Ascend Capital LLC Invests $1.91 Million in Vistra Energy Corp (VST) Stock
Ascend Capital LLC bought a new position in shares of Vistra Energy Corp (NYSE:VST) in the fourth quarter, HoldingsChannel reports. The firm bought 104,488 shares of the company’s stock, valued at approximately $1,914,000.
Other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp purchased a new stake in Vistra Energy during the third quarter worth $469,000. Lasry Marc purchased a new stake in Vistra Energy during the third quarter worth $63,643,000. Mackenzie Financial Corp purchased a new stake in Vistra Energy during the third quarter worth $2,080,000. CIBC Asset Management Inc purchased a new stake in Vistra Energy during the third quarter worth $269,000. Finally, Systematic Financial Management LP purchased a new stake in Vistra Energy during the fourth quarter worth $25,721,000.
Shares of Vistra Energy Corp (NYSE VST) opened at $19.59 on Friday. Vistra Energy Corp has a twelve month low of $14.50 and a twelve month high of $21.20. The company has a current ratio of 1.98, a quick ratio of 1.92 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $8,119.08 and a price-to-earnings ratio of -33.20.
In other news, insider Curtis A. Morgan bought 19,094 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were purchased at an average cost of $18.34 per share, with a total value of $350,183.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian K. Ferraioli bought 5,750 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average cost of $17.27 per share, for a total transaction of $99,302.50. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 39,944 shares of company stock worth $725,156.
A number of analysts have weighed in on the company. Royal Bank of Canada restated a “buy” rating and set a $23.00 target price on shares of Vistra Energy in a report on Thursday, February 1st. SunTrust Banks set a $20.00 price objective on Vistra Energy and gave the company a “hold” rating in a report on Monday, January 22nd. Zacks Investment Research lowered Vistra Energy from a “hold” rating to a “sell” rating in a report on Sunday, January 21st. Guggenheim reiterated a “buy” rating and set a $23.00 price objective on shares of Vistra Energy in a report on Tuesday, January 23rd. Finally, UBS Group started coverage on Vistra Energy in a report on Friday, February 23rd. They set a “neutral” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $21.04.
Vistra Energy Company Profile
Vistra Energy Corp, formerly TCEH Corp. is a holding company. The Company is an energy company, which is focused on energy and power generation markets through operation as a generator and retailer of electricity in Texas market. Its portfolio of businesses consists primarily of Luminant and TXU Energy.
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