Seven Eight Capital LP trimmed its position in shares of Vistra Energy Corp (NYSE:VST) by 11.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 295,306 shares of the company’s stock after selling 38,300 shares during the period. Seven Eight Capital LP owned approximately 0.06% of Vistra Energy worth $7,347,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Sterling Capital Management LLC bought a new stake in Vistra Energy during the 2nd quarter valued at $2,595,000. Strs Ohio increased its stake in Vistra Energy by 504.9% during the 2nd quarter. Strs Ohio now owns 18,975 shares of the company’s stock valued at $448,000 after purchasing an additional 15,838 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Vistra Energy by 329.9% during the 2nd quarter. Janus Henderson Group PLC now owns 1,450,166 shares of the company’s stock worth $34,311,000 after acquiring an additional 1,112,805 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Vistra Energy by 44.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,429,866 shares of the company’s stock worth $33,724,000 after acquiring an additional 440,558 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Vistra Energy by 29.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,417,030 shares of the company’s stock worth $33,526,000 after acquiring an additional 325,097 shares during the last quarter.
A number of equities analysts have issued reports on VST shares. Deutsche Bank lifted their price objective 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. SunTrust Banks raised shares of 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 report on Thursday, October 25th. They noted that the move was a valuation call. Citigroup cut 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. Zacks Investment Research downgraded shares of Vistra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, ValuEngine downgraded shares of Vistra Energy from a “buy” rating to a “hold” rating in a report on Monday, August 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. Vistra Energy has a consensus rating of “Buy” and an average target price of $26.44.
Vistra Energy (NYSE:VST) last released its quarterly earnings data on Friday, November 2nd. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.09). The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Vistra Energy had a negative net margin of 5.94% and a positive return on equity of 7.17%. Vistra Energy’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. As a group, equities research analysts anticipate that Vistra Energy Corp will post 1.31 EPS for the current year.
In related news, SVP Sara Graziano sold 3,229 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Curtis A. Morgan sold 15,576 shares of the company’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 transaction of $383,325.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 2,600 shares of company stock worth $61,034 and have sold 41,004 shares worth $1,011,771. 15.66% of the stock is owned by corporate insiders.
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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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