Marathon Asset Management LP purchased a new position in shares of Vistra Energy Corp. (NYSE:VST) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 47,413 shares of the company’s stock, valued at approximately $886,000. Vistra Energy comprises approximately 0.1% of Marathon Asset Management LP’s portfolio, making the stock its 10th largest position.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VST. Koch Industries Inc. bought a new stake in Vistra Energy during the 2nd quarter worth approximately $82,584,000. Brookfield Asset Management Inc. bought a new stake in Vistra Energy during the 2nd quarter worth approximately $1,226,917,000. Apollo Management Holdings L.P. bought a new stake in Vistra Energy during the 2nd quarter worth approximately $887,790,000. Vanguard Group Inc. bought a new stake in Vistra Energy during the 2nd quarter worth approximately $382,296,000. Finally, Franklin Resources Inc. bought a new stake in Vistra Energy during the 2nd quarter worth approximately $294,121,000.
Vistra Energy Corp. (VST) traded down $0.02 during mid-day trading on Friday, hitting $17.75. The stock had a trading volume of 2,862,705 shares, compared to its average volume of 5,703,840. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.92 and a current ratio of 2.18. Vistra Energy Corp. has a one year low of $14.50 and a one year high of $21.20.
Vistra Energy (NYSE:VST) last posted its quarterly earnings results on Friday, November 3rd. The company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.32. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.93 billion. Vistra Energy had a return on equity of 352.77% and a net margin of 416.84%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. analysts expect that Vistra Energy Corp. will post 0.41 earnings per share for the current fiscal year.
In other news, insider James A. Burke sold 12,621 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $19.27, for a total value of $243,206.67. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO J William Holden III purchased 1,800 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was bought at an average cost of $19.19 per share, for a total transaction of $34,542.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 7,600 shares of company stock worth $142,712.
A number of equities research analysts recently commented on VST shares. Zacks Investment Research lowered Vistra Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Credit Suisse Group assumed coverage on Vistra Energy in a report on Wednesday, September 20th. They set an “outperform” rating and a $20.00 price objective on the stock. Evercore ISI assumed coverage on Vistra Energy in a report on Friday, October 20th. They set an “outperform” rating and a $21.50 price objective on the stock. SunTrust Banks assumed coverage on Vistra Energy in a report on Tuesday, October 10th. They set a “hold” rating and a $18.00 price objective on the stock. Finally, Guggenheim assumed coverage on Vistra Energy in a report on Tuesday, September 5th. They set a “buy” rating and a $20.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $19.68.
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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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