Koch Industries Inc. Purchases New Holdings in Vistra Energy Corp. (VST)
Koch Industries Inc. purchased a new stake in Vistra Energy Corp. (NYSE:VST) during the second quarter, according to its most recent filing with the SEC. The firm purchased 87,502,160 shares of the company’s stock, valued at approximately $82,584,000. Vistra Energy Corp. accounts for 22.5% of Koch Industries Inc.’s portfolio, making the stock its biggest holding. Koch Industries Inc. owned about 20.46% of Vistra Energy Corp. at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of VST. Russell Investments Group Ltd. acquired a new stake in shares of Vistra Energy Corp. in the 2nd quarter worth $14,710,000. Matlinpatterson Global Advisers LLC acquired a new stake in shares of Vistra Energy Corp. in the 2nd quarter worth $8,352,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Vistra Energy Corp. in the 2nd quarter worth $127,000. NGAM Advisors L.P. acquired a new stake in shares of Vistra Energy Corp. in the 2nd quarter worth $4,564,000. Finally, World Asset Management Inc acquired a new stake in shares of Vistra Energy Corp. in the 2nd quarter worth $168,000.
A number of analysts have recently weighed in on the company. Zacks Investment Research raised Vistra Energy Corp. from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Thursday, August 10th. Citigroup Inc. assumed coverage on Vistra Energy Corp. in a research report on Thursday, September 28th. They issued a “buy” rating and a $22.00 price objective for the company. SunTrust Banks, Inc. assumed coverage on Vistra Energy Corp. in a research report on Tuesday. They issued a “hold” rating and a $18.00 price objective for the company. Finally, Credit Suisse Group assumed coverage on Vistra Energy Corp. in a research report on Wednesday, September 20th. They issued an “outperform” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.11.
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Vistra Energy Corp. (NYSE:VST) traded down 0.341% during mid-day trading on Friday, hitting $19.015. The stock had a trading volume of 737,224 shares. The stock has a market cap of $8.13 billion and a P/E ratio of 11.126. The firm has a 50-day moving average of $17.20 and a 200-day moving average of $16.23. Vistra Energy Corp. has a 52-week low of $0.01 and a 52-week high of $25.24.
Vistra Energy Corp. (NYSE:VST) last released its quarterly earnings data on Friday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. On average, analysts forecast that Vistra Energy Corp. will post $0.59 EPS for the current fiscal year.
Vistra Energy Corp. 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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