Levy Harkins & Company Decreased Orbcomm (ORBC) Stake; Vectren (VVC) Sentiment Is 1.11

December 7, 2017 - By Kurt Siggers

Levy Harkins & Company Inc decreased Orbcomm Inc. (ORBC) stake by 2.32% reported in 2017Q2 SEC filing. Levy Harkins & Company Inc sold 64,986 shares as Orbcomm Inc. (ORBC)’s stock rose 16.75%. The Levy Harkins & Company Inc holds 2.74M shares with $30.94M value, down from 2.80 million last quarter. Orbcomm Inc. now has $774.13M valuation. The stock decreased 1.04% or $0.11 during the last trading session, reaching $10.42. About 1.08 million shares traded or 56.39% up from the average. ORBCOMM Inc. (NASDAQ:ORBC) has risen 5.18% since December 7, 2016 and is uptrending. It has underperformed by 11.52% the S&P500.

Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company has market cap of $5.68 billion. The firm offers natural gas distribution and transportation services, and electric transmission and distribution services; and owns and operates coal-fired, natural gas or oil-fired, and landfill gas electric generating facilities with an installed generating capacity of 1,248 megawatts. It has a 25.36 P/E ratio. The Company’s electric transmission system consists of approximately 1,000 circuit miles of 345, 138, and 69 kilovolt lines, and 34 substations; and distribution system comprises 4,558 circuit miles of lower voltage overhead lines and 436 trench miles of conduit containing 2,386 circuit miles of underground distribution cable, as well as 86 distribution substations and 55,000 distribution transformers.

The stock increased 0.25% or $0.17 during the last trading session, reaching $68.45. About 231,247 shares traded. Vectren Corporation (VVC) has risen 24.08% since December 7, 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 rating was upgraded by Citigroup on Wednesday, December 14 to “Buy”. The company was upgraded on Monday, January 9 by Guggenheim. The rating was upgraded by KeyBanc Capital Markets on Thursday, January 12 to “Overweight”.

Analysts await Vectren Corporation (NYSE:VVC) to report earnings on February, 28. They expect $0.80 earnings per share, down 4.76% or $0.04 from last year’s $0.84 per share. VVC’s profit will be $66.41M for 21.39 P/E if the $0.80 EPS becomes a reality. After $0.75 actual earnings per share reported by Vectren Corporation for the previous quarter, Wall Street now forecasts 6.67% EPS growth.

First Financial Corp In holds 3.08% of its portfolio in Vectren Corporation for 82,869 shares. Lynch & Associates In owns 74,413 shares or 1.72% of their US portfolio. Moreover, Duff & Phelps Investment Management Co has 1.32% invested in the company for 1.57 million shares. The South Dakota-based First National Bank Sioux Falls has invested 1.32% in the stock. First Merchants Corp, a Indiana-based fund reported 80,767 shares.

Analysts await ORBCOMM Inc. (NASDAQ:ORBC) to report earnings on February, 27. They expect $-0.10 earnings per share, down 150.00% or $0.06 from last year’s $-0.04 per share. After $-0.10 actual earnings per share reported by ORBCOMM Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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By1 Kurt Siggers




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