Nomura Asset Management Co. Ltd. raised its stake in shares of Vistra Energy Corp (NYSE:VST) by 12.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,951 shares of the company’s stock after purchasing an additional 8,219 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Vistra Energy were worth $1,603,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. QS Investors LLC acquired a new stake in Vistra Energy during the fourth quarter valued at approximately $108,000. Daiwa Securities Group Inc. acquired a new stake in Vistra Energy during the fourth quarter valued at approximately $114,000. Metropolitan Life Insurance Co. NY acquired a new stake in Vistra Energy during the fourth quarter valued at approximately $128,000. Itau Unibanco Holding S.A. acquired a new stake in Vistra Energy during the fourth quarter valued at approximately $142,000. Finally, Comerica Bank acquired a new stake in Vistra Energy during the first quarter valued at approximately $208,000. 90.04% of the stock is currently owned by institutional investors.
Shares of Vistra Energy opened at $23.75 on Friday, according to MarketBeat. The company has a market capitalization of $12.56 billion, a PE ratio of 27.92 and a beta of -0.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.59 and a current ratio of 1.73. Vistra Energy Corp has a one year low of $11.88 and a one year high of $24.81.
Vistra Energy (NYSE:VST) last announced its earnings results on Friday, May 4th. The company reported ($0.71) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.89). Vistra Energy had a positive return on equity of 5.56% and a negative net margin of 13.19%. The business had revenue of $765.00 million during the quarter, compared to analyst estimates of $1.42 billion. sell-side analysts expect that Vistra Energy Corp will post 0.87 EPS for the current fiscal year.
A number of equities research analysts have weighed in on VST shares. Zacks Investment Research downgraded Vistra Energy from a “buy” rating to a “hold” rating and set a $23.00 price objective on the stock. in a report on Saturday, April 7th. Bank of America boosted their target price on Vistra Energy from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, April 17th. UBS Group raised Vistra Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $27.00 in a report on Tuesday, March 6th. Royal Bank of Canada reissued a “buy” rating and issued a $24.00 target price on shares of Vistra Energy in a report on Monday, April 9th. Finally, Macquarie began coverage on Vistra Energy in a report on Wednesday, March 28th. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Vistra Energy presently has a consensus rating of “Buy” and a consensus target price of $23.13.
Vistra Energy Profile
Vistra Energy Corp., through its subsidiaries, engages in the integrated power business in Texas. The company operates through Wholesale Generation and Retail Electricity segments. The Wholesale Generation segment engages in the electricity generation, wholesale energy sales and purchases, commodity risk management, fuel production, and fuel logistics management activities.
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