TCW Group Inc. trimmed its position in Vistra Energy Corp. (NYSE:VST) by 71.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,200 shares of the company’s stock after selling 73,400 shares during the quarter. TCW Group Inc.’s holdings in Vistra Energy were worth $546,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Vistra Energy in the second quarter worth about $203,135,000. JPMorgan Chase & Co. bought a new stake in Vistra Energy during the second quarter worth approximately $134,409,000. Brookfield Asset Management Inc. bought a new stake in Vistra Energy during the second quarter worth approximately $1,226,917,000. Utah Retirement Systems bought a new stake in Vistra Energy during the second quarter worth approximately $740,000. Finally, Matlinpatterson Global Advisers LLC bought a new stake in Vistra Energy during the second quarter worth approximately $8,352,000.
Vistra Energy Corp. (NYSE:VST) traded down $0.16 on Monday, hitting $18.57. The stock had a trading volume of 6,615,089 shares, compared to its average volume of 3,032,570. Vistra Energy Corp. has a 1 year low of $14.50 and a 1 year high of $21.20. The company has a current ratio of 2.18, a quick ratio of 1.92 and a debt-to-equity ratio of 0.65.
Vistra Energy (NYSE:VST) last released its earnings results on Friday, November 3rd. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.32. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Vistra Energy had a return on equity of 352.77% and a net margin of 416.84%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. equities research analysts predict that Vistra Energy Corp. will post 0.41 earnings per share for the current year.
Several equities research analysts have weighed in on VST shares. Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, September 6th. Credit Suisse Group started coverage on Vistra Energy in a research note on Wednesday, September 20th. They set an “outperform” rating and a $20.00 price objective on the stock. Guggenheim started coverage on Vistra Energy in a research note on Tuesday, September 5th. They set a “buy” rating and a $20.00 price objective on the stock. Deutsche Bank raised Vistra Energy to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, October 31st. Finally, Evercore ISI started coverage on Vistra Energy in a research note on Friday, October 20th. They set an “outperform” rating and a $21.50 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $19.68.
In other news, CFO J William Holden III purchased 1,800 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average price of $19.19 per share, for a total transaction of $34,542.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James A. Burke sold 12,621 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $19.27, for a total value of $243,206.67. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 7,400 shares of company stock worth $139,008.
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Vistra Energy Company Profile
Vistra Energy Corp, formerly TCEH Corp. is a holding company. The Company is an energy company, which is focused on energy and power generation markets through operation as a generator and retailer of electricity in Texas market. Its portfolio of businesses consists primarily of Luminant and TXU Energy.
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