Vectren Corporation was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $63.23 –$65.60 in the past one-month time frame, witnessed a sharp increase yesterday.

The shares rose after U.S. gas and electric utility company CenterPoint Energy disclosed its intention to buy Vectren Corp for about $6 billion.

The Zacks Consensus Estimate for the current quarter has moved lower over the past two months, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Vectren currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Vectren Corporation Price and Consensus

Investors interested in the Utility - Gas Distribution industry may consider South Jersey Industries, Inc. , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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