Massachusetts Financial Services Co. MA decreased its stake in Vistra Energy Corp (NYSE:VST) by 7.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,294,926 shares of the company’s stock after selling 395,636 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Vistra Energy were worth $131,738,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in Vistra Energy by 26.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,823,731 shares of the company’s stock worth $37,988,000 after purchasing an additional 383,607 shares during the period. Allianz Asset Management GmbH acquired a new stake in Vistra Energy during the first quarter worth approximately $309,000. UBS Group AG grew its stake in Vistra Energy by 214.6% during the first quarter. UBS Group AG now owns 15,598 shares of the company’s stock worth $325,000 after purchasing an additional 10,640 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in Vistra Energy by 46.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,369 shares of the company’s stock worth $152,000 after purchasing an additional 2,340 shares during the period. Finally, LPL Financial LLC boosted its holdings in Vistra Energy by 24.1% in the first quarter. LPL Financial LLC now owns 25,160 shares of the company’s stock worth $524,000 after acquiring an additional 4,894 shares in the last quarter.
Several brokerages have issued reports on VST. SunTrust Banks reiterated a “hold” rating and issued a $24.00 price target on shares of Vistra Energy in a report on Monday, August 6th. Citigroup cut their price target on Vistra Energy from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, October 22nd. Zacks Investment Research lowered Vistra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, ValuEngine lowered Vistra Energy from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Vistra Energy currently has a consensus rating of “Buy” and an average price target of $25.33.
Vistra Energy (NYSE:VST) last announced its quarterly earnings results on Monday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.10. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. Vistra Energy had a positive return on equity of 6.72% and a negative net margin of 8.24%. The company’s quarterly revenue was up 98.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) earnings per share. Equities research analysts anticipate that Vistra Energy Corp will post 1.37 earnings per share for the current year.
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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