Sumitomo Mitsui Trust Holdings Inc. Increases Stake in Vistra Energy Corp (VST)

Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Vistra Energy Corp (NYSE:VST) by 81.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,384,645 shares of the company’s stock after purchasing an additional 619,992 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Vistra Energy were worth $32,761,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. grew its stake in Vistra Energy by 305.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 785,974 shares of the company’s stock valued at $18,596,000 after purchasing an additional 592,244 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its stake in Vistra Energy by 22.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 20,685 shares of the company’s stock valued at $489,000 after purchasing an additional 3,817 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Vistra Energy in the second quarter valued at about $479,000. Aperio Group LLC boosted its holdings in Vistra Energy by 107.8% in the second quarter. Aperio Group LLC now owns 35,835 shares of the company’s stock worth $848,000 after acquiring an additional 18,586 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in Vistra Energy by 32.9% in the second quarter. State of New Jersey Common Pension Fund D now owns 212,700 shares of the company’s stock worth $5,032,000 after acquiring an additional 52,700 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Shares of Vistra Energy opened at $22.78 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.28 and a quick ratio of 1.59. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.52 and a beta of -0.22. Vistra Energy Corp has a fifty-two week low of $13.37 and a fifty-two week high of $24.81.

Vistra Energy (NYSE:VST) last released its earnings results on Monday, August 6th. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.10. Vistra Energy had a positive return on equity of 6.72% and a negative net margin of 8.24%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue was up 98.6% compared to the same quarter last year. equities analysts anticipate that Vistra Energy Corp will post 1.37 earnings per share for the current year.

Several equities research analysts have weighed in on the company. Bank of America lowered their price target on Vistra Energy to $28.00 and set a “buy” rating for the company in a report on Tuesday, May 8th. Credit Suisse Group reissued a “neutral” rating and issued a $23.00 price target on shares of Vistra Energy in a report on Friday, April 27th. SunTrust Banks reissued a “hold” rating and issued a $24.00 price target on shares of Vistra Energy in a report on Monday, August 6th. Citigroup reissued a “buy” rating and issued a $27.00 price target (up previously from $22.00) on shares of Vistra Energy in a report on Tuesday, May 1st. Finally, Zacks Investment Research downgraded Vistra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, May 11th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Vistra Energy has an average rating of “Buy” and a consensus price target of $24.25.

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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Institutional Ownership by Quarter for Vistra Energy (NYSE:VST)

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