Vistra Energy Corp (NYSE:VST) Position Decreased by Mackay Shields LLC

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Mackay Shields LLC trimmed its position in Vistra Energy Corp (NYSE:VST) by 89.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 26,577 shares of the company’s stock after selling 217,934 shares during the period. Mackay Shields LLC’s holdings in Vistra Energy were worth $710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new stake in shares of Vistra Energy during the second quarter worth approximately $177,000. Marshall Wace LLP bought a new position in Vistra Energy during the second quarter valued at approximately $212,000. Oakbrook Investments LLC bought a new position in Vistra Energy during the third quarter valued at approximately $226,000. First Allied Advisory Services Inc. raised its position in Vistra Energy by 5.8% during the second quarter. First Allied Advisory Services Inc. now owns 10,440 shares of the company’s stock valued at $236,000 after acquiring an additional 576 shares in the last quarter. Finally, Stephens Inc. AR bought a new position in shares of Vistra Energy in the third quarter valued at approximately $242,000.

Shares of VST stock opened at $26.20 on Monday. Vistra Energy Corp has a 1 year low of $20.83 and a 1 year high of $27.96. The firm’s fifty day simple moving average is $26.80 and its 200 day simple moving average is $24.72. The firm has a market capitalization of $12.84 billion, a P/E ratio of -1,310.00, a price-to-earnings-growth ratio of 0.65 and a beta of 0.57. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38.

Vistra Energy (NYSE:VST) last announced its earnings results on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.64). Vistra Energy had a return on equity of 5.01% and a net margin of 4.40%. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same period last year, the firm posted $0.61 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. Equities research analysts anticipate that Vistra Energy Corp will post 2.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, December 13th. Vistra Energy’s dividend payout ratio (DPR) is currently -2,500.00%.

In other news, COO James A. Burke sold 12,102 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $26.20, for a total value of $317,072.40. Also, CEO Curtis A. Morgan sold 15,126 shares of Vistra Energy stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $26.20, for a total value of $396,301.20. Insiders own 14.05% of the company’s stock.

A number of equities analysts have recently commented on VST shares. Citigroup dropped their price target on shares of Vistra Energy from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, September 9th. Zacks Investment Research lowered shares of Vistra Energy from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Evercore ISI reissued a “buy” rating and issued a $32.00 price target on shares of Vistra Energy in a research report on Monday, November 11th. Bank of America raised shares of Vistra Energy from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Thursday, November 7th. Finally, Credit Suisse Group lifted their price target on shares of Vistra Energy from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $32.40.

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.

Further Reading: How to Invest in Growth Stocks

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Energy Corp (NYSE:VST).

Institutional Ownership by Quarter for Vistra Energy (NYSE:VST)

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