Jennison Associates LLC Cuts Stake in Vistra Energy Corp (NYSE:VST)

Share on StockTwits

Jennison Associates LLC lowered its position in shares of Vistra Energy Corp (NYSE:VST) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,773,621 shares of the company’s stock after selling 83,426 shares during the period. Jennison Associates LLC owned about 0.78% of Vistra Energy worth $85,435,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. CIBC World Markets Inc. increased its stake in shares of Vistra Energy by 0.9% during the first quarter. CIBC World Markets Inc. now owns 46,372 shares of the company’s stock valued at $1,207,000 after buying an additional 420 shares during the period. Nissay Asset Management Corp Japan ADV increased its stake in shares of Vistra Energy by 1.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 33,448 shares of the company’s stock valued at $871,000 after buying an additional 491 shares during the period. First Allied Advisory Services Inc. increased its stake in shares of Vistra Energy by 6.5% during the first quarter. First Allied Advisory Services Inc. now owns 9,864 shares of the company’s stock valued at $257,000 after buying an additional 600 shares during the period. Aviva PLC increased its stake in shares of Vistra Energy by 0.5% during the second quarter. Aviva PLC now owns 150,325 shares of the company’s stock valued at $3,403,000 after buying an additional 689 shares during the period. Finally, Cerebellum GP LLC purchased a new position in shares of Vistra Energy during the first quarter valued at $27,000.

VST traded down $0.16 on Friday, hitting $23.98. The company had a trading volume of 5,257,452 shares, compared to its average volume of 4,773,859. The stock has a fifty day moving average price of $22.40 and a 200-day moving average price of $24.58. Vistra Energy Corp has a 12-month low of $20.83 and a 12-month high of $27.86. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.11 and a current ratio of 1.24. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of -1,199.00, a P/E/G ratio of 1.62 and a beta of 0.67.

Vistra Energy (NYSE:VST) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.41. The business had revenue of $2.83 billion during the quarter. Vistra Energy had a return on equity of 7.52% and a net margin of 6.25%. Analysts forecast that Vistra Energy Corp will post 2.14 EPS for the current fiscal year.

VST has been the topic of several analyst reports. Zacks Investment Research lowered Vistra Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Citigroup set a $31.00 target price on Vistra Energy and gave the company a “buy” rating in a research note on Friday, July 19th. Bank of America lowered Vistra Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Credit Suisse Group lifted their target price on Vistra Energy from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Finally, Morgan Stanley set a $34.00 target price on Vistra Energy and gave the company a “buy” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $31.88.

In other Vistra Energy news, insider Brookfield Asset Management In sold 1,900,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $23.75, for a total value of $45,125,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David A. Campbell purchased 30,000 shares of the stock in a transaction on Monday, June 17th. The stock was acquired at an average cost of $23.35 per share, with a total value of $700,500.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 44,250 shares of company stock valued at $1,039,490. Corporate insiders own 14.05% of the company’s stock.

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.

Recommended Story: Does a trade war provide a risk to the global economy?

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Energy Corp (NYSE:VST).

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

Receive News & Ratings for Vistra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vistra Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
$1.31 EPS Expected for Microchip Technology Inc.  This Quarter
$1.31 EPS Expected for Microchip Technology Inc. This Quarter
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
-$0.63 Earnings Per Share Expected for Instructure Inc  This Quarter
-$0.63 Earnings Per Share Expected for Instructure Inc This Quarter


© 2006-2019 Ticker Report