CIBC Asset Management Inc Invests $269,000 in Vistra Energy Corp. (VST)
CIBC Asset Management Inc bought a new position in shares of Vistra Energy Corp. (NYSE:VST) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,393 shares of the company’s stock, valued at approximately $269,000.
Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Vistra Energy Corp. during the second quarter worth $203,135,000. JPMorgan Chase & Co. bought a new position in Vistra Energy Corp. during the second quarter valued at $134,409,000. Matlinpatterson Global Advisers LLC bought a new position in Vistra Energy Corp. during the second quarter valued at $8,352,000. Utah Retirement Systems bought a new position in Vistra Energy Corp. during the second quarter valued at $740,000. Finally, Brookfield Asset Management Inc. bought a new position in Vistra Energy Corp. during the second quarter valued at $1,226,917,000.
VST has been the subject of several research reports. Zacks Investment Research upgraded shares of Vistra Energy Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Thursday, September 14th. Guggenheim initiated coverage on shares of Vistra Energy Corp. in a research report on Tuesday, September 5th. They set a “buy” rating and a $20.00 price objective for the company. Citigroup Inc. started coverage on shares of Vistra Energy Corp. in a research report on Thursday, September 28th. They set a “buy” rating and a $22.00 price objective for the company. Bank of America Corporation started coverage on shares of Vistra Energy Corp. in a research note on Tuesday, October 24th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Deutsche Bank AG raised shares of Vistra Energy Corp. to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $19.68.
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In other Vistra Energy Corp. news, Director Scott B. Helm bought 5,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were acquired at an average price of $18.61 per share, with a total value of $93,050.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James A. Burke sold 12,621 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $19.27, for a total transaction of $243,206.67. The disclosure for this sale can be found here.
Vistra Energy Corp. (VST) opened at $18.93 on Tuesday. Vistra Energy Corp. has a 12 month low of $14.50 and a 12 month high of $21.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.18 and a quick ratio of 1.92.
Vistra Energy Corp. (NYSE:VST) last posted its quarterly earnings results on Friday, November 3rd. The company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.32. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.93 billion. Vistra Energy Corp. had a net margin of 416.84% and a return on equity of 352.77%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. analysts forecast that Vistra Energy Corp. will post 0.41 EPS for the current year.
Vistra Energy Corp. Profile
Vistra Energy Corp, formerly TCEH Corp. is a holding company. The Company is an energy company, which is focused on energy and power generation markets through operation as a generator and retailer of electricity in Texas market. Its portfolio of businesses consists primarily of Luminant and TXU Energy.
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