Vistra Energy Corp (VST) Shares Bought by Shell Asset Management Co.
Shell Asset Management Co. grew its position in shares of Vistra Energy Corp (NYSE:VST) by 12.0% in the 3rd quarter, Holdings Channel reports. The fund owned 24,556 shares of the company’s stock after acquiring an additional 2,628 shares during the period. Shell Asset Management Co.’s holdings in Vistra Energy were worth $611,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Sterling Capital Management LLC acquired a new stake in shares of Vistra Energy in the second quarter valued at about $2,595,000. Strs Ohio grew its stake in shares of Vistra Energy by 504.9% in the second quarter. Strs Ohio now owns 18,975 shares of the company’s stock valued at $448,000 after buying an additional 15,838 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Vistra Energy by 329.9% in the second quarter. Janus Henderson Group PLC now owns 1,450,166 shares of the company’s stock valued at $34,311,000 after buying an additional 1,112,805 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Vistra Energy by 44.5% in the second quarter. Russell Investments Group Ltd. now owns 1,429,866 shares of the company’s stock valued at $33,724,000 after buying an additional 440,558 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Vistra Energy by 29.8% in the second quarter. Bank of New York Mellon Corp now owns 1,417,030 shares of the company’s stock valued at $33,526,000 after buying an additional 325,097 shares in the last quarter.
A number of equities research analysts have recently issued reports on VST shares. Citigroup lowered their target price on Vistra Energy from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. Deutsche Bank increased their target price on Vistra Energy from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, November 5th. ValuEngine lowered Vistra Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. SunTrust Banks upgraded Vistra Energy from a “hold” rating to a “buy” rating and increased their target price for the company from $25.00 to $26.00 in a research note on Thursday, October 25th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Wednesday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $26.44.
Shares of VST opened at $24.09 on Friday. The stock has a market capitalization of $11.84 billion, a P/E ratio of 25.09 and a beta of 0.53. Vistra Energy Corp has a one year low of $17.70 and a one year high of $26.29. The company has a quick ratio of 0.93, a current ratio of 1.06 and a debt-to-equity ratio of 1.32.
Vistra Energy (NYSE:VST) last issued its quarterly earnings results on Friday, November 2nd. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.09). The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Vistra Energy had a negative net margin of 5.94% and a positive return on equity of 7.17%. The company’s revenue for the quarter was up 76.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 EPS. On average, research analysts anticipate that Vistra Energy Corp will post 1.31 EPS for the current year.
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Vistra Energy Company 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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