Convergence Investment Partners LLC bought a new position in Vistra Energy Corp (NYSE:VST) during the second quarter, Holdings Channel reports. The firm bought 44,946 shares of the company’s stock, valued at approximately $837,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. acquired a new position in Vistra Energy in the 1st quarter worth about $34,000. Harbor Investment Advisory LLC raised its holdings in Vistra Energy by 48.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 3,243 shares of the company’s stock worth $52,000 after purchasing an additional 1,055 shares during the period. First Horizon Advisors Inc. raised its holdings in Vistra Energy by 288.8% in the 1st quarter. First Horizon Advisors Inc. now owns 4,778 shares of the company’s stock worth $76,000 after purchasing an additional 3,549 shares during the period. Focused Wealth Management Inc acquired a new position in Vistra Energy in the 2nd quarter worth about $121,000. Finally, IBM Retirement Fund acquired a new position in Vistra Energy in the 1st quarter worth about $163,000. Hedge funds and other institutional investors own 93.32% of the company’s stock.
In related news, Director Arcilia Acosta purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average price of $19.58 per share, with a total value of $195,800.00. Following the completion of the acquisition, the director now owns 21,001 shares in the company, valued at $411,199.58. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by company insiders.
Vistra Energy (NYSE:VST) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.14). Vistra Energy had a net margin of 6.45% and a return on equity of 10.84%. The company had revenue of $2.86 billion during the quarter. On average, equities research analysts expect that Vistra Energy Corp will post 2.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.135 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 2.89%. Vistra Energy’s dividend payout ratio is presently 26.09%.
A number of research firms recently weighed in on VST. UBS Group reduced their price target on Vistra Energy from $34.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Zacks Investment Research cut Vistra Energy from a “strong-buy” rating to a “hold” rating in a report on Saturday, July 4th. Seaport Global Securities raised Vistra Energy from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, June 9th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $25.00 price target on shares of Vistra Energy in a report on Wednesday, May 13th. Finally, Morgan Stanley reduced their target price on Vistra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, July 17th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $30.33.
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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