Convergence Investment Partners LLC Invests $837,000 in Vistra Energy Corp (NYSE:VST)

Convergence Investment Partners LLC bought a new stake in shares of Vistra Energy Corp (NYSE:VST) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 44,946 shares of the company’s stock, valued at approximately $837,000.

A number of other institutional investors and hedge funds have also modified their holdings of VST. First Mercantile Trust Co. bought a new stake in Vistra Energy during the 1st quarter valued at approximately $34,000. Harbor Investment Advisory LLC grew its holdings in 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 in the last quarter. First Horizon Advisors Inc. grew its holdings in Vistra Energy by 288.8% during the 1st quarter. First Horizon Advisors Inc. now owns 4,778 shares of the company’s stock valued at $76,000 after buying an additional 3,549 shares in the last quarter. Focused Wealth Management Inc purchased a new position in Vistra Energy during the 2nd quarter valued at approximately $121,000. Finally, IBM Retirement Fund purchased a new position in Vistra Energy during the 1st quarter valued at approximately $163,000. 93.32% of the stock is currently owned by institutional investors.

VST traded down $0.14 during trading hours on Friday, reaching $18.66. 2,507,794 shares of the company’s stock traded hands, compared to its average volume of 3,105,554. The firm has a 50-day moving average price of $19.25 and a 200 day moving average price of $19.46. Vistra Energy Corp has a 52-week low of $11.30 and a 52-week high of $27.96. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $9.12 billion, a PE ratio of 10.79, a PEG ratio of 0.46 and a beta of 0.99.

Vistra Energy (NYSE:VST) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $2.86 billion for the quarter. Equities analysts predict that Vistra Energy Corp will post 2.2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Tuesday, September 15th. Vistra Energy’s payout ratio is currently 26.09%.

Several research firms have weighed in on VST. Seaport Global Securities upgraded 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 restated a “buy” rating and set a $25.00 price target on shares of Vistra Energy in a report on Wednesday, May 13th. UBS Group cut 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. Finally, Morgan Stanley dropped 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 issued a buy rating to the company’s stock. Vistra Energy presently has an average rating of “Buy” and an average price target of $30.33.

In other Vistra Energy news, Director Arcilia Acosta acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was bought at an average price of $19.58 per share, for a total transaction of $195,800.00. Following the acquisition, the director now directly owns 21,001 shares in the company, valued at $411,199.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by insiders.

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.

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

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