Cornerstone Capital Management Holdings LLC. acquired a new position in Vistra Energy Corp (NYSE:VST) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 123,909 shares of the company’s stock, valued at approximately $2,315,000.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Vistra Energy in the second quarter valued at approximately $203,135,000. JPMorgan Chase & Co. acquired a new position in Vistra Energy in the second quarter valued at approximately $134,409,000. Brookfield Asset Management Inc. acquired a new position in Vistra Energy in the second quarter valued at approximately $1,226,917,000. Utah Retirement Systems acquired a new position in Vistra Energy in the second quarter valued at approximately $740,000. Finally, OZ Management LP acquired a new position in Vistra Energy in the second quarter valued at approximately $168,582,000.
In related news, Director Brian K. Ferraioli purchased 5,750 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average price of $17.27 per share, for a total transaction of $99,302.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James A. Burke sold 12,621 shares of the company’s 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 disclosure for this sale can be found here. Insiders have purchased 46,944 shares of company stock valued at $856,600 in the last quarter.
Several brokerages have issued reports on VST. SunTrust Banks reissued a “hold” rating and issued a $19.00 price target on shares of Vistra Energy in a research note on Thursday, December 21st. Zacks Investment Research lowered Vistra Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Deutsche Bank upgraded Vistra Energy to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, October 31st. Citigroup started coverage on Vistra Energy in a report on Thursday, September 28th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Bank of America started coverage on Vistra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $19.88.
Vistra Energy Corp (VST) traded up $0.19 during midday trading on Thursday, hitting $18.54. The stock had a trading volume of 3,591,941 shares, compared to its average volume of 3,699,943. The company has a market capitalization of $7,880.00 and a P/E ratio of 0.33. Vistra Energy Corp has a 52-week low of $14.50 and a 52-week high of $21.20. 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 (NYSE:VST) last announced its quarterly earnings results on Friday, November 3rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.32. Vistra Energy had a return on equity of 352.77% and a net margin of 416.84%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.93 billion. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. equities analysts expect that Vistra Energy Corp will post 0.41 EPS for the current year.
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Vistra Energy 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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