Quantitative Systematic Strategies LLC acquired a new position in shares of Vistra Energy Corp (NYSE:VST) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,604 shares of the company’s stock, valued at approximately $901,000.
Several other hedge funds also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its stake in Vistra Energy by 0.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 163,321 shares of the company’s stock valued at $3,584,000 after buying an additional 457 shares during the last quarter. IFP Advisors Inc increased its stake in Vistra Energy by 44.4% in the 4th quarter. IFP Advisors Inc now owns 1,727 shares of the company’s stock valued at $39,000 after buying an additional 531 shares during the last quarter. Raymond James Trust N.A. increased its stake in Vistra Energy by 4.2% in the 1st quarter. Raymond James Trust N.A. now owns 14,027 shares of the company’s stock valued at $366,000 after buying an additional 568 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Vistra Energy by 1.6% in the 1st quarter. State of Alaska Department of Revenue now owns 42,652 shares of the company’s stock valued at $1,110,000 after buying an additional 654 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC increased its stake in Vistra Energy by 0.6% in the 4th quarter. Norman Fields Gottscho Capital Management LLC now owns 157,605 shares of the company’s stock valued at $3,608,000 after buying an additional 875 shares during the last quarter.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Vistra Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Deutsche Bank set a $32.00 price target on shares of Vistra Energy and gave the stock a “buy” rating in a research note on Friday, February 8th. Macquarie set a $33.00 price target on shares of Vistra Energy and gave the stock a “buy” rating in a research note on Saturday, February 9th. Morgan Stanley assumed coverage on shares of Vistra Energy in a research note on Monday, March 25th. They set an “overweight” rating and a $35.00 price target for the company. Finally, Guggenheim restated a “buy” rating and set a $39.00 price target on shares of Vistra Energy in a research note on Tuesday, February 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Vistra Energy currently has a consensus rating of “Buy” and a consensus target price of $31.22.
Shares of VST stock opened at $25.98 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.95 and a debt-to-equity ratio of 1.38. Vistra Energy Corp has a 12-month low of $20.83 and a 12-month high of $27.01. The company has a market cap of $12.63 billion, a PE ratio of -1,299.00 and a beta of 0.59.
Vistra Energy (NYSE:VST) last issued its quarterly earnings results on Thursday, February 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.47). Vistra Energy had a positive return on equity of 4.00% and a negative net margin of 0.59%. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Equities analysts forecast that Vistra Energy Corp will post 1.7 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, March 14th. Vistra Energy’s dividend payout ratio (DPR) is presently -2,500.00%.
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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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