Velanne Asset Management Ltd Buys 9,104 Shares of Vistra Energy Corp (VST)
Velanne Asset Management Ltd increased its stake in Vistra Energy Corp (NYSE:VST) by 4.1% in the 1st quarter, HoldingsChannel reports. The fund owned 231,263 shares of the company’s stock after acquiring an additional 9,104 shares during the period. Vistra Energy accounts for approximately 4.2% of Velanne Asset Management Ltd’s holdings, making the stock its 15th largest holding. Velanne Asset Management Ltd’s holdings in Vistra Energy were worth $6,020,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VST. Teacher Retirement System of Texas raised its stake in shares of Vistra Energy by 2.4% during the fourth quarter. Teacher Retirement System of Texas now owns 1,024,222 shares of the company’s stock valued at $23,444,000 after acquiring an additional 24,137 shares in the last quarter. Hartree Partners LP increased its position in shares of Vistra Energy by 23.0% during the fourth quarter. Hartree Partners LP now owns 123,000 shares of the company’s stock worth $2,815,000 after purchasing an additional 23,000 shares in the last quarter. Deutsche Bank AG increased its position in shares of Vistra Energy by 81.4% during the fourth quarter. Deutsche Bank AG now owns 585,627 shares of the company’s stock worth $13,400,000 after purchasing an additional 262,800 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Vistra Energy during the fourth quarter worth $11,114,000. Finally, IFM Investors Pty Ltd increased its position in shares of Vistra Energy by 26.0% during the fourth quarter. IFM Investors Pty Ltd now owns 19,511 shares of the company’s stock worth $447,000 after purchasing an additional 4,030 shares in the last quarter.
Shares of VST traded down $0.41 during trading hours on Wednesday, reaching $25.57. 82,266 shares of the company traded hands, compared to its average volume of 3,772,598. Vistra Energy Corp has a 12-month low of $20.83 and a 12-month high of $27.01. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.95 and a quick ratio of 0.83. The firm has a market capitalization of $12.63 billion, a PE ratio of -1,276.75 and a beta of 0.59.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.96%. The ex-dividend date was Thursday, March 14th. Vistra Energy’s payout ratio is -2,500.00%.
VST has been the topic of a number of recent analyst reports. Zacks Investment Research raised Vistra Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 5th. Deutsche Bank set a $32.00 price objective on shares of Vistra Energy and gave the company a “buy” rating in a report on Friday, February 8th. Macquarie set a $33.00 price objective on shares of Vistra Energy and gave the company a “buy” rating in a report on Saturday, February 9th. Guggenheim reissued a “buy” rating and set a $39.00 price objective on shares of Vistra Energy in a report on Tuesday, February 12th. Finally, Morgan Stanley initiated coverage on shares of Vistra Energy in a report on Monday, March 25th. They set an “overweight” rating and a $35.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Vistra Energy currently has a consensus rating of “Buy” and an average price target of $31.22.
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Vistra Energy 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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