State of Tennessee Treasury Department Invests $6.51 Million in Vistra Energy Corp (NYSE:VST)

State of Tennessee Treasury Department bought a new stake in shares of Vistra Energy Corp (NYSE:VST) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 250,000 shares of the company’s stock, valued at approximately $6,508,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lake Point Wealth Management bought a new stake in Vistra Energy during the fourth quarter valued at approximately $34,000. IFP Advisors Inc grew its position in Vistra Energy by 44.4% during the fourth quarter. IFP Advisors Inc now owns 1,727 shares of the company’s stock valued at $39,000 after buying an additional 531 shares during the period. Quadrant Capital Group LLC bought a new stake in Vistra Energy during the first quarter valued at approximately $45,000. Enlightenment Research LLC bought a new stake in Vistra Energy during the fourth quarter valued at approximately $62,000. Finally, Quantamental Technologies LLC bought a new stake in Vistra Energy during the first quarter valued at approximately $105,000.

Vistra Energy stock opened at $24.16 on Tuesday. The firm has a market cap of $11.73 billion, a P/E ratio of -1,208.00, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Vistra Energy Corp has a 52-week low of $20.83 and a 52-week high of $27.86.

Vistra Energy (NYSE:VST) last released its quarterly earnings results on Friday, May 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.05). The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Vistra Energy had a net margin of 4.22% and a return on equity of 4.37%. Vistra Energy’s revenue for the quarter was up 282.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.71) EPS. On average, equities research analysts predict that Vistra Energy Corp will post 1.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, June 13th. Vistra Energy’s dividend payout ratio (DPR) is -2,500.00%.

In other Vistra Energy news, insider Curtis A. Morgan sold 10,735 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $25.31, for a total transaction of $271,702.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Stephen J. Muscato sold 1,775 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $25.31, for a total transaction of $44,925.25. The disclosure for this sale can be found here. Insiders have sold 20,038 shares of company stock worth $507,162 in the last quarter. Company insiders own 14.05% of the company’s stock.

VST has been the subject of several recent research reports. Guggenheim restated a “buy” rating and set a $39.00 target price on shares of Vistra Energy in a research report on Tuesday, February 12th. Macquarie set a $35.00 price target on shares of Vistra Energy and gave the stock a “buy” rating in a research report on Friday, March 1st. Morgan Stanley assumed coverage on shares of Vistra Energy in a research report on Monday, March 25th. They issued an “overweight” rating and a $35.00 price target for the company. Citigroup upped their price target on shares of Vistra Energy from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Zacks Investment Research lowered shares of Vistra Energy from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $32.63.

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

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