Verition Fund Management LLC bought a new stake in shares of Vistra Energy Corp (NYSE:VST) in the 1st quarter, HoldingsChannel.com reports. The firm bought 442,001 shares of the company’s stock, valued at approximately $9,207,000. Vistra Energy makes up approximately 0.7% of Verition Fund Management LLC’s holdings, making the stock its 20th largest position.
A number of other hedge funds have also recently made changes to their positions in VST. Schwab Charles Investment Management Inc. boosted its stake in Vistra Energy by 3.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 790,111 shares of the company’s stock valued at $14,475,000 after buying an additional 23,044 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Vistra Energy during the fourth quarter valued at $198,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Vistra Energy during the fourth quarter valued at $789,000. Aperio Group LLC lifted its holdings in shares of Vistra Energy by 10.4% during the fourth quarter. Aperio Group LLC now owns 28,307 shares of the company’s stock valued at $519,000 after purchasing an additional 2,666 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Vistra Energy by 11.3% during the fourth quarter. US Bancorp DE now owns 25,460 shares of the company’s stock valued at $466,000 after purchasing an additional 2,586 shares during the last quarter. 90.04% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Vistra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, May 11th. Bank of America reduced their target price on Vistra Energy to $28.00 and set a “buy” rating for the company in a report on Tuesday, May 8th. Credit Suisse Group upped their target price on Vistra Energy from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, May 7th. Citigroup reaffirmed a “buy” rating and set a $27.00 target price (up from $22.00) on shares of Vistra Energy in a report on Tuesday, May 1st. Finally, ValuEngine raised Vistra Energy from a “hold” rating to a “buy” rating in a report on Monday, April 9th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $23.13.
Vistra Energy (NYSE:VST) last announced its quarterly earnings data on Friday, May 4th. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.89). The business had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $1.42 billion. Vistra Energy had a positive return on equity of 5.56% and a negative net margin of 13.19%. research analysts forecast that Vistra Energy Corp will post 0.87 earnings per share for the current year.
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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