Bridgeway Capital Management Inc. Makes New Investment in Vistra Energy Corp (NYSE:VST)

Bridgeway Capital Management Inc. acquired a new position in shares of Vistra Energy Corp (NYSE:VST) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,382,900 shares of the company’s stock, valued at approximately $25,750,000. Bridgeway Capital Management Inc. owned approximately 0.28% of Vistra Energy as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in shares of Vistra Energy by 57.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,547 shares of the company’s stock valued at $29,000 after buying an additional 562 shares during the period. Signaturefd LLC boosted its stake in shares of Vistra Energy by 51.6% during the 2nd quarter. Signaturefd LLC now owns 1,775 shares of the company’s stock valued at $33,000 after buying an additional 604 shares during the period. First Mercantile Trust Co. acquired a new stake in shares of Vistra Energy during the 1st quarter valued at $34,000. Harbor Investment Advisory LLC boosted its stake in shares of Vistra Energy by 48.2% during the 1st quarter. Harbor Investment Advisory LLC now owns 3,243 shares of the company’s stock valued at $52,000 after buying an additional 1,055 shares during the period. Finally, Focused Wealth Management Inc acquired a new stake in shares of Vistra Energy during the 2nd quarter valued at $121,000. Hedge funds and other institutional investors own 93.23% of the company’s stock.

In other news, Director Arcilia Acosta bought 10,000 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 21,001 shares in the company, valued at $411,199.58. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Scott B. Helm bought 20,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were purchased at an average cost of $18.19 per share, with a total value of $363,800.00. Following the transaction, the director now owns 190,377 shares in the company, valued at $3,462,957.63. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 71,176 shares of company stock valued at $1,308,591. Company insiders own 0.49% of the company’s stock.

Vistra Energy stock traded down $0.45 on Tuesday, reaching $18.42. 4,239,083 shares of the stock were exchanged, compared to its average volume of 4,287,860. The stock has a market cap of $9.22 billion, a PE ratio of 15.87, a PEG ratio of 0.46 and a beta of 0.94. The company has a current ratio of 0.87, a quick ratio of 0.75 and a debt-to-equity ratio of 1.16. Vistra Energy Corp has a twelve month low of $11.30 and a twelve month high of $27.96. The firm has a fifty day moving average price of $18.87 and a two-hundred day moving average price of $18.61.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Tuesday, September 15th. Vistra Energy’s dividend payout ratio is 26.09%.

A number of equities research analysts have issued reports on VST shares. ValuEngine lowered shares of Vistra Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 7th. Morgan Stanley decreased their target price on shares of Vistra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Zacks Investment Research lowered shares of Vistra Energy from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Seaport Global Securities raised shares of Vistra Energy from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, June 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. Vistra Energy has a consensus rating of “Buy” and a consensus target price of $30.20.

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.

Further Reading: How to find the components of the quick ratio

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

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