Loomis Sayles & Co. L P trimmed its position in shares of Vistra Energy Corp (NYSE:VST) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 912,552 shares of the company’s stock after selling 87,674 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.18% of Vistra Energy worth $22,704,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in VST. BlackRock Inc. lifted its stake in shares of Vistra Energy by 49.8% in the second quarter. BlackRock Inc. now owns 21,915,834 shares of the company’s stock worth $518,529,000 after acquiring an additional 7,285,794 shares during the period. FMR LLC lifted its stake in shares of Vistra Energy by 56.9% in the second quarter. FMR LLC now owns 19,855,248 shares of the company’s stock worth $469,775,000 after acquiring an additional 7,199,689 shares during the period. Franklin Resources Inc. lifted its stake in shares of Vistra Energy by 49.9% in the third quarter. Franklin Resources Inc. now owns 21,123,295 shares of the company’s stock worth $525,544,000 after acquiring an additional 7,029,776 shares during the period. Boston Partners acquired a new position in shares of Vistra Energy in the second quarter worth approximately $78,674,000. Finally, Jennison Associates LLC acquired a new position in shares of Vistra Energy in the second quarter worth approximately $73,754,000.
In other Vistra Energy news, CFO J William Holden III sold 5,461 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $24.61, for a total value of $134,395.21. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Sara Graziano sold 3,229 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $24.61, for a total value of $79,465.69. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,800 shares of company stock worth $42,792 and sold 14,371,314 shares worth $330,609,710. 15.66% of the stock is currently owned by insiders.
Shares of VST opened at $23.48 on Thursday. Vistra Energy Corp has a 52-week low of $17.70 and a 52-week high of $26.29. The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $11.84 billion, a price-to-earnings ratio of 24.46 and a beta of 0.53.
Vistra Energy (NYSE:VST) last issued its quarterly earnings results on Friday, November 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.09). Vistra Energy had a negative net margin of 5.94% and a positive return on equity of 7.17%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the firm posted $0.64 earnings per share. Vistra Energy’s quarterly revenue was up 76.9% compared to the same quarter last year. Equities analysts predict that Vistra Energy Corp will post 1.31 earnings per share for the current year.
A number of research firms recently commented on VST. TheStreet raised Vistra Energy from a “c” rating to a “b-” rating in a research note on Monday. Zacks Investment Research lowered Vistra Energy from a “buy” rating to a “strong sell” rating in a research note on Thursday, November 8th. SunTrust Banks raised Vistra Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $25.00 to $26.00 in a research note on Thursday, October 25th. They noted that the move was a valuation call. ValuEngine lowered Vistra Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Finally, Deutsche Bank lifted their price objective on Vistra Energy from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Vistra Energy presently has an average rating of “Buy” and a consensus price target of $26.44.
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Vistra Energy Company 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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