Axa bought a new stake in Vistra Energy Corp (NYSE:VST) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,070 shares of the company’s stock, valued at approximately $624,000.
Several other hedge funds have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Vistra Energy by 574.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,735 shares of the company’s stock worth $112,000 after purchasing an additional 4,033 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Vistra Energy during the second quarter worth $113,000. Alps Advisors Inc. acquired a new stake in shares of Vistra Energy during the third quarter worth $239,000. Oakbrook Investments LLC acquired a new stake in shares of Vistra Energy during the third quarter worth $248,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Vistra Energy during the third quarter worth $251,000.
A number of analysts have weighed in on VST shares. Deutsche Bank increased their target price on shares of Vistra Energy from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, November 5th. Zacks Investment Research raised shares of Vistra Energy from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a report on Wednesday, October 24th. TheStreet raised shares of Vistra Energy from a “c” rating to a “b-” rating in a report on Monday, December 3rd. Citigroup dropped their price objective on shares of Vistra Energy from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, October 22nd. Finally, ValuEngine cut shares of Vistra Energy from a “buy” rating to a “hold” rating in a report on Monday, August 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Vistra Energy has an average rating of “Buy” and an average price target of $26.44.
VST stock opened at $23.95 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.93 and a current ratio of 1.06. Vistra Energy Corp has a fifty-two week low of $17.70 and a fifty-two week high of $26.29. The stock has a market capitalization of $11.84 billion, a P/E ratio of 24.95 and a beta of 0.53.
Vistra Energy (NYSE:VST) last released its quarterly earnings data on Friday, November 2nd. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.09). Vistra Energy had a positive return on equity of 7.17% and a negative net margin of 5.94%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the business earned $0.64 EPS. The firm’s revenue was up 76.9% on a year-over-year basis. As a group, research analysts forecast that Vistra Energy Corp will post 1.31 earnings per share for the current fiscal year.
In other Vistra Energy news, insider Curtis A. Morgan sold 15,576 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $24.61, for a total transaction of $383,325.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 14,329,658 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $23.00, for a total transaction of $329,582,134.00. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 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 owned by company insiders.
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About Vistra Energy
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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