Precocity Capital LP Sells 500,000 Shares of Vistra Energy Corp (VST)
Precocity Capital LP decreased its stake in Vistra Energy Corp (NYSE:VST) by 50.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 500,000 shares of the company’s stock after selling 500,000 shares during the period. Vistra Energy accounts for about 2.3% of Precocity Capital LP’s holdings, making the stock its 17th biggest holding. Precocity Capital LP’s holdings in Vistra Energy were worth $11,830,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of VST. Bronfman E.L. Rothschild L.P. increased its stake in shares of Vistra Energy by 574.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,735 shares of the company’s stock valued at $112,000 after buying an additional 4,033 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in Vistra Energy during the fourth quarter worth approximately $128,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Vistra Energy by 46.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,369 shares of the company’s stock worth $152,000 after purchasing an additional 2,340 shares during the period. Daiwa Securities Group Inc. grew its stake in Vistra Energy by 40.3% during the first quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the company’s stock worth $181,000 after purchasing an additional 2,500 shares during the period. Finally, Suntrust Banks Inc. acquired a new stake in Vistra Energy during the first quarter worth approximately $200,000.
Several research firms recently commented on VST. Credit Suisse Group raised their target price on Vistra Energy from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Monday, May 7th. SunTrust Banks reaffirmed a “hold” rating and set a $24.00 target price on shares of Vistra Energy in a research note on Monday, August 6th. Bank of America decreased their target price on Vistra Energy to $28.00 and set a “buy” rating for the company in a research note on Tuesday, May 8th. Zacks Investment Research cut Vistra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 11th. Finally, ValuEngine cut Vistra Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Vistra Energy currently has an average rating of “Buy” and an average price target of $24.25.
Vistra Energy (NYSE:VST) last announced its quarterly earnings results on Monday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.10. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. Vistra Energy had a positive return on equity of 6.72% and a negative net margin of 8.24%. The company’s quarterly revenue was up 98.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) earnings per share. equities analysts forecast that Vistra Energy Corp will post 1.37 earnings per share for the current fiscal year.
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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