World Asset Management Inc lowered its position in Vistra Energy Corp (NYSE:VST) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,752 shares of the company’s stock after selling 647 shares during the quarter. World Asset Management Inc’s holdings in Vistra Energy were worth $357,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. FMR LLC grew its position in shares of Vistra Energy by 25.3% during the 1st quarter. FMR LLC now owns 40,527,479 shares of the company’s stock valued at $1,054,932,000 after acquiring an additional 8,179,641 shares during the period. Norges Bank purchased a new stake in Vistra Energy in the fourth quarter valued at approximately $68,600,000. Janus Henderson Group PLC raised its position in Vistra Energy by 91.0% in the first quarter. Janus Henderson Group PLC now owns 4,801,017 shares of the company’s stock valued at $124,971,000 after purchasing an additional 2,287,198 shares during the period. Neuberger Berman Group LLC raised its position in Vistra Energy by 24.4% in the first quarter. Neuberger Berman Group LLC now owns 8,095,332 shares of the company’s stock valued at $210,718,000 after purchasing an additional 1,586,833 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in Vistra Energy in the first quarter valued at approximately $39,955,000.
In related news, insider Brookfield Asset Management In sold 1,900,000 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $23.75, for a total transaction of $45,125,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Curtis A. Morgan sold 10,735 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $25.31, for a total transaction of $271,702.85. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 44,250 shares of company stock valued at $1,039,490 and have sold 1,920,038 shares valued at $45,632,162. Corporate insiders own 14.05% of the company’s stock.
NYSE VST traded down $0.27 during trading hours on Monday, hitting $21.77. 140,240 shares of the stock were exchanged, compared to its average volume of 3,266,176. The company has a market cap of $10.64 billion, a P/E ratio of -1,089.00 and a beta of 0.67. Vistra Energy Corp has a 12-month low of $20.83 and a 12-month high of $27.86. The stock has a 50-day moving average of $22.58. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.
Vistra Energy (NYSE:VST) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.41. The firm had revenue of $2.83 billion during the quarter. Vistra Energy had a net margin of 4.22% and a return on equity of 4.37%. On average, analysts expect that Vistra Energy Corp will post 2.01 earnings per share for the current year.
Several research firms have commented on VST. Citigroup set a $31.00 price target on shares of Vistra Energy and gave the stock a “buy” rating in a research note on Friday, July 19th. Bank of America downgraded shares of Vistra Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Credit Suisse Group upgraded shares of Vistra Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $26.00 to $32.00 in a research note on Monday, May 6th. Zacks Investment Research downgraded shares of Vistra Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, ValuEngine upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $31.63.
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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