Bp Plc acquired a new position in Vistra Energy Corp (NYSE:VST) during the third quarter, Holdings Channel reports. The fund acquired 47,000 shares of the company’s stock, valued at approximately $1,169,000.
Several other institutional investors also recently bought and sold shares of VST. BlackRock Inc. lifted its stake in shares of Vistra Energy by 49.8% in the second quarter. BlackRock Inc. now owns 21,915,834 shares of the company’s stock worth $518,529,000 after acquiring an additional 7,285,794 shares during the period. FMR LLC lifted its stake in shares of Vistra Energy by 56.9% in the second quarter. FMR LLC now owns 19,855,248 shares of the company’s stock worth $469,775,000 after acquiring an additional 7,199,689 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Vistra Energy in the second quarter worth approximately $134,639,000. Boston Partners acquired a new position in shares of Vistra Energy in the second quarter worth approximately $78,674,000. Finally, Jennison Associates LLC acquired a new position in shares of Vistra Energy in the second quarter worth approximately $73,754,000.
A number of equities analysts recently commented on the company. Zacks Investment Research lowered Vistra Energy from a “buy” rating to a “strong sell” rating in a research note on Thursday. Deutsche Bank lifted their price objective on Vistra Energy from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday. SunTrust Banks raised Vistra Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $25.00 to $26.00 in a research note on Thursday, October 25th. They noted that the move was a valuation call. Citigroup cut their price objective on Vistra Energy from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, October 22nd. Finally, ValuEngine lowered Vistra Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. Vistra Energy presently has an average rating of “Buy” and a consensus target price of $26.44.
Vistra Energy (NYSE:VST) last issued its earnings results on Friday, November 2nd. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.09). The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $4.09 billion. Vistra Energy had a positive return on equity of 7.17% and a negative net margin of 5.94%. The company’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 earnings per share. On average, research analysts anticipate that Vistra Energy Corp will post 1.37 earnings per share for the current year.
In other Vistra Energy news, EVP Carrie Lee Kirby sold 6,340 shares of Vistra Energy stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $25.03, for a total value of $158,690.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders acquired 2,600 shares of company stock valued at $61,034. 15.66% of the stock is currently owned by corporate insiders.
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About Vistra Energy
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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