Alliancebernstein L.P. reduced its holdings in shares of Vistra Energy Corp (NYSE:VST) by 27.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 325,504 shares of the company’s stock after selling 126,257 shares during the period. Alliancebernstein L.P. owned 0.06% of Vistra Energy worth $8,099,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC acquired a new stake in shares of Vistra Energy in the 2nd quarter valued at about $2,595,000. Strs Ohio grew its stake in shares of Vistra Energy by 504.9% in the 2nd quarter. Strs Ohio now owns 18,975 shares of the company’s stock valued at $448,000 after buying an additional 15,838 shares during the period. Janus Henderson Group PLC grew its stake in shares of Vistra Energy by 329.9% in the 2nd quarter. Janus Henderson Group PLC now owns 1,450,166 shares of the company’s stock valued at $34,311,000 after buying an additional 1,112,805 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Vistra Energy by 44.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,429,866 shares of the company’s stock valued at $33,724,000 after buying an additional 440,558 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Vistra Energy by 29.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,417,030 shares of the company’s stock valued at $33,526,000 after buying an additional 325,097 shares during the period.
In related news, SVP Sara Graziano sold 3,229 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 value of $79,465.69. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO J William Holden III sold 5,461 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 $134,395.21. 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 currently owned by company insiders.
Shares of NYSE VST opened at $23.95 on Monday. 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 $12.08 billion, a P/E ratio of 24.95 and a beta of 0.53. The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 1.32.
Vistra Energy (NYSE:VST) last announced its quarterly earnings results on Friday, November 2nd. The company reported $0.61 earnings per share 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 the consensus estimate of $4.09 billion. During the same period in the previous year, the business posted $0.64 EPS. Vistra Energy’s revenue was up 76.9% compared to the same quarter last year. As a group, sell-side analysts expect that Vistra Energy Corp will post 1.31 earnings per share for the current year.
VST has been the subject of several research reports. Deutsche Bank raised their target price on Vistra Energy from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, November 5th. Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Wednesday, October 24th. TheStreet upgraded Vistra Energy from a “c” rating to a “b-” rating in a research note on Monday, December 3rd. Citigroup reduced their target price on Vistra Energy from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. Finally, ValuEngine downgraded Vistra Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $26.44.
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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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