Velanne Asset Management Ltd Has $6.02 Million Stake in Vistra Energy Corp (VST)

Velanne Asset Management Ltd lifted its stake in shares of Vistra Energy Corp (NYSE:VST) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 231,263 shares of the company’s stock after purchasing an additional 9,104 shares during the period. Vistra Energy accounts for 4.2% of Velanne Asset Management Ltd’s holdings, making the stock its 15th biggest position. Velanne Asset Management Ltd’s holdings in Vistra Energy were worth $6,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in VST. Lake Point Wealth Management bought a new stake in Vistra Energy in the 4th quarter valued at $34,000. IFP Advisors Inc raised its stake in Vistra Energy by 44.4% in the 4th quarter. IFP Advisors Inc now owns 1,727 shares of the company’s stock valued at $39,000 after acquiring an additional 531 shares during the period. Enlightenment Research LLC bought a new stake in Vistra Energy in the 4th quarter valued at $62,000. PNC Financial Services Group Inc. raised its stake in Vistra Energy by 510.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,431 shares of the company’s stock valued at $111,000 after acquiring an additional 3,705 shares during the period. Finally, Rehmann Capital Advisory Group raised its stake in Vistra Energy by 2,387.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 2,935 shares of the company’s stock valued at $118,000 after acquiring an additional 2,817 shares during the period.

A number of research firms recently weighed in on VST. Zacks Investment Research cut Vistra Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Citigroup increased their price target on Vistra Energy from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley started coverage on Vistra Energy in a report on Monday, March 25th. They issued an “overweight” rating and a $35.00 price objective on the stock. Macquarie set a $35.00 price objective on Vistra Energy and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Guggenheim reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Vistra Energy in a report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.22.

Vistra Energy stock traded down $0.41 during trading hours on Wednesday, hitting $25.57. The stock had a trading volume of 82,266 shares, compared to its average volume of 3,772,598. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $12.63 billion, a PE ratio of -1,276.75 and a beta of 0.59. Vistra Energy Corp has a one year low of $20.83 and a one year high of $27.01.

Vistra Energy (NYSE:VST) last issued its quarterly earnings data on Thursday, February 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.47). Vistra Energy had a positive return on equity of 4.00% and a negative net margin of 0.59%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $3.02 billion. As a group, analysts predict that Vistra Energy Corp will post 1.7 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.96%. Vistra Energy’s payout ratio is -2,500.00%.

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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: Percentage Decliners

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

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