texas-based Texan Capital Management has invested 1.4% in the stock. First Merchants Corp, a Indiana-based fund reported 81,942 shares.

Meag Munich Ergo Kapitalanlagegesellschaft Mbh decreased Cisco Systems Inc (NASDAQ:CSCO) stake by 77,593 shares to 732,780 valued at $22.44M in 2016Q4. It also reduced Centurylink Inc (NYSE:CTL) stake by 217,645 shares and now owns 109,316 shares. Intl Business Machines Corp (NYSE:IBM) was reduced too.

Among 11 analysts covering Staples Inc. (NASDAQ:SPLS), 2 have Buy rating, 0 Sell and 9 Hold. Therefore 18% are positive. Staples Inc. had 20 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Wednesday, May 11 by Telsey Advisory Group. Deutsche Bank maintained it with “Hold” rating and $18 target in Sunday, August 23 report. The firm has “Underperform” rating by Bank of America given on Friday, December 11. The stock of Staples, Inc. (NASDAQ:SPLS) has “Buy” rating given on Monday, May 23 by Bank of America. Zacks upgraded the stock to “Sell” rating in Wednesday, August 12 report. Deutsche Bank maintained Staples, Inc. (NASDAQ:SPLS) on Thursday, November 19 with “Hold” rating. UBS downgraded Staples, Inc. (NASDAQ:SPLS) rating on Wednesday, May 11. UBS has “Neutral” rating and $10.50 target. As per Monday, March 7, the company rating was maintained by Goldman Sachs. Citigroup maintained the stock with “Neutral” rating in Monday, August 24 report. The firm earned “Neutral” rating on Friday, May 20 by Citigroup.

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