Goldentree Asset Management LP Invests $33.09 Million in Vistra Energy Corp (VST)

Goldentree Asset Management LP bought a new stake in Vistra Energy Corp (NYSE:VST) during the 4th quarter, HoldingsChannel reports. The fund bought 1,806,086 shares of the company’s stock, valued at approximately $33,087,000. Vistra Energy comprises 3.6% of Goldentree Asset Management LP’s investment portfolio, making the stock its 5th largest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Aperio Group LLC purchased a new position in Vistra Energy in the 3rd quarter worth about $479,000. State Board of Administration of Florida Retirement System increased its stake in Vistra Energy by 30.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 254,062 shares of the company’s stock worth $4,720,000 after buying an additional 59,400 shares during the period. American Century Companies Inc. purchased a new position in Vistra Energy in the 3rd quarter worth about $2,800,000. Prudential Financial Inc. purchased a new position in Vistra Energy in the 3rd quarter worth about $417,000. Finally, Principal Financial Group Inc. increased its stake in Vistra Energy by 57.8% in the 3rd quarter. Principal Financial Group Inc. now owns 32,063 shares of the company’s stock worth $599,000 after buying an additional 11,740 shares during the period.

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Vistra Energy Corp (VST) opened at $20.69 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.79 and a debt-to-equity ratio of 0.69. The company has a market cap of $8,864.59 and a PE ratio of -35.07. Vistra Energy Corp has a 12-month low of $0.01 and a 12-month high of $21.20.

Vistra Energy (NYSE:VST) last posted its earnings results on Monday, February 26th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. The business had revenue of $944.00 million for the quarter, compared to the consensus estimate of $1.82 billion. Vistra Energy had a negative net margin of 4.68% and a positive return on equity of 6.15%. equities research analysts expect that Vistra Energy Corp will post 0.89 earnings per share for the current fiscal year.

Several research analysts recently commented on the stock. UBS Group raised shares of Vistra Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $21.00 to $27.00 in a research note on Tuesday, March 6th. SunTrust Banks reaffirmed a “hold” rating and issued a $21.00 price target on shares of Vistra Energy in a research note on Tuesday, February 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $23.00 price target on shares of Vistra Energy in a research note on Thursday, February 1st. Guggenheim reaffirmed a “buy” rating and issued a $23.00 price target on shares of Vistra Energy in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research downgraded shares of Vistra Energy from a “hold” rating to a “sell” rating in a research note on Sunday, January 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.54.

In other Vistra Energy news, COO James A. Burke bought 13,500 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were acquired at an average price of $18.24 per share, with a total value of $246,240.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Curtis A. Morgan bought 19,094 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were acquired at an average cost of $18.34 per share, for a total transaction of $350,183.96. The disclosure for this purchase can be found here. Insiders have acquired a total of 39,944 shares of company stock worth $725,496 in the last three months.

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

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